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3 Billion Dollar Loan - News Articles
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Thursday, October 16, 2008
Times Online, UK -
America’s leading banks continued to announce hefty losses yesterday as Citigroup reported a further writedown of more than $13 billion (£7.5 billion) for ... -
Thursday, October 16, 2008
The Associated Press -
NEW YORK (AP) — Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. (AP Photo/Seth Wenig, file)", ... -
Thursday, October 16, 2008
Telegraph.co.uk, United Kingdom -
There’s nothing like another quarter of multi-billion-dollar losses to underscore the necessity of making painful decisions. Take Citigroup and Merrill did their shareholders a favour There’s nothing like another quarter of multi-billion-dollar ... -
Thursday, October 16, 2008
Independent, UK -
By Stephen Foley in New York Citigroup and Merrill Lynch, two of the giant US banks that have received emergency funds from the federal government, have reported widening losses as the credit crisis shows no sign of an early end. ... -
Thursday, October 16, 2008
Folio Magazine, NY -
By Jason Fell Apparently Reed Elsevier isn’t the only publisher willing to pony up millions of dollars in order for someone to purchase its magazines. TV Guide owner Macrovision earlier this week said it agreed to sell the print ... -
Thursday, October 16, 2008
New York Daily News, NY -
The Oct. 9-16, 2005 edition of TV Guide was the last one with the traditional small format. Pictured are Jon Cryer (l.) and Charlie Sheen mimicking a 1971 'Odd Couple' cover. ... -
Thursday, October 16, 2008
The Business Sheet, NY -
Wow. Had I known that this was the going price I would have gotten a couple of friends to chip in with me and outbid them. And, oh, full disclosure, I worked for the company. AdAge.com : How much is TV Guide magazine worth in a ... -
Thursday, October 16, 2008
Folio Magazine, NY -
By Jason Fell It came as startling news to many when the financial terms of TV Guide’s sale were revealed, showing that California-based investment firm OpenGate Capital paid $1 —less than the cover price of one single issue—to purchase the print brand from ... -
Oct 6, 2008
Bloomberg -
By Gavin Finch and Lukanyo Mnyanda Oct. 6 (Bloomberg) -- Money-market rates climbed worldwide as banks hoarded cash on speculation the seizure in credit markets is deepening and may prompt more financial institutions to collapse. ... -
Oct 6, 2008
Bloomberg -
By Garfield Reynolds Oct. 7 (Bloomberg) -- Japan and Australia's central banks pumped more than $11 billion into the financial system seeking to ease ...
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Oct 6, 2008
Bloomberg -
By Garfield Reynolds and David Yong Oct. 7 (Bloomberg) -- Central banks pumped more than $11 billion into money markets and Australia slashed interest rates ... -
Oct 7, 2008
Bloomberg -
By Lukanyo Mnyanda and Andrew MacAskill Oct. 7 (Bloomberg) -- The cost of borrowing in dollars overnight in London jumped as UK lenders held talks with the government on emergency funding and Iceland nationalized its second-biggest bank amid an unprecedented credit squeeze. ... -
Oct 8, 2008
MarketWatch -
By Greg Robb, MarketWatch WASHINGTON (MarketWatch) -- The Federal Reserve announced Wednesday it was lending billions of additional funds to cash-strapped American International Group Inc. ... -
Oct 8, 2008
Times Online, UK -
The Federal Reserve is preparing to lend American International Group (AIG) a further $37.8 billion just three weeks after the ailing insurance giant received an $85 billion US government loan to prevent it going bankrupt. The Fed board used ... -
Oct 8, 2008
CNNMoney.com -
Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for additional funding. By Tami Luhby, CNNMoney.com senior writer NEW YORK ... -
Oct 8, 2008
AFP -
WASHINGTON (AFP) — The Federal Reserve said Wednesday it had authorized a new 37.8-billion-dollar cash infusion into insurance giant AIG, which is under fire over a lavish spa retreat paid for by the company after its rescue by the government. The ... -
Oct 8, 2008
Financial Times, UK -
By Francesco Guerrera in New York The Federal Reserve yesterday threw another financial lifeline to AIG, agreeing to provide up to $37.8bn (£22bn) in additional liquidity to the stricken insurer. The move, which comes on top of the $85bn rescue loan that ... -
Oct 8, 2008
International Herald Tribune, France -
By Barry Meier The Federal Reserve Board said Wednesday that it would provide up to an additional $37.8 billion to the insurance giant, the American International Group, to help the company deal with a continuing liquidity crisis. The additional funds come ... -
Oct 8, 2008
Forbes, NY -
What, more? American International Group has blown through the $85.0 billion it borrowed from the United States government last month and is getting an additional $37.8 billion line of credit from the Federal Reserve as it seeks to shrink itself into ... -
Oct 8, 2008
Reuters -
NEW YORK (Reuters) - American International Group Inc could get nearly $38 billion in fresh cash under a program announced by the Federal Reserve on Wednesday, as the insurer tried to fend off criticism of a lavish event held days after getting an initial ...
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