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Monthly Archive June, 2009

BRICs Agree to Boost Global Clout at ‘Historic’ Russian Summit

June 17, 2009

The leaders of Brazil, Russia, India and China agreed to push for more clout in global financial institutions at an “historic” first summit, without […]

technology - Comments closed

Tweeting for profit

June 16, 2009

A year ago Kris Drey couldn’t care less about Twitter.
With 13 years of Web site experience, Drey is no technophobe. He serves as […]

legal - Comments closed

Import prices surge on petroleum

June 15, 2009

U.S. import prices rose 1.3% in May, the Labor Department said Friday, but the gain was powered by petroleum prices and underlying import price […]

term - Comments closed

Microsoft in $100 million anti-trust settlement with Mississippi

June 14, 2009

The state of Mississippi settled an anti-trust suit with Microsoft for $100 million Thursday and said businesses, individuals, schools and local government were eligible […]

term - Comments closed

Citi and U.S. finalize deal - $58B stock swap

June 13, 2009

Citigroup Inc. on Wednesday began a long-delayed $58 billion stock swap that could leave the government with a 34% stake in the nation’s third-largest […]

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Japan Economy Shrank 14.2% Last Quarter on Exports

June 11, 2009

Japan’s economy shrank less than the government initially estimated as business investment and inventories fell at a slower pace.
Gross domestic product shrank at […]

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Credit card delinquency on the rise

Credit card delinquency rates jumped 11% in the first quarter, possibly indicating that consumers are using tax refunds to pay day-to-day expenses, according to […]

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Regional bank in Illinois fails

June 9, 2009

Bank of Lincolnwood was shuttered by Illinois regulators Friday, bringing the number of failed banks this year to 37 and costing the Federal Federal […]

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FDIC gives up on Silverton Bank

June 8, 2009

The Federal Deposit Insurance Corp. said it is throwing in the towel on Silverton Bank, a so-called "banker’s bank" that it shut down in […]

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Dow kicks out GM and Citigroup

June 4, 2009

Two companies that have received billions of dollars in aid from the U.S. government have been kicked out of the Dow Jones industrial average […]

economics - Comments closed