Daily News Channel
China has picked a strange time to lay down a marker in defense of economic nationalism — and an even stranger industry in which to do it. Amid a global recession, with Beijing’s state-owned companies fanning out across the globe trying to invest in or buy foreign producers of minerals, precious metals, oil and gas, China’s Ministry of Commerce on March 18 formally blocked what would have been the largest acquisition by a foreign company in China, a $2.4 billion deal
Jeremy Burgess likes the location and layout of the three-bedroom, one-and-a-half bath home in the Grandmont neighborhood of Detroit, Michigan.
Get ready for the Toxic Asset Loan Factory. TALF, the U.S
On the March 9 edition of CNBC’s Squawk Box, Becky Quick was interviewing Berkshire Hathaway CEO Warren Buffett when the Oracle of Omaha expressed support for the Obama Administration’s mortgage bailout. “Becky,” co-host Joe Kernen broke in, “tell Warren you’re mad that you’ve done all the right things and all these other people are going to get bailed out.” Buffett replied, “There’s nothing wrong with being mad, Joe.
Neither the on-the-field fame nor the off-the-field notoriety of former Atlanta Falcons quarterback Michael Vick was enough to spark a bidding war for his suburban Atlanta mansion Tuesday. The multimillion-dollar home in Duluth was on the auction block Tuesday, but just three real estate agents showed up — and one of them, Lance Hempen of Funari Realty, was a listing agent who had no clients interested in the property. No one offered a bid, so the auction ended before it began
At a time when the U.S. Postal Service says it is experiencing a financial crisis, it purchased a $1.2 million home from an employee so he could relocate, a CNN investigation has found.
It’s ugly, but it’s true: when a Washington power player looks set to fall, the capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he came before the House Ways and Means committee to testify Tuesday. It was his first major public appearance since his less than inspiring rollout Feb.
Matthew Baron is one of those gizmo guys, the kind who covets all toys new and shiny.
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.