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Reuters: Business News
  • U.S. to pump $250 billion into banks
    LONDON/TOKYO (Reuters) - The United States will announce plans on Tuesday to inject $250 billion into its banks, following similar, concerted measures in Europe to revive money markets and stave off global recession.

  • Automakers could return to Congress for help
    WASHINGTON (Reuters) - U.S. automakers could turn to Congress after the November election to try to expedite $25 billion in government-backed loans, which Detroit manufacturers consider crucial to reversing their steep downward spiral.

  • Bernanke says U.S. plan to help revive markets: report
    SINGAPORE (Reuters) - Federal Reserve Chairman Ben Bernanke said a U.S. financial rescue plan to be fleshed out on Tuesday would restore normality to markets and lay the groundwork for economic recovery.

  • Blackstone says U.S. action breaks back of crisis
    DUBAI (Reuters) - Blackstone Group chief executive Stephen Schwarzman said on Tuesday the U.S. government's expected actions to inject billions into its banks could break the back of the credit crisis.

  • Former AIG chief offers alternative rescue plan: report
    (Reuters) - Hank Greenberg, former Chief Executive of American International Group Inc will soon release a plan outlining an alternative way to save the stricken insurer that was rescued by the U.S. government last month, the Financial Times said.


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Tue, Oct 14th, 2008, @6:30pm
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