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Republican and Democratic Senate leaders signaled that they would support the release of the second half of the Treasury’s $700 billion financial system bailout fund.

Kenyataan Akhbar - Parti Keadilan Rakyat (PKR) Sarawak   1.       PKR Sarawak menggesa Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) menjalankan siasatan terperinci terhadap dakwaan salahguna kuasa terhadap individu berikut berhubung pengagihan tender bernilai RM1.3 billion:- (i)                 Pegawai Perolehan di Kementerian Kewangan Malaysia, Putrajaya berhubung tela

Vancouver taxpayers are on the hook for the entire billion-dollar Olympic Athletes' Village project after the lender cut off funding to the troubled development, Mayor Gregor Robertson said Friday. ... Fortress stopped in September doling out the monthly money needed to keep construction going after its agreement with Millennium went sour. Since then, the city has been paying to keep constructio

"Citigroup Inc. may book a gain of as much as $10 billion by selling control of its brokerage to Morgan Stanley, helping to replenish capital depleted by the biggest losses in the bank’s history, a person familiar with the talks said. "

"Senate Democratic leaders said a vote could come as early as this week on providing a second $350 billion for the financial industry, after assurances Sunday by President-elect Barack Obama and one of his top economic advisers that the money would be better monitored and spent."

  Adult-entertainment moguls Joe Francis and Larry Flynt said Wednesday that they are asking Congress for a $5 billion federal bailout. The heads of porn are claiming that the porn industry is suffering hard from the soft economy. Francis, who is behind the ”Girls Gone Wild” series,  said in a phone interview that this is not a publicity [...]

This study was completed before the current economic downturn. Do you think we’ll be able to take this good news “to the bank”? Please leave your comments. (New York, NY, June 16, 2008) - JupiterResearch, a leading authority on the impact of the Internet and emerging consumer technologies on business, has found that affiliate marketing [...]

Tuesday December 23, 2008 Navivest Commercial finance company CIT Group (CIT) announced today that it has received preliminary approval to receive $2.33 billion from the government’s $700 billion financial bailout fund. CIT will receive the funds from the Troubled Assets Relief Program, or TARP, which congress approved earlier this year, to help bolster the balance sheet of large [...]

The easy answer to the question of what US operations of The Big Three are worth is that they are worth nothing. That assessment is entirely accurate based on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Indonesian government signed a memorandum of understanding for a $1 billion loan with the China Export Bank to be used to buy Chinese goods, Vice President Jusuf Kalla said Monday."China Export Bank is ready to give up to $1 billion credit to Indonesia to buy goods from China that are not produced in Indonesia, such as machinery and steel," he said.Kalla didn't specify how much Indonesia might

President-elect Obama is calling for a massive $850 billion or more economic stimulus package to jump start the US economy and rebuild neglected infrastructure. As part of this plan the Obama administration has pledged to deploy next-generation broadband to every community in America. The Free Press has put forth a $44 billion plan to achieve universal broadband availability for the United States.

Ailing U.S. automakers and their workers accepted huge concessions Friday  in return for a $17.4 billion federal rescue package meant to buy them time to survive. Maybe this time, the automakers in Detroit will wake up, realize the opportunity here and start producing cars that the US and world can embrace! Check Out The Original Post

California Assembly Speaker Karen Bass (D-Los Angeles),  told reporters that Assembly Democrats are putting up a package of real cuts and new revenues that will address the short term cash concerns of the state.  The package includes $ 6.9 billion in current year cuts and revenues and $11.3 billion in cuts and revenues  and $800 [...]

Just how exactly does one steal fifty billion dollars without getting caught at say, seventeen million?  Or three hundred million?  Who am I kidding, I’m always the one afraid of getting caught of taking two pennies out of those “need a penny, take a penny” bowls next to cash registers.  I’m always concerned the clerk [...]

