SYDNEY, Dec 2 (Reuters) - Australian shares fell 4.2 percent on Tuesday, led down by resource giants BHP Billiton Ltd and Rio Tinto Ltd on concerns demand for metals could fall sharply due to a global economic downturn. Australia's ...
Read more...
OLDWICK, N.J. - (Business Wire) Asia’s insurance companies are expected to avoid major liquidity problems stemming from the global financial crisis, but investment income will decrease as interest rates fall in the medium term, and companies will ...
Read more...
Nov. 26 (Bloomberg) -- JPMorgan Chase & Co. and Morgan Stanley led $17.25 billion in sales of bonds from banks this week, after the U.S. strengthened its promise to guarantee their debt. JPMorgan, the biggest U.S. bank by assets, sold $6.5 billion of ...
Read more...
Nov. 25 (Bloomberg) -- Goldman Sachs Group Inc. plans to sell $5 billion of notes backed by the government, while Morgan Stanley and JPMorgan Chase & Co. are preparing offerings, as banks take advantage of a new U.S. program to guarantee debt. The ...
Read more...
Anticipation of a rough economy next year is forcing DuPage County officials to shuffle spending in the 2009 budget. In response to sales tax revenues that have dropped about 5 percent since August, County Board Chairman Bob Schillerstrom wants to ...
Read more...
WASHINGTON (AP) - New jobless claims fell more than expected last week from a 16-year high, the government said Wednesday, though they remain at elevated levels due to the slowing economy. The Labor Department reported that initial requests for ...
Read more...
CB Richard Ellis Group, Inc. (CBRE) today announced its selection as a primary advisor to the Federal Deposit Insurance Corporation (FDIC) for portfolios of Owned Real Estate (ORE) nationwide. The CBRE-led team will be responsible for the management ...
Read more...