Arcive of financial news
Citigroup Inc. said Wednesday it is acquiring the remaining $17.4 billion in assets held by structured investment vehicles (SIV) it already supports, as the bank moves to unwind the troubled funds.
Citigroup (C, Fortune 500) will move the SIV assets to a portfolio of assets held for sale. The transfer allows the funds to fully […]
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The British government is to give more details about its 400 billion pound banking rescue plan next week, Finance Minister Alistair Darling said on Saturday.
“What we are doing over the weekend is looking at the specifics, how do we implement it, and we will be making an announcement at the beginning of the week,” […]
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World financial officials should orchestrate rapid interest-rate cuts of at least 1.5 percentage points to help avert a depression, said Nouriel Roubini, the professor who two years ago predicted the financial crisis.
Other steps need to include a temporary guarantee of all bank deposits, unlimited liquidity for solvent financial institutions and fiscal-stimulus measures, Roubini […]
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Kewaunee Scientific Corp. reports a 46 percent increase in earnings for its fiscal first quarter ended July 31.
The Statesville-based manufacturer earned $981,000, or 38 cents per diluted share, in the quarter, up from $674,000, or 27 cents per diluted share, a year earlier.
Sales increased 22 percent to $25.4 million.
Kewaunee says its earnings were boosted by […]
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Speedemissions Inc. said it swung to a loss in the second quarter due to early operating losses at new locations, including in St. Louis.
For the quarter ended June 30, the vehicle emissions testing and safety inspections company lost $174,000, or 3 cents a share, compared to a profit of $102,000, or 3 cents […]
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Sirius XM Inc. reported second-quarter results, the last full-quarter before Sirius Satellite Radio's merger with XM Satellite Radio, showing smaller losses as it approached the merger.
The New York-based broadcaster, which has said it will keep XM Satellite’s D.C. broadcast operations, had fiscal second quarter loss of $83.9 million, or 6 cents per share, compared to […]
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India's inflation accelerated to a 13-year high and economists forecast higher consumer prices in China after record crude oil forced both nations to increase the regulated cost of fuel.
India's wholesale prices jumped 11.05 percent in the week to June 7, the government said today, more than the median 9.79 percent increase in a […]
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KKHI-FM (branded as K-High 101.9) has been relaunched as a "smooth jazz" format station serving the Denver-Boulder area using the frequency of regional-Mexican music station KDGQ-FM.
Centennial-based KKHI is owned by Sacramento, Calif-based Bustos Media LLC, owner of about 25 radio stations and three TV outlets nationwide.
The signal will carry a […]
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The number of July home foreclosures in the Dallas-Fort Worth area rose 33 percent from a year ago but was down 2 percent from June.
Postings set for the upcoming auctions in July reached 3,747 in Dallas-Fort Worth, with notices in Dallas County numbering 1,651, up 22 percent from a year ago but […]
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McDonald’s says its french fries are now trans-fat-free in all its restaurants in the United States and Canada. The big fast-food chain is catching up with its rivals in that area.
The company made the word official Thursday at its annual shareholders meeting at McDonald’s Corp. (MCD, Fortune 500) headquarters in Oak Brook, Ill.
McDonald’s has […]
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