Research In Motion Limited (RIM), a world leader in the mobile communications market, today reported third quarter results for the three months ended November 28, 2009 Revenue for the third quarter of fiscal 2010 was $3.92 billion, up 11% from $3.53 billion in the previous quarter and up 41% from $2.78 billion in the same quarter of last year. More>>
NIKE, Inc. Reports Fiscal 2010 Second Quarter Results
Select Second Quarter Results:
Best Buy Announces Regular Quarterly Cash Dividend
The board of directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of 14 cents per common share.
FDIC Board Finalizes Regulatory Capital Rule for Statements of Financial Accounting Standards
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today finalized the regulatory capital rule related to the Financial Accounting Standards Board's adoption of Statements of Financial Accounting Standards Nos. 166 and 167.
Kraft Foods Inc. ('Kraft Foods') Statement Regarding Cadbury PLC ('Cadbury') and U.S. Competition Clearance
FDIC Board Approves Advanced Notice of Proposed Rulemaking Regarding Safe Harbor Protection for Securitzations
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved an Advanced Notice of Proposed Rulemaking (ANPR) Regarding Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution In Connection With a Securitization or Participation.
Bank of America Completes Repayment of TARP
CHARLOTTE, N.C., Dec 09, 2009 /PRNewswire via COMTEX/ -- Bank of America today sent the U.S. Treasury $45 billion to repay the U.S. taxpayers' entire investment in the company as part of the Troubled Asset Relief Program (TARP)
Boeing Board Approves Quarterly Dividend of 42 Cents a Share
Chairman, President and Chief Executive Officer Jim McNerney reports that the board of directors today declared a regular quarterly dividend of forty-two (42) cents per share.
The dividend is payable March 5, 2010 to shareholders of record as of Feb. 5, 2010.
Bank of America to Repay Entire $45 Billion in TARP to U.S. Taxpayers
Company to Increase Capital, Enhancing Tier 1 Common Capital Ratio
Bank of America today announced that it will repay U.S. taxpayers their entire $45 billion investment provided under the Troubled Asset Relief Program (TARP). The repayment will be made after the completion of a securities offering.
Bank of America Announces Fourth Quarter and Full-Year 2009 Earnings Conference Call
JPMorgan Chase Announces Conference Call to Review Fourth Quarter 2009 Earnings
JPMorgan Chase & Co. (NYSE: JPM) will host a conference call to review fourth quarter 2009 financial results on January 15, 2010 at 9:00 a.m. (EST). Fourth quarter financial results are currently scheduled to be released at 7:00 a.m. on January 15, 2010.
No Safer Place for Your Money: Why the FDIC’s Resources Are Strong and Insured Deposits Are “Absolutely Safe”
Other topics in the latest FDIC Consumer News include the basics of debit, credit and prepaid cards, plus what to know about using safe deposit boxes and home safes
Boeing, Falck Schmidt Defence Systems to Explore Fuel Cell and Composite Applications
The Boeing Company [NYSE: BA] and Odense-based Falck Schmidt Defence Systems A/S today announced that Boeing Research & Technology will assess Falck Schmidt fuel cell products for potential use in Boeing renewable-energy power systems for military platforms.
DIRECTOR GAMBRELL HIGHLIGHTS RECOVERY ACT AWARDS WITH TOUR OF SMALL BUSINESS SUCCESS, VISITS NEW LATINO COMMUNITY CENTER
Chase To Increase Small Business Lending by $4 billion in 2010
Will hire 325 additional bankers to help business owners Demonstrates Chase's support for small business, overall U.S. economy More>>
Third Chase Conversion Completes WaMu Integration in Just 13 Months Conversion in California, Arizona, Nevada and Colorado puts all Chase bank accounts across the country on one computer system November 2, 2009 - Chase announced today it has successfully upgraded products and technology in four states to link in the final 822 former Washington Mutual branches to the Chase computer system. More>>
Term Asset-Backed Securities Loan Facility: non-CMBS
Ford Motor Company today reported net income of $997 million, or 29 cents per share, in the third quarter as strong new products, structural cost reductions and
improved results at Ford Credit lifted the company’s results despite continued weak global economic
conditions. This is a $1.2 billion improvement compared with the same period last year.
Treasury Announces Marketable Borrowing Estimates
Washington, D.C. -- The U.S. Department of the Treasury today announced its current estimates of marketable borrowing for the October – December 2009 and the January – March 2010 quarters:
Alan B. Krueger, Assistant Secretary for Economic Policy & Chief Economist Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
Treasury Secretary Timothy F. Geithner
FDIC Adopts Guidance on Prudent Commercial Real Estate Loan Workouts
The Federal Deposit Insurance Corporation (FDIC), in coordination with the other member Agencies of the Federal Financial Institutions Examination Council (FFIEC), adopted a policy statement today supporting prudent commercial real estate (CRE) loan workouts.
