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BRUSSELS (AP) — The head of the International Monetary Fund says she wants the fund to contribute euro28 billion ($36.7 billion) to a euro130 billion bailout for Greece. Christine Lagarde said Friday that “the scale and length of the fund’s support is a reflection of our determination to remain engaged” in helping Greece. The euro28 [...] [...]
BRUSSELS (AP) — The head of the International Monetary Fund says she wants the fund to contribute euro28 billion ($36.7 billion) to a euro130 billion bailout for Greece. Christine Lagarde said Friday that “the scale and length of the fund’s support is a reflection of our determination to remain engaged” in helping Greece. The euro28 [...] [...]
Lehman Brothers’ bankruptcy has already generated nearly $1.6 billion in fees for lawyers and consultants to the defunct bank.NEW YORK (CNNMoney) — Lehman Brothers’ bankruptcy is the largest in history, and it’s also been the most lucrative one for lawyers and consultants. The defunct bank’s bill: nearly $1.6 billion. That tally comes from the latest [...] [...]
The Congressional Budget Office (CBO) is obligated to review and “score” the financial consequences of any proposed legislation. It came out with a report on H.R. 4105. The title page of the Bill: This legislation is about tariffs on China. The CBO concluded that the US Treasury will collect $160 billion over the next ten [...] [...]
By Nidhi Verma and Anurag KotokyNEW DELHI | Fri Feb 17, 2012 8:26pm IST NEW DELHI (Reuters) – Essar Oil(ESRO.NS), the second biggest Indian client of Iranian oil, will continue to buy 100,000 barrels per day from the Islamic country in the next fiscal year starting April 1 for its Vadinar refinery in the western [...] [...]
NEW YORK — Earlier than ever store openings and steep discounts helped retailers notch record sales this Black Friday weekend, according to early reports. Total spending over the four-day weekend following Thanksgiving reached a record $52.4 billion, up 16% from $45 billion last year, according to a survey by the National Retail Federation released Sunday.A [...] [...]
Will Congress act on the budget before key programs expire?NEW YORK (CNNMoney) — Debt reduction may be consuming Capitol Hill these days, but lawmakers have a number of pricey budget decisions to make before the year’s out.Unless Congress steps in, come January payments to Medicare doctors will be slashed by nearly 30%. Workers’ payroll tax [...] [...]
Boeing signs its biggest contract ever to supply Emirates Airlines with 50 aircraft, with options for another 20.NEW YORK (CNNMoney) — Boeing and Emirates Airlines have signed an $18 billion deal — the largest deal in the aircraft manufacturer’s history — to supply the airline with 50 aircraft, with options to expand the deal even [...] [...]
TOKYO—The Japanese government and ruling party agreed plans on Tuesday to spend 12 trillion yen ($156 billion) through the forthcoming new stimulus package and to rely less on tax increases than initially envisioned to cover the cost of post-quake reconstruction. The administration and the Democratic Party of Japan will now take the plans to the [...] [...]
Bank of America is facing a $50 billion lawsuit that might prompt a big settlement.According to Dealbook, a group of shareholders backed by some of the biggest class-action law firms is suing Bank of America for $50 billion, claiming the firm and its top execs committed securities fraud related to BofA’s December 2008 acquisition of [...] [...]
Image: APIn the latest twist in the ongoing saga of Frank McCourt and his ownership of the Los Angeles Dodgers, Bill Burke may have offered to buy the team for $1.2 billion. But according to the report in the LA Times, there is skepticism within Major League Baseball as to whether the offer is legitimate [...] [...]
Pharmacy benefits manager Express Scripts is buying Medco in a $29 billion deal.NEW YORK (CNNMoney) — While a multi-billion dollar merger of Express Scripts and Medco is far from a done deal, analysts say it could potentially save money for consumers if it is approved by regulators.“The hope for consumers, which is the case that [...] [...]
As government wraps up auto bailouts, Treasury says it likely lost $1.3 billion on Chrysler deal.NEW YORK (CNNMoney) — U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto [...] [...]
* $71.36/share deal is 28 pct premium on Medco shares * Express CEO Paz to lead combined company * Medco holders to retain 41 pct of combined company * Deal seen closing in first half of 2012 * Medco shares up 22 pct, Express rises 6.1 pct (Adds analyst comments, details from deal, shares, byline) [...] [...]
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