Archive for the ‘Business Stories’ Category
Top Republican questions GM/administration over TARP funds used to pay back loans
By Mark Kleis A top Senate Republican, Charles Grassley, questioned the Obama Administration regarding the recent announcement by General Motors that all federal loans had been repaid. Grassley believes that the loans were in fact paid back with other federal bailout funds – not from profits due to the operation of the automaker. GM announced on […]
In: Business Stories · Tagged with: Automaker, Bailout, Canadian Government, Charles Grassley, Escrow Account, Federal Loans, Fox News, Gm Administration, Government Loans, Joe Biden, President Joe, Republican Senator, Securities And Exchange Commission, Senate Finance Committee, Senate Republican, Senator Charles Grassley, Taxpayer Funds, Timothy Geithner, Treasury Secretary, True Status
U.S. Set To Make $8 Billion From Bailing Out Citi by David Cho Washington Post Staff Writer
Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources. At today’s […]
In: Business Stories · Tagged with: Bailout, Banking System, Brink Of Collapse, Citigroup, David Cho, Federal Sources, Final Preparations, Financial Indust, Financial Panic, Goldman Sachs, Industry Officials, J P Morgan, J P Morgan Chase, Morgan Stanley, Nippon Telegraph And Telephone, Reuters, Treasury Department, Troubled Assets, Washington Post, Windfall
Ford’s Alan Mulally receives million dollar raise for 2009 by MARK KLEIS
Ford’s CEO, Alan Mulally, who is often credited for the automaker’s recent turnaround, received a raise of nearly six percent to a total compensation package of $17.9 million for his effort in 2009. Ford posted a $2.7 billion profit for 2009 – the first annual profit in four years. In 2009 Alan Mulally earned just […]
In: Business Stories · Tagged with: Alan Mulally, Automaker, Board Determines That, Cash Bonus, Compensation Package, Concessions, Ford Motor, Ford Motor Company, Global Basis, Kleis, Labor Unions, Media Coverage, Own Accord, Performance Stock, Product Performance, Profitability, Reuters, Share Increases, William Clay Ford, William Clay Ford Jr