Treasury Allocates $2.2 Billion in Bonds for Renewable Energy Development
Clean Renewable Energy Bonds Awarded to More Than 800 Recipients Nationally
Statement from Treasury Secretary Geithner on House and Senate Introduction of Foreign Account Tax Compliance Act of 2009
WASHINGTON – The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner on the introduction of the Foreign Account Tax Compliance Act of 2009
Boeing Approves Quarterly Dividend and Stock Contribution to Pension Plans
Chairman, President and Chief Executive Officer Jim McNerney reports that the board of directors today declared a regular quarterly dividend of forty two (42) cents per share
Statement from CDFI Fund Director Gambrell on White House Announcement Related to Lower Cost Capital for CDFIs
Washington, DC - Community Development Financial Institutions (CDFI) Fund Director Donna J. Gambrell issued the following statement on the Small Business lending Initiative announced today.
Senior Supervisors Group Issues Report on Risk Management Practices
NEW YORK—Senior financial supervisors from seven countries (collectively the “Senior Supervisors Group”) today issued a report that evaluates how weaknesses in risk management and internal controls contributed to industry distress during the financial crisis.
Caterpillar Reports Third-Quarter Profit and Raises 2009 Profit Outlook
2010 Sales and Revenues Expected to be up 10 to 25 Percent from 2009
Caterpillar Inc. (NYSE: CAT) today announced a third-quarter profit of $0.64 per share, down $0.75 per share from the third quarter of 2008.
Gene Sperling, Counselor to the Secretary of the Treasury Written Testimony U.S. Senate Committee on Small Business and Entrepreneurship Health Insurance Reform and Small Businesses
Joint Statement of Tim Geithner, Secretary of the Treasury, and Peter Orszag, Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2009 U.S. Treasury Secretary Tim Geithner and White House Office of Management and Budget (OMB) Director Peter R. Orszag today released details of the final Fiscal Year 2009 budget results. More>>
Statement Regarding Reverse Repurchase Agreements
Numerous Federal Reserve communications have indicated that reverse repurchase agreements are a tool that could be used to support a reduction in monetary accommodation at the appropriate time.
JPMorgan Chase Declares Preferred Stock Dividend
New York, October 14, 2009 - JPMorgan Chase & Co. (NYSE:JPM) declared a quarterly dividend on the outstanding shares of the corporation's 8.625%
Treasury Releases Semi-Annual Report to Congress
WASHINGTON –The U.S. Department of the Treasury today released the Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, as required under Sections 3004 and 3005 of the Omnibus Trade and Competitiveness Act of 1988.
FDIC's New Advisory Committee on Community Banking Discusses Impact of Financial Crisis on Community Banks
JPMorgan Chase Reports Third-Quarter 2009 Net Income of $3.6 Billion, or $0.82 Per Share
· Firmwide revenue of $28.8 billion, resulting in record year-to-date revenue (on a managed basis1):
· Reported strong earnings in the Investment Bank; maintained #1 year-to-date rankings for Global Debt, Equity and Equity-related, and Global Investment Banking Fees
Treasury Designates Three Leaders of the Kongra-Gel as Significant Foreign Narcotics Traffickers
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today targeted the senior leadership of the Kongra-Gel.
CDFI Fund Launches New Financial Education Program to Educate and Assist Prospective Homebuyers
Alcoa Strengthens Cash Position and Returns to Profitability in Third Quarter
Income from continuing operations of $73 million, or $0.07 per share
Excluding restructuring and special items, income of $39 million, or $0.04 per share
Revenues up 9 percent over second quarter 2009
Cash Sustainability initiatives exceeding targets
Boeing to Release Third-Quarter 2009 Results on Oct. 21
The Boeing Company (NYSE: BA) will release its financial results for the third quarter of 2009 at 7:30 a.m. Eastern Time on Wednesday, Oct. 21. Boeing Capital Corp. results will also be released at that time.
Updated: December 18th, 12:09AM
Economic Principles of Healthcare Reform
The United States Congress is currently debating legislative action to reform healthcare. Several themes are discussed by the so called reformers. Among these are:
· If we do not fix the system we will bankrupt the country
· There are a large number of uninsured Americans
· A large portion of personal bankruptcies are due to healthcare costs
The economic fundamentals of the business of healthcare are rarely discussed. Nevertheless the New York Times in April 2009 did report on the shortage of doctors…
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