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Medical-devices company Boston Scientific has posted a third-quarter profit, returning to profitability from a quarterly loss a year ago. However, Boston Scientific posted a growth in sales that was less than Wall Street expected as the market for he...
At a time when a withering recession and the shadow of the financial meltdown weigh on America’s economy, it seems almost implausible that the initial public offering market is doing exceedingly well. However, a report released today by Pricewa...
According to the Congressional Oversight Panel in its monthly report, the TARP fund may need to infuse more capital into regional and other smaller banks in order to deal with troubled loans. The panel recommends that anywhere from $12 billion to $14...
It is no secret that we are in the middle of a fierce recession, one that the Federal Reserve has tried to combat by blitzing it with a variety of tools. One of these has been to purchase $1.25 trillion in troubled mortgages and $300 billion in gover...
Following a massive second-quarter loss of $1.6 billion, Capmark Financial Group, a lender owned by Goldman Sachs and KKR & Co, among other companies, has filed for bankruptcy protection. As of June 30, Capmark had consolidated debt of around $21...
Vice President Joe Biden is expected to visit a closed General Motors plant in Wilmington, Delaware, on Tuesday, where he is expected to announce that same plant’s reopening. According to reports, Biden will also announce that the plant will focus on...
Senator Charles Schumer stated today that he believes that federal credit card legislation set to become law in 2010 should be enacted earlier in order to prevent credit card companies from raising their rates in the present. The senator cited a Pew...
A bitter battle between Disney and the Campaign for a Commercial-Free Childhood has finally ended, with victory seemingly going to the CCFC for finally achieving their goal of getting Baby Einstein products off the market. Anyone who bought a Baby...
In case any small business owners have had any doubt about the president’s priorities when it comes to the economy, President Obama has stated that small businesses are essential the American economy and has noted the problem that small businesses...
