Arcive of financial news
The Bay Area Council has asked four California representatives who voted "no" the first time around on a proposed $700 billion bailout plan to change their minds.
The letter, sent to Barbara Lee, Pete Stark, Mike Thompson and Lynn Woolsey, said the Bay Area Council appreciates "the principled position you have taken on this issue and […]
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United Airlines will double the fee it charges passengers for checking a second bag.
Beginning Tuesday, the $25 fee will jump to $50 for domestic travel on or after Nov. 10. United already charges a $15 fee for the first checked bag.
The airline said it expects the revenue from its merchandising efforts, including the baggage fees, […]
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Asian and European bank shares soared on Monday after the U.S. government took control of mortgage finance firms Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) in a bid to revive confidence in banks and the housing market.
The plan makes it more explicit that debt […]
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Hungary's central bank unexpectedly left its benchmark interest rate unchanged after the forint surged to the strongest in more than five years.
The Magyar Nemzeti Bank in Budapest left the two-week deposit rate at 8.5 percent, the second-highest level in the European Union after Romania. All 20 analysts in a Bloomberg survey expected the […]
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The U.K.'s construction industry, which accounts for 6 percent of the economy, shrank in April at the fastest pace in at least 11 years as homebuilding slumped, a survey showed.
An index based on a survey of purchasing managers at building companies fell to 43.9 from 46.1 in April, the London-based Chartered Institute of […]
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Aviation Technology Group has filed for Chapter 7 bankruptcy after unsuccessfully trying to find a buyer for the very light jet company based at Front Range Airport in Jefferson County, according to court records.
The company ceased operations earlier this year and laid off 100 employees when it could no longer finance its lavish […]
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Three lawyers from an Atlanta litigation firm Alembik, Fine & Callner P.A. have gone to Thompson Hine LLP’s product liability litigation group.
Z. Ileana Martinez and Seth Litman joined Thompson Hine’s Atlanta office as partners and Leslie J. Suson has joined as senior attorney.
Martinez’ practice focuses on product liability litigation, including […]
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Three lawyers from an Atlanta litigation firm Alembik, Fine & Callner P.A. have gone to Thompson Hine LLP’s product liability litigation group.
Z. Ileana Martinez and Seth Litman joined Thompson Hine’s Atlanta office as partners and Leslie J. Suson has joined as senior attorney.
Martinez’ practice focuses on product liability litigation, including […]
Filed under: money by Wolf
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Horizon Lines has increased its fuel surcharge by 1.5 percentage points for Hawaii and Guam.
The increase to 35.25 percent goes into effect June 8, the company said Friday.
Horizon, Hawaii’s second-largest shipper, said the fuel surcharge adjustment is the result of "unprecedented levels of the cost of fuel" with "no immediate relief […]
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Former Federal Reserve Chairman Alan Greenspan said he hopes the worst of the credit-market crisis is over and that the length of a U.S. recession depends on how long the financial turmoil lasts.
The situation is still critical, and the crisis may drag into next year, Greenspan said via satellite to a conference at […]
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