Category Archives: Rescue

Trying to reconnect Haiti to itself and the world

By doris | Published: January 18, 2010

Full Story at msnbc.com When disaster strikes, many people’s first instinct is to reach for the phone. When the earthquake struck Haiti on Tuesday, Trilogy International Partners’ first instinct was to make sure the phones would start working again. The Bellevue, Wash., company owns Voila, the second-largest cell phone operator in Haiti. The company, which [...]

Also posted in Business, Phone, Safety | Leave a comment

Obama signs homebuyer, jobless bill assistance

By doris | Published: November 8, 2009

Full Story at msnbc.com WASHINGTON – President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump. The bill-signing came a day after the House, displaying rare bipartisan agreement over the troubling employment picture nationally, voted [...]

Also posted in Business, Deals, Financial, Government, Money | Leave a comment

GM to help investment firm buy Delphi

By doris | Published: June 5, 2009

Full Story At money.cnn.com NEW YORK (Reuters) — General Motors Corp will give more than $2.5 billion of the $3.6 billion needed for Platinum Equity to gain control of bankrupt car parts supplier Delphi Corp, the Wall Street Journal said, citing a source. Under terms of the transaction, private equity firm Platinum is expected to [...]

Also posted in Auto, Bailout, Business, Chapter 11, Corporate, Financial, GMC, Investors, Takeover | Leave a comment

AIG: Hoping to stem the bleeding

By doris | Published: May 7, 2009

Full Story At money.cnn.com NEW YORK (CNNMoney.com) — AIG is expected to report its sixth quarterly loss after the market closes Thursday, but the loss could be much smaller than previous quarters and analysts say that could be an encouraging sign. The insurer is also expected to say that it will not require additional taxpayer [...]

Also posted in Bailout, Banking, Business, Financial, Insurance, Spending | Leave a comment

Citigroup tries to stop the bleeding

By doris | Published: April 16, 2009

Full Story At money.cnn.com NEW YORK (CNNMoney.com) — The latest crop of quarterly numbers from the banking industry has proven promising so far. But with every harvest, there’s always bound to be a few rotten apples in the bunch. This quarter, it’s likely to once again be Citigroup. Analysts predict that the embattled bank will [...]

Also posted in Banking, Business, Economy, Financial, Spending, Stocks | Leave a comment

Why some banks returned rescue money

By doris | Published: April 2, 2009

Full Story At msnbc.com Four small banks this week repaid millions of dollars they received from the Treasury Department under the $700 billion financial system bailout. They were the first in a long line of banks hoping to escape the increasingly tough restrictions the government has placed on the program known as TARP. It’s a [...]

Also posted in Banking, Economy, Financial, Money | Leave a comment