Monthly Archives: July 2009

NEW YORK (MarketWatch) — Gold futures rose Wednesday for a third session, climbing to their highest levels in two weeks, as a weakening dollar and newly released consumer price data raised the metal’s investment appeal. U.S. consumer prices rose in … Continue reading →

Federal budget deficit tops $1 trillion for first time, could reach $2 trillion by fall By Martin Crutsinger, AP Economics Writer On Monday July 13, 2009, 9:18 pm EDT WASHINGTON — The federal deficit has topped $1 trillion for the … Continue reading →

By Jeffrey McCracken and Serena Ng July 13, 2009 CIT Group Inc., a lender to almost a million mostly small and midsize businesses across the country, is preparing for a possible bankruptcy filing after so far failing to win a … Continue reading →

July 13, 2009 By Peter Eavis Are regulators trying to prove Charles Darwin wrong? As bank failures mount, hitting 53 this year by Friday, the Federal Deposit Insurance Corp. needs solid financial institutions to assume the assets and liabilities of … Continue reading →

CIT Group Says Its Failure Risks Demise of Customers July 13, 2009 (Bloomberg) — CIT Group Inc., the century-old lender that hasn’t been able to persuade the government to back its debt sales, says its demise would put 760 manufacturing … Continue reading →

By Lyubov Pronina July 10 (Bloomberg) — Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” “Here it is,” Medvedev … Continue reading →

By John Parry Thu Jun 14, 2007 3:06pm EDT NEW YORK (Reuters) – Treasury yields’ recent push to five-year highs is the latest signal that a bear market in bonds may be dawning after a bull market that spanned nearly … Continue reading →

By John Detrixhe July 10 (Bloomberg) — U.S. corporate bond sales tumbled to a three-month low on concern that the longest recession since the 1930s may extend beyond investors’ earlier expectations. Borrowers issued at least $11.5 billion of debt this … Continue reading →

Posted Jul 09 2009, 11:10 AM by Catherine Holahan  Millionaire investor Warren Buffett has joined the chorus of prominent political figures and businessmen calling for a second stimulus. The CEO of Berkshire Hathaway told ABC’s Good Morning America that the … Continue reading →

  Compared to 24 in all of 2008 Bank Failures in Brief  Source:  FDIC.gov 2009 The list of Bank Failures in Brief is updated through July 2, 2009.  July Founders Bank, Worth, Illinois, with approximately $962.5 million in assets, was … Continue reading →