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Daily Archives: July 10, 2009

CAL

Trading California IOUs On The Open Market

Posted: July 10, 2009 at 5:09 am

The SEC says that companies holding California IOUs can trade them like stocks or bonds by handing them over to a broker. According to the agency, "The staff of the ...
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house

Troubled Homeowners Slashing Prices

Posted: July 10, 2009 at 4:58 am

Analysts who thinks that the housing market may rebound this summer better think again. Home sales have been slow and now there is evidence that homeowners are having so little success ...
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bear

US Cries Foul On TARP Warrants

Posted: July 10, 2009 at 4:39 am

The Congressional Oversight Panel which keeps track of the effectiveness of the TARP program claims that the government has gotten much too little for the warrants it received as part of the ...
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bank

UBS (UBS) Tells IRS It Won’t Get 52,000 Client Names

Posted: July 10, 2009 at 4:07 am

UBS (UBS) told the IRS and Justice Department to go to hell. The agencies want the names of 52,000 customers who may have evaded taxes in transactions with the big ...
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magazin

AIG (AIG) Needs To Pay Big Bonuses

Posted: July 10, 2009 at 3:49 am

AIG (AIG) wants to pay a number of its "key" employees as much as $235 million. Most of the bonuses are meant to retain these people. The Washington Post reports that ...
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newspaper

Media Digest 7/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: July 10, 2009 at 3:02 am

Reuters:   Pandit bought time at Citigroup (C) with a management reshuffle. Reuters:   Obama's healthcare and climate plans are running into resistance. Reuters:   AIG (AIG) will pay more executive bonuses in ...
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china

Asia Markets And Europe Open 7/10/2009

Posted: July 10, 2009 at 2:27 am

Markets in Asis were slightly lower. The Nikkei fell a fraction to 9,287. The Hang Seng was off .2% to 17,769. The Shanghai Composite was down .3% to 3,114. At ...
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