Federal Deposit Insurance Corp. Chairman Sheila Bair lauded the progress of the agency's liquidity guarantee Thursday, warned the industry not to expect a long-term bailout, and urged banks to focus on keeping the faith of their customers. "The ...
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A state report this week that estimated it would cost $10 billion to clean up radioactive waste on a site in Western New York should be a sobering reminder that the United States has a long, long way to go before it truly achieves safe nuclear power ...
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Ford's U.S. light vehicle sales tumbled 31 percent in November, while Toyota's plunged 34 percent and Honda's dropped 32 percent, dashing hopes that the industrywide drop in vehicle demand might be easing as Detroit's automakers prepare to state ...
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The military-industrial complex (MIC) was always the most technologically advanced branch of Soviet industry; it manufactured products that were not merely competitive on foreign markets but were often superior to their Western counterparts. It ...
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WASHINGTON — Humbled and fighting for survival, Detroit’s once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a ...
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(NYSE: AVA) has closed on a $200 million, 364-day line of credit, which expires on Nov. 24, 2009. The credit facility is with a group of banks, including Union Bank of California, N.A., as administrative agent, Wells Fargo Bank, National Association ...
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The Big Three are looking for $25 billion USD from the federal government in order to keep afloat for the foreseeable future. The Detroit auto giants were chastised for coming before Congress without a well thought out plan for recovery and arriving ...
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