Goldman Sachs Took Biggest Loan During Fed’s Emergency Program

Goldman Sachs

WASHINGTON – Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data released on Wednesday. The details of the lending program were disclosed after a lengthy legal battle eventually won by Bloomberg More...

by Matt | Published 6 years ago
Bank Of America
By Matt On Wednesday, July 6th, 2011
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Bank Of America’s $8.5 Billion Mortgage Settlement Challenged By Bondholders

NEW YORK (Jonathan Stempel) – A group of bondholders plans to challenge Bank of America Corp’s $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other More...

Yankee Stadium
By Matt On Wednesday, July 6th, 2011
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Yankee Stadium ‘Service Fee’ Scheme Now Disclosed To Beer Drinkers

Back in May, a group of beer and food servers at Yankee Stadium sued the concession company they worked for, accusing Legends Hospitality of pocketing their hard-earned tips. Legends — which is co-owned by More...

Domestic Manufacturers
By Matt On Wednesday, July 6th, 2011
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WTO Rules China Unfairly Protected Domestic Manufacturers By Limiting Exports

GENEVA — The World Trade Organization ruled Tuesday that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials that are used widely in steel, aluminum and chemical More...

Bill Clinton  Lower The Corporate Tax Rate For Debt-Ceiling Deal
By Matt On Wednesday, July 6th, 2011
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Bill Clinton: Lower The Corporate Tax Rate For Debt-Ceiling Deal

As the deadline to strike a deal on the debt ceiling draws closer, former president Bill Clinton criticized the nation’s corporate tax rate over the weekend, saying it should be lowered as part of an agreement More...

Philippe Dauman of Viacom
By Matt On Wednesday, July 6th, 2011
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We Knew They Got Raises. But This?

IT turns out that the good times are even better than we thought for American chief executives. A preliminary examination of executive pay in 2010, based on data available as of April 1, found that the paychecks More...

Detroit Auto Companies Struggle With Union Profit-Sharing Idea
By Matt On Wednesday, July 6th, 2011
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Detroit Auto Companies Struggle With Union Profit-Sharing Idea

DETROIT (Bernie Woodall) – Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient More...