Business/Finance
Thursday, April 3rd, 2008
ATA Airlines last night filed a petition for Chapter 11 bankruptcy protection and this morning discontinued all of its operations. ATA said an "unexpected cancellation" of a military charter contract, provided through an agreement with FedEx, dried up its capital and necessitated the stop in service. ATA said it ...
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Friday, March 14th, 2008
Bear Stearns Cos. will hold a conference call Friday at 12:30 p.m. EDT to address "speculation in the marketplace related to its announcement this morning."
J.P. Morgan Chase & Co. (JPM) said Friday it agreed, in combination with the Federal Reserve Bank of New York, to provide secured financing ...
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Friday, March 14th, 2008
Unbelievable! Only days after Bear Stearns Chief Executive Alan Schwartz publicly said there was "absolutely no truth" to the speculation that the brokerage firm had liquidity problems, Bear Stearns is having to pass the hat to keep its head above water.
On Friday, JPMorgan Chase (nyse: ...
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Friday, February 29th, 2008
NEW YORK: Berkshire Hathaway, the holding company controlled by the billionaire investor Warren Buffett, said Friday that its fourth-quarter profit fell 18 percent on falling insurance rates.
Net income decreased to $2.95 billion, or $1,904 a share, from $3.58 billion, or $2,323, a year earlier, the Omaha, Nebraska-based company said. Berkshire ...
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Monday, February 25th, 2008
Visa Inc. said today that it might raise up to $18.8 billion in the largest initial public offering ever, Reuters reported. The world's largest credit card network filed with the U.S. Securities and Exchange Commission to sell 406 million Class A shares at $37 to $42 each, resulting in $15 ...
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Wednesday, January 30th, 2008
NEW YORK, Jan 30 (Reuters) - The founder of hedge fund Pershing Square Capital Management told regulators on Wednesday that the two biggest U.S. bond insurers face combined losses of over $23 billion from bonds they've insured, and should be forced to stop paying dividends.
Ambac Financial Group Inc ...
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Thursday, January 24th, 2008
WASHINGTON, Jan 24 (Reuters) - The loan limit U.S. mortgage funders Fannie Mae FNM.N and Freddie Mac FRE.N can finance will be raised to $625,000 from the current $417,000 in an economic stimulus package now being put together by lawmakers, sources familiar with the negotiations said on Thursday.
While ...
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Thursday, January 24th, 2008
Washington - Following months of conjecture and anticipation, federal regulators could be on the verge of approving XM Satellite Radio's (NASD: XMSR) merger with rival Sirius (NASD: SIRI), according to a published report. Briefing.com on Wednesday cited an unnamed source in reporting that the merger "could receive approval from DOJ ...
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Thursday, January 24th, 2008
Compromise could shift dollars to low-income earners, while denying checks to those earning more than $75,000 a year.
NEW YORK (CNNMoney.com) -- Congressional leaders and Bush administration officials have reached a deal on an economic stimulus package that would send checks to most taxpayers in an effort to keep the economy ...
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Wednesday, January 23rd, 2008
NEW YORK - Shares of online auctioneer eBay Inc. bucked a decline among major online stocks Wednesday ahead of its fourth-quarter report, as a Stifel Nicolaus & Co. analyst called the stock his "best short-term idea."
EBay shares rose 58 cents, or 2.1 percent, to $27.71 in midday trading.
The stock hit ...
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