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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesJanuary 4, 2009 Manufacturing activity shrinks to 28-year lowSource: Pittsburgh Tribune- Review The Institute for Supply Management, a trade group of purchasing executives, said Friday its manufacturing index fell to 32.4 in December, a greater-than-expected decline from November's reading of 36.2. Wall Street economists... January 3, 2009 Madoff Trustee Seeks Wide Power to SubpoenaSource: New York Times The trustee overseeing the bankruptcy of Bernard L. Madoff’s trading firm has made an urgent request to the court for unusually broad authority to subpoena witnesses and documents, citing the vast scale of what is alleged to be a... January 3, 2009 Government sends Chrysler $4 billion bridge loan  Source: Associated Press Chrysler LLC and the U.S. Treasury Department said Friday that the government had supplied the automaker with a $4 billion loan that was necessary to keep it operating. Chrysler Chief Executive Bob Nardelli said in a statement... January 2, 2009 Hedge funds concede oversight in wake of MadoffSource: Fort Wayne Business Weeklt Hedge-fund managers say Bernard Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5-trillion industry. Madoff’s alleged bilking of up to $50 billion begins to uncover a part of the investment... January 2, 2009 Europe Manufacturing Recession Worsens in DecemberSource: Bloomberg European manufacturing contracted in December by more than initially estimated and at its fastest pace on record, signaling the recession is deepening.
January 2, 2009 As mortgage rates slide, applications to refinance have gone through the roof Source: Dallas Morning News As mortgage rates slide, applications to refinance have gone through the roof December 30, 2008 SEC Modernizes Oil and Gas Company Reporting Requirements to Provide Investors With More Meaningful and Comprehensive DisclosureSource: Securities and Exchange Commission Washington, D.C. — The Securities and Exchange Commission has announced that it has unanimously approved revisions to modernize its oil and gas company reporting requirements to help investors evaluate the value of their... December 30, 2008 Power Companies to Disclose Financial Risks of Climate Change Source: Law.com For years, environmental and shareholder activists have pushed companies that generate greenhouse gases to disclose how climate change could affect their financial outlook. Now, two operators of coal-burning power plants -- Xcel... December 30, 2008 U.S. Agrees to a Stake in GMAC Source: New York Times The Treasury Department injected $5 billion into GMAC, the automobile financing company, as part of a deal announced Monday night that will let GMAC convert itself into a bank holding company to reduce its borrowing costs and... December 29, 2008 Treasury Announces TARP Investment in GMACSource: U. S. Treasury Department The Treasury Department has announced that it will purchase $5 billion in senior preferred equity with an 8% dividend from GMAC LLC as part of a broader program to assist the domestic automotive industry in becoming financially... |
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