So, why now the exposure of a $50 billion Ponzi scheme? Why, suddenly, did Bernard L. Madoff volunteer to the sleepy SEC late last week his confession admitting to a decades-long financial fraud? Well, I couldn't tell you why. Smelling a political rat, however, one wonders whether this might have something to do with the crisis Vice President-elect Joe Biden predicted back in October. Is some

It has been estimated that over 7.5 Billion Bibles have been printed — most of which are still in circulation today.   The average American household has 4 Bibles.  Do you have an extra Bible that you no longer use?  Not sure what to do with it?   Everyone you know already has one.  You can’t sell it.  [...]

Posted by Dave Rochelson In case you have some questions about how the Treasury Department is spending the $700 billion of taxpayer dollars that Congress authorized, you're not alone. The Congressional Oversight Panel (COP) is tasked with answering just that question. Established by the same law that made the $700 billion fund available, COP is chaired by Harvard Law School Professor Elizabeth W

Auto Insurance Industry Overlooked $16 Billion in Premium Losses Premium Rating Error Report by Quality Planning Concludes Auto Insurers Could Boost Profits by Paying More Attention to Miles Driven by Customers Last update: 9:00 a.m. EST Dec. 4, 2008 SAN F

ASEAN countries and its partners China, Japan and South Korea, known as ASEAN+3, will likely increase the foreign exchange reserve pool size to $120 billion from $80 billion amid the worsening global financial crisis, Indonesia's Minister of Foreign Affairs Hassan Wirajuda said Monday."There is a strong signal that Asean+3 countries will raise the fund," Wirajuda said in Jakarta.The Association of

Guests cannot see images in the messages. Please register to forum by clicking here to see images. Kalanithi Maran-promoted DTH service provider Sun Direct plans to invest Rs 15 billion in the next fiscal as it targets a subscriber base of six million. Sun Direct, where 20 per cent stake is held by Malaysia-based Astro, expects to garner three million subscribers by the end of this fiscal. The

Billion Princess Animetion Download BackgroundBackground Download approach : DownloadX2 with Billion Princess Animetion Download Background. Finder by downloadx2 is a new kind of content backgrounds find on the idea that background can be more current efficient and useful. And maybe even fun. After all downloadx2 has :Free background download keep wanted backgrounds to your rummaging with download

AAAID Calls On Arab Funds To Allocate $1B To Ag Fund Zawya The Arab Authority for Agricultural Investment and Development, or AAAID, is urging Arab funds to set up a $1 billion financing program to fund Arab agriculture. ...

-The U.S government deficit for the first 2 MONTHS of this new fiscal year: 402 BILLION.-43 states are in serious financial trouble.-Barack Obama reportedly plans to offer Israel a "nuclear umbrella".-Even while the rest of the economy is in the dumps, the demand for emergency storable food is exploding.-Ron Paul had some very interesting things to say about gun control recently.-Is George W. Bush

WASHINGTON (Reuters) - The U.S. Defense Department on Wednesday said it had approved the sale to Iraq of weapons valued at up to $6 billion, including 400 Stryker wheeled vehicles, military radios, training aircraft, 20 coastal patrol boats and 140 M1A1 Abrams tanks.

U.S. automakers, reeling from the credit crisis and sudden drop in sales, appears likely to get some help from the U.S. government to stave off bankruptcy. After initially declining to offer help to Detroit in its last two months on duty, the Bush Administration now appears willing to go along with a $15 billion bridge loan. But as two days of hearings before the House and Senate made clear last w

New data released by comScore shows that US internet users watched more than 15 billion videos last month. Almost 40% of those were watched on Google (GOOG)... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

You’d think that the Medical Gods would have shown some pity on us this week after the fun and excitement of last week.  I guess I’m just an easy mark.  That, or I’ve seriously pissed off somebody up there and they know that the flexible spending account has been zeroed out as we wait for January [...]

The economy in China may not be so troubled as some experts say. The world's most populated nation would like to loan Brazil $10 billion to develop tremendous... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Last Phase Of Dubai Airport Expansion Launched Zawya Dubai: A UAE-South African-Japanese consortium led by Al Habtoor Engineering has been awarded a Dh4.9 billion contract to build Concourse 3, the final package of the Dh15 billion ($4.1 billion) expansion of the Dubai International Airport. ...

