government loans

Cambridge University ‘May Go Private’ In Order To Compete With The Top Universities Of America


October 18th, 2010 - 5:55 pm ICT by Pen Men At Work
October 18, 2010 (Pen Men at Work): The Cambridge University, one of the hallmarks of educational institutions, may have to relinquish government control in the near future. The university will have ... Read more...

Posted in World News |

GM Repays Loans Much To The Surprise Of Many Analysts


April 22nd, 2010 - 6:13 pm ICT by Pen Men At Work
April 22, 2010 (Pen Men at Work): Fallen giant, General Motors Co., gathered speed towards revitalization on Wednesday. It enunciated the reimbursement of $8.1 billion in American and Canadian government loans. The ... Read more...

Posted in Business |

General Motors repays government loan


April 22nd, 2010 - 5:21 am ICT by IANS
Washington, April 22 (DPA) General Motors has repaid $4.7 billion in government loans issued last year, clearing its remaining debt under the Treasury Department's rescue plan to contain the fallout from ... Read more...

Posted in Business |

GM lost $4.3 bn since leaving bankruptcy in July


April 7th, 2010 - 10:39 pm ICT by IANS
Washington, April 7 (DPA) General Motors Co posted a net loss of $4.3 billion from July to December, the US carmaker said Wednesday in its first earnings report since exiting bankruptcy. Nearly all ... Read more...

Posted in Business |

AIG, Bank of America announce bonuses to employees


February 4th, 2010 - 1:31 am ICT by IANS
New York, Feb 3 (DPA) American International Group (AIG) planned to hand out 100 million dollars in bonuses to executives Wednesday, US media reported, despite public outrage over an insurer that has ... Read more...

Posted in Business |

US stocks jump, led by health industry


January 20th, 2010 - 7:36 am ICT by IANS
New York, Jan 20 (DPA) US stocks posted strong gains Tuesday on the back of health and pharmaceutical companies that are hoping a special election in Massachusetts will derail major reforms ... Read more...

Posted in Business |

Ford’s award sweep signals hope for US auto industry


January 12th, 2010 - 2:16 am ICT by IANS
Detroit, Jan 12 (DPA) Ford Monday swept the top awards for best car and truck of the year at the annual North American International Auto Show, marking a hopeful start for ... Read more...

Posted in Business |

Japan Airlines to slash 15,600 jobs


January 11th, 2010 - 9:54 pm ICT by IANS
Tokyo, Jan 11 (DPA) Japan Airlines (JAL) is to shed one-third of its workforce - 15,600 jobs - as part of a far-reaching restructuring plan, media reports said Monday. The job cuts are ... Read more...

Posted in Business |

400-year-old Jharkhand drummakers struggle to keep trade alive (Feature with image)


December 17th, 2009 - 9:53 am ICT by IANS
By Madhusree Chatterjee Adharjhor (Jharkhand), Dec 17 (IANS) In the heart of a dense forest in the Patamda block, this ramshackle village of 100 thatched huts is fighting a tough battle to keep ... Read more...

Posted in Feature |

Andrew Yule sells stake in Phoenix


December 10th, 2009 - 10:50 pm ICT by IANS
Kolkata, Dec 10 (IANS) State-owned diversified company Andrew Yule Thursday completed its 26 percent divestment in Phoenix Yule to Germany-based Contitech Group at Rs.63 crore, a senior company official said here Thursday. "The ... Read more...

Posted in Business |

US stocks surge on retail sales, GM, Bernanke comments


November 17th, 2009 - 8:45 am ICT by IANS
New York, Nov 17 (DPA) US stocks rose Monday to 1-month highs after reports of improving retail sales, a better-than-expected General Motors quarterly report and Federal Reserve Chairman Ben Bernanke's hopes for ... Read more...

Posted in Business |

US financier CIT Group gets rescue line: Report


July 20th, 2009 - 10:59 am ICT by IANS
New York, July 20 (DPA) Key creditors have agreed to put up $3 billion in financing for CIT group, a top lender for small US businesses that last week tottered on ... Read more...

Posted in Business |

Citigroup, Bank of America surprise with profit (Lead)


July 18th, 2009 - 12:39 am ICT by IANS
New York, July 17 (DPA) Citigroup and Bank of America Friday reported billions of dollars in second-quarter profits, matching a flow of positive earnings from other US banks this week despite being ... Read more...

Posted in Business |

Goa Law Commission finds ways to end landlord-tenant tussle


July 16th, 2009 - 12:34 pm ICT by IANS
Panaji, July 16 (IANS) In a bid to end "acrimony" between landlords and tenants "once and for all", the Goa Law Commission has come out with various recommendations including setting up a ... Read more...

Posted in World |

Major US banks pay back emergency government loans


June 18th, 2009 - 7:51 am ICT by IANS
Washington, June 18 (DPA) A number of major US banks Wednesday returned emergency loans of more than $68 billion that they had received from the government at the height of the ... Read more...

Posted in Business |

US stocks fall for third day


June 18th, 2009 - 5:40 am ICT by IANS
New York, June 18 (DPA) Most US stocks dropped for a third straight day Wednesday, led by banks, after President Barack Obama unveiled regulatory reforms, but technology stocks served as a ... Read more...

Posted in Business |

US stocks climb on bank forecasts, oil price rise


June 5th, 2009 - 7:28 am ICT by IANS
New York, June 5 (DPA) A rise in oil prices helped drive US stocks higher Wednesday together with improved forecasts for some of the country's top banks. Crude oil jumped 4.1 percent to ... Read more...

Posted in Business |

GM borrows $4 billion more from US government


May 23rd, 2009 - 11:41 am ICT by IANS
New York, May 23 (DPA) Ailing automotive giant General Motors Corp on Friday borrowed another $4 billion from the US Treasury Department, boosting its total government aid to $19.4 billion. GM had earlier ... Read more...

