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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesDecember 19, 2008 Auto Makers to Get $17.4 Billion  Source: Wall Street Journal The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
December 19, 2008 Banks Try New Ways to Handle BonusesSource: New York Times But this bonus season is shaping up to be like no other. The normal buzz of money big money is all but silenced. While many bankers will still collect six- or even seven-figure bonuses, the average payout for rank-and-file... December 19, 2008 Citi forms oversight committee, plans to lend moreSource: CNN Money Citigroup to increase lending, forms oversight committee for government funds, CEO says
December 19, 2008 Parmalat founder gets 10 years over 'Europe's Enron'Source: AFP Parmalat founder Calisto Tanzi was sentenced to 10 years in prison over a 14-billion-euro fraud scandal in 2003 that caused Europe's largest corporate bankruptcy to date.
December 19, 2008 Top US Lawmakers Take Aim At AIG Executive CompensationSource: CNN Money Top U.S. House lawmakers are pressuring the Treasury Department to prevent American International Group Inc. (AIG) from distributing hundreds of millions of dollars to executives, saying it violates the terms of the financial... December 19, 2008 Paulson: 'Orderly' auto bankruptcy might be best Source: Associated Press The Bush administration is convinced the ailing economy could not withstand the demise of Detroit's Big Three and is looking at "orderly" bankruptcy to keep the automakers from collapsing.
December 19, 2008 SEC APPROVES INTERACTIVE DATA FOR FINANCIAL REPORTING BY U.S. COMPANIES, MUTUAL FUNDSSource: Securities and Exchange Commission Washington, D.C. The Securities and Exchange Commission has approved measures to give investors faster, better, and less expensive financial information disclosure about the public companies and mutual funds they own. December 18, 2008 GM, Chrysler reopen merger talks: JournalSource: MarketWatch General Motors Corp. and Chrysler LLC have reopened merger talks, according to a report in The Wall Street Journal on Thursday. The latest move comes as Chrysler owner Cerberus Capital Management LP has indicated its willingness... December 18, 2008 Madoff Scandal Reinforces Need for Hedge Fund Ethics Code, Says Investor AdvocateSource: CFA Institute CFA Institute Centre for Financial Market Integrity Says Industry Should Adopt Strong Professional Code of Conduct. NEW YORK, Dec. 18, 2008 Kurt Schacht, CFA, managing director of the CFA Institute Centre made the following... December 17, 2008 Chrysler Idles Plants for a Month; GM Halts Volt Engine FactorySource: Bloomberg.com Chrysler LLC, awaiting a federal rescue as its cash dwindles, will shut all 30 of its plants for at least a month starting Dec. 19 as unsold cars and trucks pile up at showrooms. Production wont resume until Jan. 19 at the... [What would you find useful here?]
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