What Citi Gets Out of the Wachovia Deal
US banking giant Citigroup (C) has acquired Wachovia Corp. (WB), once America’s fourth largest bank. In a transaction facilitated by the Federal Deposit Insurance... >>>
Storm A Brewin?
Fear seems to be escalating as we move closer to the final bailout, which leads to concern for what the consequences will be. How long will this take to sort out? One... >>>
Japan to Launch 1Gbps Fiber-Optic Service October 1
Broadband access to communications networks remains a topic that has consistently gained priority on the political agenda in the developed countries of the world.... >>>
China Refuses Vale’s Iron Ore Price Increase
China continues to reject price hike pressures from Companhia Vale do Rio Doce (RIO), the world’s largest producer of iron ore, and has openly expressed its... >>>
Pelosi’s Office: Summary of the Tentative Agreement
From Office of Speaker Nancy Pelosi — Sept. 28, 2008 REINVEST, REIMBURSE, REFORM IMPROVING THE FINANCIAL RESCUE LEGISLATION Significant bipartisan work has... >>>
Lawmakers Reach Accord on the Bailout Deal
Congressional leaders and Treasury Secretary Henry Paulson emerged after hours of tense negotiations, just half hour after midnight Sunday morning - to announce... >>>
Apple Unlocks iPhone Hong Kong
Apple (AAPL) without any prior announcements has unlocked its iPhone 3G in Hong Kong, permitting people to use it with any mobile phone carrier. On its Hong Kong... >>>
Congress Gets Closer to a Bailout Compromise
According to reports from WSJ, the U.S. Congress and the Bush administration, in an urgent weekend negotiating session that broke early this morning at 3:00 a.m.,... >>>
The End of Supervised Entities - Now What About Swaps?
The U.S. Securities and Exchange Commission [SEC] announced Friday a decision by the Division of Trading and Markets to end the Consolidated Supervised Entities... >>>
Why Warren Buffett is Betting on Banks Now
Bank stocks could be the buy of a lifetime right now. The bailout is moving forward, the markets have stabilized, and Warren Buffett has put up a $5 billion bet... >>>
