Toshiba Sells New Stock in Biggest Non-Bank Offering Since 2001
By Mariko Yasu May 27 (Bloomberg) — Toshiba Corp. raised 289.7 billion yen ($3.04 billion) in Japan’s biggest sale of new shares by a non-financial company in eight years.
UAW agrees to new GM deal
Union agrees with change in funding for retiree health care, one of key obstacles GM needed to clear to avoid bankruptcy. But other hurdles remain.
US FDIC to open new office to handle bank closings
WASHINGTON, May 8 (Reuters) – The Federal Deposit Insurance Corp said on Friday it will open up an additional East Coast office to deal with failed banks.
New Home Sales Fell 0.6 Percent in March
After surging unexpectedly in February, new homes sales declined slightly last month, while prices continued to tumble.
GM draws $2 bln in new aid, US works on Chrysler deal
By David Lawder and John Crawley WASHINGTON (Reuters) – General Motors Corp drew another $2 billion in government aid on Friday, but the Treasury Department has not extended any new money yet to Chrysler LLC, which could be pushed into bankruptcy next …
Initial jobless claims rise; continuing claims hit new record
By Ruth Mantell, MarketWatch WASHINGTON (MarketWatch) — The Labor Department reported Thursday that first-time claims for state unemployment benefits rose in the most recent week, as ongoing claims reached yet another record high.
EU approves new rating agencies rules
By AOIFE WHITE The European Union on Thursday approved new rules creating European oversight for credit rating agencies that have taken some of the blame for the financial crisis by rating bad debt as good.
US to give GM $5B, Chrysler $500M in new aid
The best of today’s automotive news, reviews and commentary — as well as the cool and weird — from Freep.com and other Web sites.
Mortgage industry changes throw new hurdles in borrowers’ way
Fannie Mae and Freddie Mac are tacking on extra fees for many loan applicants, while some lenders are going even further in tightening underwriting rules.
The New Internet Start-Up Boom: Get Rich Slow
It’s time to stop whining. The economy might be melting down like a pat of butter on a hot Hummer roof, but for some people — you, maybe? — this could be a very good thing ….