Search results for

The Obama administration's plan to wipe toxic assets off bank balance sheets seems to be winning some early support from investors — including some of the big private investors whose support will be critical to its success.

Sen. Dodd came out swinging over the weekend after a week of attacks that criticized him for voting for an amendment to the stimulus plan that allowed the AIG bonuses. Other senators cast the same vote — so why is Dodd the target?

President Barack Obama's choice to lead the National Intelligence Council has withdrawn his agreement to serve in that position. Chas Freeman, a veteran diplomat, had come under fire for statements he has made in the past about China and Israel.

Amid prospects of a prolonged economic downturn, startup companies are having far more trouble finding cash. In the first three quarters of 2008, only six venture-backed companies held initial public offerings, compared with 86 IPOs in 2007.

Bernard Madoff has gone from a $7 million penthouse to a tiny jail cell in Manhattan. Madoff pleaded guilty in federal court Thursday, but implicated no one but himself. Investigators continue to pore over records, trying to figure out, among other things, who helped Madoff engineer the $64 billion fraud that may be the largest in U.S. history. Madoff will be sentenced on June 16.

Dreadful and dismal are some of the words used by economists to describe the U.S. unemployment numbers for February, a month where another 651,000 jobs were lost. The same words accurately describe the stock market last week, and this year so far for that matter.

President Obama made a surprise visit to Iraq Tuesday, telling U.S. Troops that it was time for Iraqis to take responsibility for their own country. Obama also met with Iraqi Prime Minister Nouri al-Maliki, who later said he assured the president that progress on security will continue.

Leaders of the Group of 20 nations have approved more than $1 trillion of additional resources for the International Monetary Fund and World Bank. They also agreed on a regulatory crackdown that will bring hedge funds and other financial institutions under tighter global supervision.

President Obama held a town hall-style meeting in Strasbourg, France, Friday with 3,000 mostly high school and college students. He answered questions ranging from plans for the economic meltdown to when the Obama family will get their dog.

Leaders of the Group of 20 nations approved more than $1 trillion of additional resources for the International Monetary Fund and World Bank. They also agreed on a regulatory crackdown that will bring hedge funds and other financial institutions under tighter global supervision.