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2010-03-14 20:18:00

HOUSTON, March 14 /PRNewswire/ -- Washington Mutual shareholders (Stock Symbols: WAMUQ, WAHUQ, WAMPQ, WAMKQ) and WamuTruth.com staff were shocked to discover on Friday that Brian Rosen, council for WMI, has agreed to a proposed "settlement" with JP Morgan and the FDIC of all outstanding litigation and claims without consultation or discussion with the Official Equity Committee of Washington Mutual. This unprecedented surrender involves giving away all of the company's rightful assets and...

2010-03-05 08:03:00

Now Offering 100% Financing Nationwide VIENNA, Va., March 5 /PRNewswire-USNewswire/ -- Navy Federal Credit Union is pleased to announce $7 billion has been committed to new mortgages for Navy Federal members in 2010, whether they're buying a new home or refinancing. This new commitment follows 2009 mortgage originations of over $6.2 billion, the highest year for new mortgages in Navy Federal's history. Additionally, in light of opportunities in the current market, Navy Federal announces...

2010-01-12 06:00:00

LAS VEGAS, Jan. 12 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) announced today that its board of directors elected Paget L. Alves to serve as a director for the company, pending applicable regulatory approval. Alves, 55, is the President of the Business Markets Group (BMG) for Sprint Nextel, and is responsible for Sprint's sales and marketing to all enterprise and public sector customers. Alves also oversees the development of strategic alliances for Sprint....

2009-09-29 05:00:00

LOS ANGELES, Sept. 29 /PRNewswire-FirstCall/ -- The most recent Executive Quiz results released today by The Korn/Ferry Institute reveal a significant improvement in the overall attitude of global executives about the direction of the economy, but lingering anxiety about labor markets. According to the survey, a substantially higher percentage of executives feel the economy is in recovery. However, the majority of executives say the labor market will lag the financial markets in...

2009-09-28 23:01:00

The best known U.S. market index, Dow Jones industrial average, has a chance to reclaim numerical glory this week, at least symbolically. The Dow took a run at 10,000 points last week but sputtered, slipped -- and basically choked -- 100 points shy of the mark. Abstract or not, it was a touch embarrassing. In the background, White House officials were patting themselves on the back for the market's ability to weather the historic squalls of 2008 year ago. Fed Chairman Ben Bernanke all but...

2009-09-24 09:11:03

U.S. markets wavered Thursday morning after a downturn in the previous trading session prompted by the Federal Reserve Bank. The Fed's announcement Wednesday that it would maintain key lending rates at zero to 0.25 percent triggered a late afternoon drop in U.S. indexes, the Dow Jones industrial average closing 81 points down after spending most of the day in positive territory. In midmorning trading Thursday, the DJIA gained 0.07 percent, 6.88 points, to 9,755.43. The Standard & Poor's...

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2009-09-23 23:01:00

U.S. Treasury Secretary Timothy Geithner warned Washington lawmakers complacency was no friend to regulatory reform, and taking no action was unacceptable. Geithner told members of the House Financial Services Committee time is the enemy of reform, The Washington Post reported Wednesday. As some normalcy returns to our financial system and our economy, we cannot let it be cause for complacency, he said. In Wednesday's exchange -- and in hearings committee Chairman Barney Frank plans to begin...

2009-09-18 15:40:18

U.S. markets advanced Friday after the Federal Reserve said household wealth grew in the second quarter for the first time in nearly two years. The biggest boost to household wealth was a 21.7 percent rise in stock values between April and July, the Fed said. By close, the Dow Jones industrial average added 36.28 points, 0.37 percent, to 9,820.20. The Standard & Poor's 500 added 2.81 points, 0.26 percent, to 1,068.30. The Nasdaq composite index rose 0.29 percent, 6.11 points, to...

2009-09-18 07:12:08

Financial regulators in Washington appear close to a pay policy that could put them deep into banks' boardrooms, and have also proposed a ban on flash trading. Using logic that extends the idea that its role is to keep financial firms from stumbling, the U.S. Federal Reserve is working on a policy that would allow it to review the rationale, if not exactly the level of pay, that bank boardrooms use in deciding compensation packages, The Wall Street Journal reported Friday. The proposal taking...

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2009-09-16 07:18:54

Global markets were given mixed messages Wednesday, but headed up, cheered by the U.S. Federal Reserve chairman's assessment of the recession winding down. Technically, a recession is two consecutive quarters of negative growth, but one quarter of positive growth is enough to call a halt to one. In prepared remarks Tuesday, Fed Chairman Ben Bernanke said the financial crisis sparked a deep global recession, from which we are only now beginning to emerge. Later, in a question-and-answer...


Word of the Day
snash
  • To talk saucily.
  • Insolent, opprobrious language; impertinent abuse.
This word is Scots in origin and probably imitative.