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Last updated on April 19, 2014 at 13:20 EDT

Latest Troubled Asset Relief Program Stories

2014-02-06 08:20:51

- Fourth quarter 2013 net income of $104 million, impacted by charge related to CFPB/DOJ settlement NEW YORK, Feb. 6, 2014 /PRNewswire/ -- Ally Financial Inc. (Ally) today reported net income of $104 million for the fourth quarter of 2013, compared to net income of $91 million in the prior quarter and net income of $1.4 billion for the fourth quarter of 2012. The company reported core pre-tax income of $142 million in the fourth quarter of 2013, compared to core pre-tax income of $269 million...

2013-08-20 08:21:33

Additional capital supports CCAR resubmission and U.S. Treasury repayment plans DETROIT, Aug. 20, 2013 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced transactions that will further strengthen the company's common equity base in support of its Comprehensive Capital Analysis and Review (CCAR) resubmission and advance its plans to repay the remaining investment to the U.S. taxpayer. Ally entered into agreements with certain investors providing for a private placement of...

2013-01-03 00:20:06

DAVIE, Fla., Jan. 2, 2013 /PRNewswire-iReach/ -- As Washington took last minute action to avoid the so-called 'Fiscal Cliff', businesses are changing their outlook for the next year. Avoiding the Cliff means that the Bush Tax Cuts will remain in place for 98% of Americans. The Cliff, an artifice manufactured by Congress to force action on the budget, would have raised taxed and cut federal spending across the board. By putting a deal together at the 11(th) hour, Congress was able to avert...

2012-08-08 02:28:02

XIANYANG, China, Aug. 8, 2012 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (NASDAQ GM: BSPM) ("Biostar" or "the Company"), a PRC-based manufacturer and marketer of pharmaceutical and health supplement products in China for a variety of diseases and conditions, today announced that it will establish a call center as its new business to customer ("B2C") sales platform. Within the next 30 days, the Company will open, staff and equip a call center in Xianyang....

2012-08-07 02:24:48

TAMPA, Fla., Aug. 7, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (OTCBB: MNGA), the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that the Company has entered into an agreement with Scrappy Thomas, Inc. ("Scrappy Thomas") to provide MagneGas(TM) fuel for metal cutting. MagneGas will ship the fuel from its Tarpon Springs, FL headquarters to Scrappy Thomas's facilities in...

2012-07-31 02:31:43

LAKE FOREST, Calif., July 31, 2012 /PRNewswire/ -- Comarco, Inc. (OTC: CMRO.PK), announced today that, on Friday, July 27, 2012, it entered into a combined debt and equity financing transaction with its largest shareholder, Broadwood Partners, L.P. ("Broadwood"). Pursuant to this transaction, Broadwood has made a $2.0 million six month secured loan to the Company (the "Bridge Loan") to provide us with near term liquidity. Broadwood also entered into a stock purchase agreement (the "Stock...

2012-04-25 06:23:28

RIYADH, Saudi Arabia, April 25, 2012 /PRNewswire/ -- For the first time, data on the total foreign assets and liabilities of all components of the Saudi economy (government, companies and individuals) has been published. It shows that their combined foreign assets grew rapidly in recent years to stand at $707 billion at the end of 2010. With Saudi entities and individuals owing $213 billion to foreigners, total net foreign assets stood at $494 billion at the end of 2010. We...

2012-04-03 10:23:48

XIANYANG, China, April 3, 2012 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (NASDAQ GM: BSPM) ("Biostar" or "the Company"), a PRC-based developer, manufacturer and marketer of pharmaceutical and health supplement products in China for a variety of diseases and conditions, today announced that its Board of Directors unanimously approved a reverse split of its common stock at a ratio of 1-for-3, with anticipated trading on the post-split basis on NASDAQ commencing at the open of...

2012-04-02 02:29:49

WASHINGTON, April 2, 2012 /PRNewswire/ -- Today Sara Hanks, securities attorney and cofounder of CrowdCheck, applauded the JOBS Act for expanding crowdfunding investments to for-profit businesses, but cautioned that entrepreneurs and investors must be vigilant against possible fraud in the marketplace. President Obama is expected to sign the legislation into law soon. Hanks, the former general counsel for the Congressional Oversight Committee for TARP that monitored the federal banking...

2012-03-29 06:21:55

TARPON SPRINGS, Fla., March 29, 2012 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (OTC BB: MNGA), the producer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, announced today that it has entered into a definitive agreement with investors to sell in a private placement an aggregate 19,412,500 shares of its common stock and warrants to purchase 9,706,250 shares of its common stock at a purchase price of $0.20...