Treasury reports $61 billion loss on bailout programs
The Treasury Department disclosed GAO audit figures show losses of over $30 billion each in the AIG rescue and in auto lenders Chrysler and General Motors. Bank bailouts offset some, with projected net costs around $41.5 billion.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
American International Group Inc
Treasury
Government Accountability Office
Chrysler
General Motors
VW to buy 20 percent of Suzuki for $2.5B
Volkswagen AG will acquire a 20 percent stake in Suzuki Motor Corp for 2.5 billion dollars. Suzuki will buy shares in VW worth up to half that amount as the partners cross-hold equity. The deal aims to boost sales in Asia and create a joint program for hybrids and EVs.
MENTIONED IN THIS ARTICLE
Tokyo
Volkswagen AG
Suzuki Motor Corp
Suzuki
Swift
Volkswagen
Toyota Motor Corp
Toyota
Honda
Times
Osamu Suzuki
Asia
Martin Winterkorn
Britain to tax bankers bonuses at fifty percent
Britain imposes a one time 50 percent tax on bank bonus pay as part of a pre budget report. Treasury chief Alistair Darling urges banks to rebuild lending while reducing the pot for performance bonuses. Experts say revenue impact will be small but London could lose some financial business.
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Barack Obama
Main Street
Wall Street
London
St. Paul’s Cathedral
Treasury
Alistair Darling
Darling
Britain
Banking Association
Robert Worcester
Ipsos Mori
Labour Party
Alan Hall
Bedford
United States
General Mills cuts sugar in kids cereals nationwide move
General Mills will reduce sugar in 10 cereals marketed to children to single digit grams per serving with Cocoa Puffs potential cuts of at least 25 percent from original and 18 percent from current 11 grams. Rollout starts next year though timelines vary by product.
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Portland
Orc
General Mills
Jeff Harmening
Minneapolis
Kelly Brownell
Rudd Center For Food Policy and Obesity
Yale University
Kellogg Co
U.S
Kellogg
Post Foods
Brownell
Food and Drug Administration
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
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Stock Exchange
Nyse Amex
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RealNwk
Netist
Ndynming
Movado
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Intel
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Microsoft
SPDR
RELM
Cisco
Dirfbear
Oracle
AMD
Alcoa NY
Ladol Ph H
Agreet NY
Limited
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Lowes NY
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Cisco Nasd
Northrop NY
Comcast
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ParkerHan NY
Darden NY
del Inc
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Pfizer NY
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PolyOne NY
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Goodrich
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Honwlint
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Intel Nash
WalMart NY
Invacare NY
WellsFargo Jupmorgch NY
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Keycorp NY
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Kroger NY
Yahoo Nash
Oye
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Sweet
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New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Pork Bellies
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New York Board of Trade
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American Funds
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Vanguard
Wellin MA
Morningstar
SEC
The
Associated Press
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Daniel Wagner
Obama
Timothy Geithner
Mari Yamaguchi
Palace of Westminster
River Thames
the Market IN Review
Dow Jones
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