Amid warnings of a cataclysmic impact on the economy, the top executives of the Big Three automakers and the United Auto Workers pleaded yesterday with a skeptical Senate panel for a $34 billion lifeline to stay in business while they remake themselves into leaner companies that emphasize fuel-efficient vehicles. But the fate of the appeal remained unclear, as even supportive senators looked for w

Did I miss something? I mean, wasn’t all this money supposed to help the economy, protect jobs, ease foreclosures and clean up the sub-prime mortgage mess? Wasn’t all this spending supposed to build confidence in the financial system and break the logjam in credit? Yet here we are, $350 billion into the bailout—and that is not counting the billions that had already been spent

General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. In response to automakers’ bailout plea, staff for three members of Congress have asked restructuring experts if a pre-arranged bankruptcy - negotiated wi

A multibillion pound contract to run Scotland's rail network should be suspended and a full investigation launched into how it was awarded Labour has1 Vote(s)

Why is horror still a multi-billion dollar industry that entertains and attracts record numbers of followers year in, year out? Savvy writers know that there's a fortune to be made in thrilling their readers with everything from monster stories, ghost stories, psychological suspense and good old fashioned gore.

Morgan Stanley is planning to invest $1 billion in the Indian property market in the next five years, said Mr. Sean Williams, head of the company's Indian real-estate division. The company has formed... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

QBE Insurance Group Ltd., Australia’s biggest property and casualty insurer, raised A$2 billion ($1.3 billion) to shore up its capital and pay for acquisitions abroad.QBE, also the biggest manager in the Lloyds of London market, sold 97.6 million new shares at A$20.50 apiece, the company said in a statement to the stock exchange today.The company said yesterday it would spend $695 million on acq

Source: Budget Office expects a deficit of $ 219 billion in the budget of America WASHINGTON (Reuters) - The source said that the Congressional Budget Office estimates will be issued on Wednesday, indicating that the budget deficit in the United States will rise to 219 billion dollars this year from 163 billion dollars last year. But these are the nonpartisan Congressional Budget Office do not inc

You didn’t think we were going to go one single day without a bailout, did you? Of course, the Federal Government never fails to disappoint us and it is once again throwing money at the problem trying to re-inflate the housing and credit bubbles. According to Bloomberg: Nov. 25 (Bloomberg) — The Federal Reserve took two [...]

This is a move to get the junk off the balance sheets of banks and mortgage lenders. Unfortunately, the junk ends up on the federal governments balance sheet - translation is that you and me pay. Fox News just estimated that the total cost of the bailouts to date is about $24,000 per man, woman and child in the US. That's a lot of money.

Thursday, Democratic leaders denied General Motors Corp., Ford Motor Co., and Chrysler LLC a $25 billion bailout to provide aid to the ailing American auto industry.  The Big Three U.S. automakers are struggling to stay afloat heading into 2009 amongst an economic meltdown.  It was recorded that the companies had burned through almost $18 billion in [...]

Unlike the big three (General Motors, Chevrolet and Ford), Citigroup was given a financial bailout assistance worth $20 billion as the government lent a helping hand to save the stricken bank from billions of dollars that could have totally been catastrophic. Stocks reacted as well as Dow Jones industrial shot up 300 percent. And so the [...]

With bailout season in full swing, the nation's home builders are now asking for their own bailout -- a $250 billion package called 'Fix Housing First' that would combine more generous (and genuine) tax subsidies and funds to buy down mortgage rates to increase affordability. From a Wall Street Journal story:The builders' lobby is ramping up its sales pitch for a $250 billion stimulus package cal

Obama and Bush are rushing to craft measures to bolster financial markets and prevent a policy vacuum during the transition. Meanwhile, Paulson is considering tapping the second half of the government's rescue fund.

