Archive for October 22nd, 2009
Poll: US belief in global warming is cooling (AP)
Posted by Bancherul.com in Finance News on October 22nd, 2009
Americans seem to be cooling toward global warming. Just 57 percent think there is solid evidence the world is getting warmer, down 20 points in just three years, a new poll says. And the share of people who believe pollution caused by humans is causing temperatures to rise has also taken a dip, even as the U.S. and world forums gear up for possible action against climate change.
AIG exec defends bailout in alma mater visit (AP)
Posted by Bancherul.com in Finance News on October 22nd, 2009
The top financial officer of insurance giant AIG defended the federal government’s $180 billion bailout of the company in a return to his alma mater.
American Express profit beats estimates (Reuters)
Posted by Bancherul.com in Finance News on October 22nd, 2009
American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
Negotiators consider public option in Senate bill (AP)
Posted by Bancherul.com in Finance News on October 22nd, 2009
Senior Senate Democrats at work with White House officials on health care legislation are strongly considering a requirement for the federal government to sell insurance in direct competition with private industry, officials said Thursday, with individual states permitted to drop out of the system.
AmEx reports 22 percent decline in 3Q profit (AP)
Posted by Bancherul.com in Finance News on October 22nd, 2009
American Express Co. reported its eighth straight quarter of falling profits on Thursday as consumers spent and borrowed less.
Economy – Thursday (Investor’s Business Daily)
Posted by Bancherul.com in Finance News on October 22nd, 2009
U.S. may lose AAA credit rating
Is Homebuyer Credit Worth An Extension? (Investor’s Business Daily)
Posted by Bancherul.com in Finance News on October 22nd, 2009
Political pressure is building to extend and even expand the first-time homebuyer tax credit to all buyers. But a growing chorus of critics says…
Wal-Mart says cuts, slower growth to be positives (AP)
Posted by Bancherul.com in Finance News on October 22nd, 2009
Wal-Mart Stores Inc.’s CEO and President Mike Duke promised investors Thursday that the retailer’s aggressive price-cutting will not hurt its stock price, even as the company issued a modest forecast for U.S. expansion this year and next.
U.S. cuts pay at bailed out firms, BofA hits back (Reuters)
Posted by Bancherul.com in Finance News on October 22nd, 2009
The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country’s largest bank which claimed the cuts could send talent fleeing.
Banks blasted by Congress, regulators in U.S., UK (Reuters)
Posted by Bancherul.com in Finance News on October 22nd, 2009
Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain bankers’ pay.
