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Oct. 14 (Bloomberg) -- Treasury Secretary Henry Paulson urged banks getting $250 billion of taxpayer funds to channel the money to customers quickly to halt a credit freeze that's threatening to bankrupt companies and hammer the job market.
Oct. 14 (Bloomberg) -- The U.K.'s FTSE 100 Index staged its biggest two-day rally since at least 1984 after the U.S. injected $250 billion into banks.
A man with more than 30 years of experience in Congress or one with about six?
NEW YORK - Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.
Former South African president F.W. de Klerk spoke at OU Monday about reforming South African politics, working with Nelson Mandela and the global role of the U.S. today.
A report suggests that Google and Yahoo are trying to preempt any formal legal action by the US Department of Justice. The companies may be negotiating an agreement that would set limits on the companies' joint advertising agreement. Read More...
WASHINGTON -(Dow Jones)- As lawmakers ramp up calls for a new round of economic stimulus, the White House said Tuesday that implementing the $700 billion market-rescue package is the best way to revive flagging growth.
President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it."
WASHINGTON -(Dow Jones)- The U.S. Commodity Futures Trading Commission told lawmakers Tuesday that centralized clearing is one immediate way to mitigate the risks surrounding over-the-counter derivatives, including credit-default swaps.
(RTTNews) - Lagging in the polls a day before the final presidential debate, Republican candidate John McCain is outlining a plan aimed at limiting the impact of the recent financial turmoil on average Americans.
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