Business, ReutersNews from Business by Yahoo |
Reuters - The U.S. Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success, the Wall Street Journal said, citing people familiar with the matter.
Original post by and software by
0 Comments Reuters - Australia slashed interest rates on Tuesday, presaging cuts expected in Europe later this week in the face of mounting evidence that the global financial crisis has already pushed much of the world into a damaging recession.
Original post by and software by
Reuters - MasterCard Inc , the world's second-largest card network, posted better-than- expected earnings on Monday, excluding items, boosted by a strong revenue growth outside the Unites States and currency fluctuations, sending its shares up almost 9 percent.
Original post by and software by
Reuters - U.S. auto sales plunged 32 percent in October to lows unseen in a quarter-century led by a 45 percent drop at General Motors Corp in a collapse that hit every major automaker and offered little sign that the industry has hit bottom in its largest market.
Original post by and software by