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GM plans to start govt loan repayment later this yr: report16-NOV-09
General Motors is planning to start the repayment of a $6.7 billion loan it received from the US government later this year, says a media report.
Citigroup posts $101 mn Q3 profits; credit loss at $8 bn15-OCT-09
Banking behemoth Citigroup has posted profits of $101 million for the third quarter, even as the partially US government-owned entity saw its credit losses remain at high levels.
Citigroup mulls over plan to reduce US govt's stake: Report15-SEP-09
Top Citigroup executives are mulling a multi billion-dollar stock offering as the financial services provider intends to raise capital, reducing the US government's 34 per cent stake in the firm, media report says.
Gold trading near six-month highs07-SEP-09
Gold was little changed, trading near a six-month high in New York as the dollar weakened, boosting the appeal of the metal as an alternative asset. Silver declined from a 13-month high. Gold futures, after reaching $999.50, the highest price since February 23, posted the biggest weekly gain since April.
'Bill Clinton did not carry any message on behalf of US govt'07-AUG-09
Former President Bill Clinton did not carry any message on behalf of US Government to the North Korean regime, the Obama Administration clarified today.
'We have support of US govt, unions on Asarco'19-JUL-09
NRI billionaire Anil Agarwal-led Vedanta Resources today said it will not offer more than the already announced $1.87 billion to buy bankrupt American miner Asarco but is confident that it can clinch the deal with the support of the US government and the trade unions.
General Motors exits bankruptcy10-JUL-09
General Motors today steered out of bankruptcy and the restructured firm came into existence with the promise of launching a fresh lineup of cars under its core brands Chevrolet, Cadillac, Buick and GMC.
AIG seeks US govt nod for bonuses: report10-JUL-09
Insurance giant AIG is to pay millions of dollars more in executive bonuses, despite a firestorm earlier this year over the issue, and is seeking government blessing to deflect public wrath, The Washington Post said today.
Google's book deal under US scanner03-JUL-09
The US government has initiated an anti-trust investigation into the proposed $125 million-deal between Google and book publishers related to copyright issues.
Citi starts conversion of stocks worth $58 bn10-JUN-09
Financial services behemoth Citigroup has started the conversion of preferred securities worth $58 billion into common shares, a move that will also make the US government the largest stakeholder in the entity.
Morgan Stanley to raise $2.2 bn02-JUN-09
Financial services firm Morgan Stanley today said it will raise $2.2 billion through the sale of stocks, as part of its efforts to repay the loans received from the US government.
Asian markets end in green; Hang Seng moves up29-MAY-09
Asian markets ended in the green today.
Citi looks to save $1 bn in technology costs: report22-MAY-09
Banking behemoth Citigroup is looking at ways to cut down on technology costs and save over $1 billion this year by integrating hundreds of systems, says a media report.
Lockheed, Boeing at risk as US govt shifts priorities06-APR-09
Lockheed Martin Corp’s F-22 fighter jet and Boeing Co’s Future Combat Systems are among programmes at risk as the Obama administration begins to close the “spigot of defence spending” that opened with the 2001 terror attacks.
Citigroup reaches aid deal with US govt27-FEB-09
Citigroup says it has reached a deal that will give the US government up to a 40 per cent stake in the struggling bank.
  
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