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04 Nov 2009 12:12
, Nov 04 15:07, Nov 04 20:07, Nov 05 05:07Fed Retains Its Pledge to Keep Interest Rates Down for `Extended Period' The Federal Reserve restated its intention to keep interest rates “exceptionally low” for “an extended period” as long as inflation expectations are stable and unemployment fails to decline.
Treasury 10-Year Yield Jumps After Fed Policy Makers Say Economy Improving Treasuries fell for a third day after Federal Reserve officials said they’re more optimistic about the economic outlook at the conclusion of today’s policy meeting.
Berkshire Hathaway AAA Rating May Be Cut by S&P After Burlington Takeover Warren Buffett’s Berkshire Hathaway Inc. is more likely to be stripped of its AAA rating by Standard & Poor’s after the company agreed yesterday to pay $26 billion to acquire railroad Burlington Northern Santa Fe Corp.
Mathews Said to Plan Commodity Hedge Fund After 12 Years With Tudor Jones Steve Mathews, former head of commodities research and fund manager at Tudor Investment Corp., plans to start a commodity hedge fund as investor appetite for risk returns.
Build America Bonds Program May Be Extended, Treasury Nominee Mundaca Says A nominee for a senior U.S. Treasury Department position said the Obama administration may seek to extend interest-subsidized Build America Bonds, calling the venture an “extraordinarily successful program.”
GMAC Draws Criticism After Ending Public Reports on ResCap to Save Money GMAC Inc., the auto and mortgage lender that counts the U.S. government as its largest stakeholder, drew criticism from analysts after halting public filings of quarterly results for its Residential Capital LLC unit.
Homebuyer Tax Credit, Jobless Benefits Extension May Pass in Senate Today The U.S. Senate may approve as early as today a $45 billion plan to expand a tax credit for first- time homebuyers, extend jobless benefits and provide tax refunds to money-losing companies.
Voters in U.S. Split on Gay Marriage, Approve Casinos, Preservation Bonds Maine voters overturned a law that extended marriage rights to same-sex couples, while a ballot measure to uphold those benefits in Washington was ahead with half the vote counted. New Jersey approved borrowing $400 million for land preservation and Ohio voted to allow casinos.
Suspected CIA Agents Convicted by Milan Court of Cleric's 2003 Kidnapping Twenty-two suspected CIA agents and an American military official were convicted by an Italian judge for kidnapping a Muslim cleric in the first court case challenging the U.S. policy known as extraordinary rendition.
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