Monthly archives for September, 2010
UPDATE – AIG, U.S. agree on plan to pay back taxpayers
[at Reuters] – * Treasury to exchange AIG pfd for 1.7 bln common shares * AIG to repay $20 billion Fed loan * Share exchange, loan repayment to be done by end of Q1
A.I.G. and U.S. Government Agree on Exit Plan
[at New York Times] – The plan would see the New York Fed getting paid and the Treasury Department converting $49.1 billion of preferred stock into 1.66 billion common shares, A.I.G. said.
Economic Report: U.S. jobless claims drop 16,000 to 453,000
[at MarketWatch] – New filings for unemployment compensation fall 16,000 to 453,000 in the latest week, but claims remain at levels that indicate a weak jobs market.
Jobless Claims Better Than Expected
[at TheStreet.com] – The jobless claims numbers came out better-than-expected for the week ended Sept. 25.
Economic Report: U.S. second-quarter growth slows to 1.7%
[at MarketWatch] – U.S. economic growth slowed to an annual rate of 1.7% in the second quarter, compared with 3.7% in the first quarter, the Commerce Department said Thursday, reporting a slight upward revision to a prior second-quarter estimate.
Two Are Confirmed for Fed s Board
[at New York Times] – The Senate on Wednesday night confirmed Janet L. Yellen as vice chairwoman of the Federal Reserve and Sarah Bloom Raskin as a Fed governor, adding two officials to the Fed s board as it faces a decision on whether to take new steps to stimulate the economy.
Anglo Irish Bailout Could Cost $46B
[at TheStreet.com] – Anglo Irish Bank s bailout could cost €34 billion under a worst-case scenario, the Central Bank of Ireland said Thursday.
Two Are Confirmed for Fed’s Board
[at New York Times] – The Senate unanimously confirmed Janet L. Yellen as vice chairwoman and Sarah Bloom Raskin as a Fed governor.