| North America Top Stories |
US banks heading for first overall quarterly loss since 1990
Tue, 30 Dec 2008 08:24:00 GMT
Rising unemployment is causing more agony from old problems such as shaky mortgages and credit cards, and losses now are spreading to commercial real-estate loans
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Wall Street faces record losses in 2008
Mon, 29 Dec 2008 05:28:00 GMT
The Standard & Poor’s 500 index is set to record the biggest drop since its creation in 1957
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Influential US political scientist Samuel Huntington dies
Sun, 28 Dec 2008 11:35:00 GMT
Huntington, who retired from teaching in 2007 after 58 years at Harvard, died on 24 December in Martha’s Vineyard, Massachusetts
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US buys stakes worth $171 bn in financial institutions
Sun, 28 Dec 2008 05:35:00 GMT
The highest amount has been allotted to banking majors -- Citi, JPMorgan Chase and Wells Fargo -- which have been severely hit by the credit turmoil
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Obama might appoint special envoy to India: report
Tue, 23 Dec 2008 11:01:00 GMT
Obama’s foreign policy advisers are discussing the possibility of appointing a special envoy to India
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US needs to cut deficit for sustained recovery
Mon, 22 Dec 2008 19:10:00 GMT
It may take a lot longer than many people think before the US economy is ready to live without bubbles. And until then, the economy is going to need a lot of government help
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Obama and his foreign policy squad brush up
Tue, 16 Dec 2008 17:11:00 GMT
US President-elect is reading books, meeting officials and consulting advisers as he prepares for the White House
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25 US banks failed this year so far
Sun, 14 Dec 2008 09:34:00 GMT
Sanderson State Bank and Haven Trust Bank, both of which were seized by the authorities on Friday, are the latest to join the league of failed entities
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Obama’s team mulling $1 trillion stimulus program
Sun, 14 Dec 2008 09:13:00 GMT
However, transition spokeswoman Stephanie Cutter denied that any decisions have been made on the scope of the plan
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Layoff watch: At least one job ticked off every 10 seconds
Sun, 14 Dec 2008 07:26:00 GMT
More than one-third of the layoffs happened in the US, which has already seen a stunning 5,33,000 job losses in November alone
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US banks, consumers brace for new credit card rules
Sun, 14 Dec 2008 03:37:00 GMT
Credit card users likely would see easier-to-read tables in their monthly statements as a result of the changes
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Credit losses in US may surpass $3 trillion-mark
Fri, 12 Dec 2008 12:58:00 GMT
The Mckinsey report noted that the range of possible losses represents 10 to 15% of US GDP
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Accused 9/11 plotters say they want to confess
Tue, 09 Dec 2008 10:02:00 GMT
Five terrorists want to abandon their defences against capital charges in an apparent quest for martyrdom
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Need to Know | Car makers pass on excise cut, reduce prices
Mon, 08 Dec 2008 19:30:00 GMT
Maruti Suzuki India Ltd, the country’s largest car marker, reduced the price of the Maruti 800 by Rs6,593 to Rs1.86 lakh
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Rice may offer help to develop internal security
Tue, 02 Dec 2008 23:46:00 GMT
Visit intended to show US support for Mumbai terror victims andalso send out a tough message to Pakistan
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Clinton’s India ties could complicate her role in Obama cabinet
Tue, 02 Dec 2008 16:43:00 GMT
In her new role as the nation’s top diplomat, Hillary Clinton would project Obama’s policies, not her own
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OECD has got the math wrong
Wed, 26 Nov 2008 19:25:00 GMT
US GDP declined a revised 0.5% in the third quarter of 2008, primarily due to a 3.7% annualized fall in personal consumption expenditures
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Obamaphilia sparks a new category of merchandise
Mon, 24 Nov 2008 20:13:00 GMT
Merchandise commemorating, celebrating Obama is being sold by companies large and small, institutional and entrepreneurial, familiar and not so familiar
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US govt agrees to bail out beleaguered Citi
Mon, 24 Nov 2008 19:00:00 GMT
The rescue plan injects $20 bn of fresh capital into the bank, guaranteeing around $300 bn in risky assets
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Aides: Obama plans to nominate Clinton
Fri, 21 Nov 2008 11:23:00 GMT
Some fellow Democrats and government insiders have questioned whether Clinton is too independent and politically ambitious to be an effective secretary of state
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