Monthly Archives: March 2011

Ireland says banks need further 24 billion euros (Reuters)

Written on March 31, 2011 by Editor - Business News

DUBLIN (Reuters) – Ireland tried to draw a line under its financial crisis on Thursday by saying its banks need a further 24 billion euros ($34.11 billion) to withstand further economic shocks. Irish Finance Minister Michael Noonan also unveiled plans … Continue reading →

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Ally files for IPO, readies for Treasury sell-down (Reuters)

Written on March 31, 2011 by Editor - Business News

NEW YORK (Reuters) – Ally Financial filed for an initial public offering that will allow the U.S. government to sell down its majority stake in the bailed-out auto and mortgage lender. The company filed with the U.S. Securities and Exchange … Continue reading →

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WTO raps U.S. subsidies to Boeing (Reuters)

Written on March 31, 2011 by Editor - Business News

GENEVA (Reuters) – Planemaker Boeing received at least $5.3 billion of banned U.S. subsidies, the World Trade Organization said on Thursday in a dispute that shows no signs of an end to bitter transatlantic wrangling. The subsidies included support in … Continue reading →

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Sokol affair casts shadow on Buffett style (Reuters)

Written on March 31, 2011 by Editor - Business News

NEW YORK (Reuters) – So much for Warren Buffett’s philosophy of leaving his managers alone. A key Buffett lieutenant resigned this week, and said he bought shares in a company he later pitched to his boss. While Buffett said his … Continue reading →

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Honda, Mazda to restart limited car production

Written on March 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeHMC37.60-0.50TM80.47-0.49{“s” : “hmc,tm”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} DETROIT (AP) — Honda Motor Co. and Mazda Motor Corp. said Thursday they will resume limited production at several Japanese factories in April, but full production depends onRead More from the … Continue reading →

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Ally, former GM finance arm, files for IPO

Written on March 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeGM31.20-0.35MS27.45+0.22{“s” : “gm,ms”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — The former finance arm of General Motors said Thursday it is preparing an initial public offering as it seeks to repay billions in governmentRead More from the … Continue reading →

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Fed names banks that drew loans during crisis

Written on March 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeJPM46.30-0.15MS27.45+0.22NWSA17.69+0.18{“s” : “jpm,ms,nwsa”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} WASHINGTON (AP) — For the first time in its 98-year history, the Federal ReserveRead More from the Article Source: http://us.rd.yahoo.com/finance/news/rss/story/*http%3A//us.rd.yahoo.com/finance/news/topnews/*http%3A//biz.yahoo.com/ap/110331/us_fed_crisis_lending.html

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Factory orders dip 0.1 percent in February

Written on March 31, 2011 by Editor - Finance Top Stories

In this March 17, 2011 photo, a line worker checks a 2012 Ford Focus on the assembly line at the Michigan Assembly Plant in Wayne, Mich. The gains in February came from increased output of cars, appliances, computers and furniture, … Continue reading →

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Oil climbs to highest since 2008 on Libya conflict

Written on March 31, 2011 by Editor - Finance Top Stories

A motorist leaves an Indian reservation where the price of gas is less expensive than surrounding areas at $3.53 per gallon at Western Door gas station on the Tonawanda Indian Reservation in New York, Thursday, March 31, 2011. The price … Continue reading →

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WTO rules US aid to Boeing is illegal

Written on March 31, 2011 by Editor - Finance Top Stories

FILE – In this file photo taken Feb. 14, 2011, a Boeing 777 jet stands in a production line at the company’s manufacturing plant, in Everett, Wash. Boeing Co. said Thursday, March 24, 2011, cargo hauler FedEx has ordered four … Continue reading →

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