The Editor on April 21st, 2008
Stimulus Would Expand Tax Credit
Obama met with lawmakers to begin selling his stimulus plan as his advisers offered more details, including a proposal to expand the child tax credit for poor families.
(read more)Prosecutors Seek to Jail Madoff
Prosecutors sought to have Madoff jailed, while SEC officials were grilled on Capitol Hill for having repeatedly overlooked signs of his alleged decadeslong fraud.
(read more)Auto Sales Continue to Skid
GM, Toyota and Ford all reported U.S. sales declines of more than 30% for December, capping off a dismal year for the auto industry.
(read more)Apple's Jobs Under Treatment to Gain Weight
Steve Jobs disclosed that a "hormone imbalance" has been causing him to lose weight. The health of the Apple CEO has been a major concern among investors over the past year.
(read more)Microsoft Promotes Server Chief
Microsoft promoted Bob Muglia to president of the company's server and tools business, making him one of four divisional presidents.
(read more)High-Tech Companies Take Up Netbooks
A new breed of low-priced laptops called netbooks have been thriving during the downturn. Many high-tech companies are now scrambling to adapt.
(read more)Construction Spending Exceeds Expectations
Spending on U.S. construction projects is holding up better than expected, but it is likely to falter in the coming months.
(read more)Merrill's Broker Chief Quits BofA
Bob McCann, the head of the brokerage force at Merrill Lynch, plans to leave just days after its acquisition by Bank of America was completed.
(read more)Japanese Firms, Flush With Cash, Step Up Deals
Japan's cash-rich trading companies are on the hunt for bargain acquisitions outside Japan, seizing the opportunity to expand.
(read more)German Leaders Agree to Stimulus
Germany's ruling coalition agreed to the broad outlines of a fiscal-stimulus program valued at as much as $69 billion this year and next.
(read more)Citgo Stops U.S. Oil Gifts
Venezuela-owned Citgo suspended contributions of home heating oil to U.S. poor, a sign that falling oil prices may hamstring Chávez.
(read more)Smart Money Tiptoes Back Into Energy
A pair of deals by investor George Kaiser may signal smart money's return, albeit cautiously, to energy firms.
(read more)Repo Arena Gets a Plan on Penalties
An advisory group recommended a timeline for imposing penalties on those who borrow Treasury securities and fail to return them.
(read more)Frugal Families Aggravate Nation's Economic Woes
As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end.
(read more)Stimulus Would Expand Tax Credit
Obama met with lawmakers to begin selling his stimulus plan as his advisers offered more details, including a proposal to expand the child tax credit for poor families.
(read more)A Happy Lesson on Lending
Lending may have plunged in the last year, but the government is expanding credit in at least one sector: higher education.
(read more)
Leave a Reply