The dollar rose slightly in Asia Thursday as traders waited for a speech by US president-elect Barack Obama on his plans to rescue the troubled US economy, dealers said. They said the market was also bracing for an expected interest rate cut by the Bank of England (BoE) later in the day. The dollar gained ...
GM’s auto finance affiliate is open to more customers but the deals may not be so sweet. Now that it has received $6 billion in aid from the federal government, GMAC, General Motors’ auto financing affiliate, is easing up its terms for writing new auto loans. That means you could have an easier time financing ...
We’re mired in the grizzliest bear market in decades. But the good news is that stocks have been marked down to holiday-sale levels. Here are ten stocks we think are poised for strong returns in 2009 and beyond. Altria Annaly Capital Management Dell Devon Energy Diamond Offshore Fluor Johnson & Johnson Medco Health Solutions Pfizer ...
New York private-equity firm Dune Capital Management L.P. has emerged as a potential buyer of the failed IndyMac Bank, according to people familiar with the situation. An announcement could come as soon as Monday. The new owner is expected to have a federal thrift charter, someone familiar with the matter said. Founded in 2004, Dune ...
Banks entice consumers to deposit more money by boosting the yields on the certificates of deposit (CDs) they offer. But the 0.75 percentage point cut by the Federal Reserve will undoubtedly limit how high banks are willing to go with the yields they offer. CD rates have fallen steadily since the economy took a downturn ...