thestatedtruth.com | November 3, 2009
Berkshire Buys Burlington Northern Santa Fe Railway By Andrew Frye Nov. 3 (Bloomberg) — Warren Buffett’sBerkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States.†The purchase, the largest ever for Berkshire, will cost the company $26 billion, or […]
thestatedtruth.com | November 2, 2009
Gene Inger’s Daily Briefing . . . for Tuesday November 3, 2009: Â Â A waterfall decline . . . Â Possibly the prospect of a heavier decline looming (irrespective of this technical fight, as well as psychological holding action purportedly merely awaiting the Fed decisions on Wednesday, which is actually what this is not primarily […]
thestatedtruth.com | November 2, 2009
thestatedtruth.com | November 1, 2009
Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors By Craig Torres and Ian Katz Oct. 31 (Bloomberg) — The chief executive officers of 28 of the largest U.S. banks have been summoned to meet with supervisors at Federal Reserve banks to discuss new rules on compensation, said a person familiar with […]
thestatedtruth.com | November 1, 2009
China’s Recovery Strengthens, Adding Room for Stimulus Cuts By Bloomberg News Nov. 2 (Bloomberg) — Chinese manufacturing data for October showed the nation’s economic recovery is strengthening, giving policy makers more room to pare stimulus measures in coming months. The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months, […]
thestatedtruth.com | November 1, 2009
Geithner Urges Banks to Resume Lending, Help Recovery By Alison Fitzgerald Nov. 1 (Bloomberg) — U.S. Treasury Secretary Timothy Geithner said the country’s economic recovery and job creation hinge on banks taking more risk and restoring the flow of credit to businesses. “The big risk we face now is that banks are going to overcorrect […]
thestatedtruth.com | November 1, 2009
CIT Group Seeks Bankruptcy Protection After Bailout By Tiffany Kary, Dawn McCarty and Lester Pimentel Nov. 1 (Bloomberg) — CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout failed. New York-based CIT listed $71 billion in […]
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