The CEOs of the Big Three automakers reportedly flew private luxury jets to Washington to plead for a $25 billion taxpayer bailout to save their debt-ridden industry — ringing up tens of thousands in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

After two days of negotiations, U.S. automakers may soon leave Washington without federal funding. Chief executives of General Motors, Ford Motor Company, and Chrysler have been unable to convince lawmakers to provide funding from the $700 billion rescue plan.

Jeannine Aversa, The Associated Press November 18, 2008 WASHINGTON — Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke waged a stout defence on Capitol Hill Tuesday of their management of a $700-billion (U.S.) financial bailout just one week after the administration abandoned the original strategy behind the rescue. Focusing the program on infusing billions into banks [.

iTunes sales are doing well, and that’s just to say they are raising at a fair pace. Apple has managed to gain an excess of over US$840 million dollars this year more than they had at this time last year. That’s an increase of an astonishing 34%! This information was revealed at Apple’s annual SEC 10K filing earlier this week. Apple cited “heightened consumer interest in downloading third-

Recently just found out a site, GigaTweet that is counting the number of tweets that Twitter user has made. It’s already over billion tweets and it’s still counting, fast. Follow me on Twitter @nicholaschan now.

TAIPEI -(Dow Jones)- U.S. insurance company American International Group Inc. (AIG) has injected NT$45.11 billion (US$1.36 billion) in fresh capital into its 95%-owned Nan Shan Life Insurance Co. as planned, the Taiwanese life insurer said late Friday.The capital injection by AIG, in proportion to its ownership in the Taiwan unit, is part of Nan Shan's NT$47.22 billion fund raising approved by its

General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt ...

GE placed their bets on the Democrats and won. Now for the payback in the form of $139 billion in debt guarantees from the US taxpayer, courtesy of the Democrat controlled Congress. Whenever you wonder why MSNBC were/are completely in the tank for Obama, now you know. FOLLOW THE MONEY. I want the record to show that should the Democrat Congress agree to guarantee $139 billion dollars of my curre

Freddie Mac, which was recently seized by the federal government, is now asking the Treasury for $13.8 billion. The company reported a record quarter loss, which caused its net worth to drop below zero. Freddie reported in a statement Friday, that its net loss for the quarter increased to $25.3 billion after the company wrote down bad mortgages and troubled securities.

The International Monetary Fund (IMF) has “in principle” agreed to extend a credit of $7.6 billion to Pakistan to stabilise its ailing economy and help it avoid defaulting on foreign debt repayments, the government said on Saturday (November 15). “Pakistan would get $4.6 billion this month while the remaining $3 billion would be disbursed next [...]

The International Monetary Fund (IMF) has “in principle” agreed to extend a credit of $7.6 billion to Pakistan to stabilise its ailing economy and help it avoid defaulting on foreign debt repayments, the government said on Saturday (November 15). “Pakistan would get $4.6 billion this month while the remaining $3 billion would be disbursed next [...]

US government is thankful to the generic drugs (GDs) manufacturers as they have allowed US government to save 6 billion dollars. Yes, generic drugs are favorite choice of the customers and have allowed the US government to save the money that they use to invest in the pharmaceutical sectors for the quality and maintaining the [...]

Freddie Mac (FRE) reported a net loss of $25.3 billion, or $19.44 per share, for the quarter ended September 30, 2008, compared with a net loss of $1.2... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

   President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George W. Bush’s support, people familiar with the matter said.   Obama’s economic advisers are now convinced that if General Motors [...]

Forget bailing them out... all they need to do is clean up their act. DOE issued an Interim Final Rule last week for the Advanced Technology Vehicles Manufacturing Loan Program, which will distribute up to $25 billion in direct loans to automakers and component manufacturers. The loans will help those manufacturers establish new U.S. manufacturing facilities or reequip or expand existing one

The world economy may be sinking, but for Vodafone Group its U.S. investment is doing quite well. The world's largest cell phone service provider reported a 35% drop in six-month profit in its mid-fiscal year report that includes several countries scattered around the world.Vodafone chief executive Vittorio Colao cited the firm's investment in Verizon Wireless as a key bright spot in the financia

