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Oct. 8 (Bloomberg) -- The U.K. government may need to increase borrowing by 50 billion pounds ($87.6 billion) to fund its bank rescue plan, limiting the scope for tax cuts and extra spending to spur the economy as it slips into a recession. The ...
Read more...It adds up quickly, doesn't it? A car repair, new refrigerator, a couple of wedding gifts, flowers for a friend's birthday, a celebration dinner for you and your spouse, a little paint and carpeting to spruce up a room, a weekend getaway, tickets to ...
Read more...AFTER lurching robotically into their worst crisis in more than three-quarters of a century, the fundamental weakness of banks in America and Europe has now become horribly clear. With funding markets frozen and American plans to remove toxic assets ...
Read more...WITH global financial markets in turmoil and fears of worse to come, it can be hard to make sense of what's going on. Read on for help. A: Most economists are predicting further cuts in interest rates, albeit in smaller chunks than this week's 100 ...
Read more...MCKENNEY, Va., Oct. 10, 2008 (GLOBE NEWSWIRE) -- Bank of McKenney (Nasdaq:BOMK) today announced third quarter earnings of $305,000, only a slight decrease of 1.61% over 2007 third quarter earnings of $310,000 and continuing to demonstrate a ...
Read more...The McCain mortgage bailout mystery thickens. Even though a good case can be made that the plan is a repackaging of earlier Democratic efforts to get aid to homeowners, the Obama campaign is opposing it: John McCain wants the government to massively ...
Read more...As we hurtle towards tonight's debate, we don't know whether John McCain will launch the character-based attacks that he and his running mate have been spewing from the campaign trail this week. We don't know how many times he will pledge to cut ...
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