Archive for the ‘Finance News’ Category
A new road and 25 jobs from stimulus cash
A new road and 25 jobs from stimulus cash
When the first stimulus-funded infrastructure contract from the Rhode Island Department of Transportation went up for bid in February, Michael D’Ambra jumped at the opportunity to score a job for his shrinking company.
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The forgotten long-term fiscal problem
The forgotten long-term fiscal problem
The financial crisis has cast a shadow over a perennial debate in Washington: How to ensure the long-term financial health of Social Security.
The Post Office strives to survive
The Post Office strives to survive
If the mail must go through, then it’s going to cost a little more. On Monday, the United States Postal Service hiked up the price of stamps, as well as other delivery services.
Obama wins business support for health care reform
Obama wins business support for health care reform
President Obama will announce Monday that it has secured the commitment of several industry groups to do their part to rein in the growth in health care costs.
Obama pushes credit card crackdown
Obama pushes credit card crackdown
Read full story for latest details.
Capital race is on for banks
Capital race is on for banks
The race to raise capital among banks has begun.
Source: Capital race is on for banks
More muscle in fraud fight
More muscle in fraud fight
In a move that received little notice, Congress this week sent to President Obama a bill to appropriate $532 million to investigate mortgage and securities fraud.
Source: More muscle in fraud fight
Big banks to the feds: Thanks but no thanks
Big banks to the feds: Thanks but no thanks
Now that the stress tests are over, the big banks can’t emphasize enough that they don’t need any more help from the government.
NY Fed chair quits over Goldman role
NY Fed chair quits over Goldman role
The chairman of the Federal Reserve Bank of New York resigned Thursday, days after coming under attack for his continuing involvement in a company regulated by the institution.
Stress test results: Banks must raise $75 billion
Stress test results: Banks must raise $75 billion
Ten of the nation’s 19 largest banks will need to raise a total of $74.6 billion in capital, federal officials announced Thursday, bringing an end to relentless speculation about how much more money the nation’s leading banks would need to withstand the recession.