It is estimated that in Europe alone, the digital signage market will be worth $1 billion by 2011, this is nothing compared to the USA market who are streets ahead. America leads the way in digital advertising, providing many businesses with company signs to even video walls that span the sides of buildings. When you were last at a bus terminal or airport, did you see an LCD TV that was being

Today U.S. Treasury Secretary Henry Paulson told a news conference that asset purchases (bad mortgages) were not the most effective use of the funds. They appeared to be a month ago, but not now. Instead of that, these funds should be used to stabilize secured credit market - auto loans, student loans, etc, luring investors. That rapid change of course on the first look indicates, that buying tro

Governor David A. Paterson today announced a comprehensive, two-year $5.2 billion deficit reduction plan that will entirely eliminate the State’s $1.5 billion current-year shortfall, protect against further declines in revenue in a volatile economic climate, and make a substantial down payment on next year's deficit.Governor Paterson’s proposed reductions are spread across virtually every area

Banco Santander and the UK’s taxpayers £18 billion We were told by the government and the media that the deposits of Bradford and Bingley along with their branches had been sold to Banco Santander for a positive sum. This was never very likely, as deposits are liabilities. You have to pay someone to take them away. Indeed, [...]

Remittances to Ho Chi Minh City from Vietnamese living and working abroad are expected to rise 55% to $5.5 billion this year, local media reported Tuesday, citing a central bank official. Remittances to the city - the country's economic hub - in the first 10 months of this year reached $4.4 billion, up 32% on year, Ho Huu Hanh, director of the State Bank of Vietnam's branch in Ho Chi Minh City,

Wells Fargo raised $12.6 billion in its common stock offering. Wells Fargo plans to use the additional cash flow to fund its buyout of Wachovia. The offering represents the largest one time Non-IPO capital raise in U.S. history.

Marketing to the Campus Crowd: Everything You Need to Know to Capture the $200 Billion College MarketAuthor: David MorrisonLanguage: English Pages: 272Product DescriptionDavid A. Morrison, president of TWENTYSOMETHING Inc., is an internationally acclaimed expert in young adult consulting. In this groundbreaking book, Morrison shares his unparalleled insights on a critical consumer a

Following the stimulus package in the U.S., China has now introduced their own stimulus package in order to help bring the country out of recession. The Chinese stimulus package valued at $586 billion will be spent to upgrade infrastructure, raise rural incomes, and on affordable housing as well as environmental protections.

GM needs 75 billion more this year. AIG wants who knows what next. The banks all want more 100’s of billion more. The other insurers want bailout money. The major home builders want bailout money. This is insane. SAN FRANCISCO (MarketWatch) — American International Group Inc. reportedly is seeking a new bailout from the U.S. government [...]

General Motors Corp. (GM) has reported a $2.5 billion loss in the third quarter and warned that it could run out of cash in 2009 if the United States economic slump continues and it does not get government aid. Recently, GM has suspended its ambition to acquire Chrysler. According to GM, the acquisition of Chrysler was considered as a strategic acquisition. GM believes that the acquisition

DETROIT -- General Motors today reported its fifth straight quarterly loss because of "unprecedented economic and credit market turmoil'' and warned that it may not have enough cash to operate by mid-2009.GM ended the third quarter with $16.2 billion in cash on hand, down from $21 billion on June 30.GM's reported net loss in the quarter was $2.5 billion, including several one-time gains and charge

iTunes sales are doing well, and that’s just to say they are raising at a fair pace. Apple has managed to gain an excess of over US$840 million dollars this year more than they had at this time last year. That’s an increase of an astonishing 34%! This information was revealed at Apple’s annual SEC 10K [...]