Posted in World |

Can US banks repay loans? Fears it could threaten recovery


May 17th, 2009 - 2:46 pm ICT by IANS
By Chris Cermak Washington, May 17 (DPA) US banks declaring their readiness to pay back government loans would usually be considered a good sign, but the depth of the global financial crisis ... Read more...

Posted in Business |

GM to axe 21,000 jobs in US, 5,900 in Canada


April 28th, 2009 - 2:48 pm ICT by IANS
New York/Toronto, April 28 (IANS) Troubled General Motors announced Monday to cut 21,000 US factory jobs by next year, phase out the famous Pontiac brand and offer the US government stock in ... Read more...

Posted in Business |

Chrysler’s statement in response to Obama’s announcement; announces agreement supported by the Treasury


March 30th, 2009 - 11:37 pm ICT by admin
Washington, D.C. (BNO NEWS) -- Chrysler LCC released the following statement in response to Obama's announcement on the auto industry and immediately announced an agreement supported by the U.S. Treasuy.Today marks an ... Read more...

Posted in Business |

Restructure or face bankruptcy, Obama tells US carmakers


March 30th, 2009 - 11:31 pm ICT by IANS
Washington, March 30 (DPA) The struggling US car industry will be given one last chance to restructure operations or lose the government's support, President Barack Obama announced Monday, declaring that General ... Read more...

Posted in Business |

US seeks dramatic expansion of financial regulatory powers


March 26th, 2009 - 10:09 pm ICT by IANS
Washington, March 26 (DPA) US President Barack Obama's administration, in a massive overhaul of the country's financial regulatory system, is seeking the power to keep watch on all types of financial ... Read more...

Posted in Business |

Obama launches media blitz ahead of G20 summit


March 24th, 2009 - 11:14 pm ICT by IANS
Washington, March 24 (DPA) US President Barack Obama took his economic prescriptions to a global and domestic audience Tuesday, calling for a broader and urgent global response to the world's worst ... Read more...

Posted in Business |

US stocks drop for first time in five days


March 17th, 2009 - 7:04 am ICT by IANS
New York, March 17 (DPA) US stocks closed slightly lower Monday, ending a four-day rally and erasing earlier gains after the world's governments promised more measures to stabilize their economies. Major stock ... Read more...

Posted in Business |

US stocks gain on positive Citigroup report


March 11th, 2009 - 7:49 am ICT by IANS
New York, March 11 (DPA) US stocks posted their largest rally of the year Tuesday, following the lead of European markets after troubled banking giant Citigroup Inc said it was experiencing its ... Read more...

Posted in Business |

GM may not survive downturn, say auditors


March 6th, 2009 - 12:47 am ICT by IANS
Washington, March 5 (DPA) General Motors Corp's auditors said there was "substantial doubt" that the iconic US carmaker can survive a massive downturn in the industry, according to an annual report filed ... Read more...

Posted in Uncategorized |

Chrysler cuts 1,200 more jobs at its main Canadian plant


March 5th, 2009 - 10:46 am ICT by IANS
Toronto, March 5 (IANS) Auto giant Chrysler cut 1,200 more Canadian jobs Wednesday at its Windsor plant near Detroit amid plunging sales. The auto maker, which is surviving on government loans, said it ... Read more...

Posted in Uncategorized |

US car sales plunge


March 4th, 2009 - 4:29 am ICT by IANS
Washington, March 4 (DPA) The ailing US car industry, some of which has been propped up by emergency government loans, Tuesday reported steep declines in sales for February compared to the year-earlier ... Read more...

Posted in World |

Obama’s auto taskforce stresses ‘urgency’ of industry crisis


February 21st, 2009 - 7:21 am ICT by IANS
Washington, Feb 21 (DPA) US President Barack Obama's taskforce for the country's ailing car manufacturers met for the first time Friday, stressing the "urgency" of repairing an industry that is on the ... Read more...

Posted in World |

Barbers demand Schedule Caste status in Jharkhand


February 20th, 2009 - 4:02 pm ICT by IANS
Ranchi, Feb 20 (IANS) Barbers in Jharkhand are demanding Schedule Caste status, which will help them get reseved jobs and educational opportunities. They are presently classified among Other Backward Communities in the ... Read more...

Posted in Uncategorized |

GM, Chrysler submit restructuring plans in bid for survival


February 18th, 2009 - 8:00 am ICT by IANS
Washington, Feb 18 (DPA) US automotive giants General Motors Corp and Chrysler LLC scaled up their restructuring efforts Tuesday in a bid to hold onto emergency government loans and avoid declaring bankruptcy. Faced ... Read more...

Posted in World |

How many to go jobless?


February 12th, 2009 - 11:12 am ICT by Amrit Rashmisrisethi
It is said that Wal-mart Stores Inc is cutting 700 - 800 jobs at at its Wal-Mart and Sam's Club home offices as the world's largest retailer looks to realign its corporate ... Read more...

Posted in Business |

GM to cut 10,000 more jobs worldwide


February 11th, 2009 - 11:15 am ICT by IANS
The company is trying to hang on to $13.4 billion in government loans, which could be withdrawn if GM does not come up with a survival plan. About 3,400 of 29,500 US ... Read more...

Posted in Business |

‘1,800 jobs could go at Jaguar Land Rover’


January 18th, 2009 - 7:35 pm ICT by IANS
London, Jan 18 (IANS) Up to 1,800 jobs are under threat at Jaguar Land Rover (JLR) factories in Britain if workers do not agree to a pay freeze and a major new ... Read more...

Posted in World |

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