(Electronics.ca PressCenter) - November 6, 2008. Montreal, Canada - According to a new market research report available at Electronics.ca Publications, Chemical Mechanical Polishing Equipment and Materials, the global market for chemical mechanic1 Vote(s)

General Motors Corp.'s financing unit posted a $2.52 billion net loss in third-quarter results released today, with red ink spread across GMAC Financial Services' housing and auto units.GM will take a $1.2 billion hit because it owns 49 percent of GMAC. The finance unit is controlled by Cerberus Capital Management LP, which owns 51 percent, a stake GM sold in 2006 for $7.4 billion in a move to rai

Ajman continues to pave the way for big real estate projects to be developed in the emirate by continuing to execute various infrastructure projects, including road networks, and water and drainage systems. The current total cost for these infrastructure projects is AED 408 million, and it is expected to cost a further AED 4 billion [...]

Now why would you consider investing in a country that has scoured the headlines due to various health issues and which has claimed some of their own local babies at that? There is no doubt that China is a rising power but their emphasis on quality control seems to be entirely questionable. And if you [...]

by Sammy Martin and Jayson Cruz LunaThe Department of Tourism claimed that the domestic tourism industry generated some $1 billion during the first quarter of 2008.Foreign tourist arrivals in the first quarter of the year rose marginally from a year earlier, still led by visitors from South Korea.The Tourism department, which sourced its data from arrival and departure cards and shipping manifests

Kentucky’s latest gambit in its encase close up to to a greater degree than 100 online playing for money and poker sites: Salary $1 billion. In one ongoing court of justice action, the U.S. public interest is attempting to dispose 141 sites to cessation doing avocation according to its residents. A sit in judgment in Kentucky [...]

In an attempt to rescue its massive mortgage portfolio, JPMorgan is planning a massive restructure modifying nearly 400,000 loans for home owners. JPMorgan is planning to offer new loan terms to homeowners at risk of defaulting. Banks have been highly criticized for not doing enough to prevent foreclosures. According to data from the Hope Now Alliance, the mortgage industry as a whole has over

Morocco has announced plans for a new campus providing knowledge-based services to strengthen research and training in clean technology. The 'knowledge campus' is part of a US$3.2 billion five-year renewable energy investment plan, prepared by the Moroccan National Electricity Office and scheduled to run between 2009 and 2014. Mouloud Ait Haddou, Morocco's general secretary of the Ministry of En

hedgefundfocus: Citadel is shutting down Fusion, its $1 billion fund of funds - More from MoneyScience.

The Boeing Company (NYSE: BA) has filed for a shelf registration to allow its Boeing Capital Corporation unit to raise up to $5,000,000,000.00 ($ billion) via... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

My phone rang and a frantic client asked, "What is this 700 billion dollar bailout mean and what is it going to do to my investments?" The answer that Warren Buffett gave on CNBC the morning of Sept. 24, 2008...

No this not about extreme raise to the 9th power makeover! Yesterday the hygienist did some really good job in cleaning my teeth. I give her 2 thumbs up for getting rid of stains (from coffee and cigarette) ewww… [I could still feel the minty fresh chorva on my mouth lasang bebelgum - bad news is [...]

Maybe about $23 Million.  It’s all still up in the air though – how much, where it would go, how to qualify, etc. After Congress agreed to help out Joe Six Pack, the U.S. Department of Housing and Urban Development, on Sept. 26, allocated more than 300 Neighborhood Stabilization Program grants to state and local jurisdictions [...]

I’ve been ignoring (as much as I can), the news that nearly 10% of the bailout plan is going to bonuses to the very people who screwed the economy. Story here. I don’t know who I am more pissed off at. The congress, Obama (judgement?) or my Democrat friends who supported: all despite evidence that this [...]

General Motors Corp and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler LLC, two sources with direct knowledge of the talks said on Monday.The government funding would include roughly $3 billion in exchange for preferred stock in the merged automaker, according to one of the sources, w

Reuters - British oil major BP Plc may have marked the oil industry's high point by reporting a record $10.0 billion third quarter replacement cost profit on Tuesday, as the recent collapse in crude prices ensures a tougher outlook.

This Monday, credit card issuing companies VISA and MASTERCARD announced that they have settled the anti-trust law suit filed by Discover Financial Services. Discover accused both of the companies of entering in to exclusivity contracts with banks. Such contracts prohibited banks and other financial institutions to issue competing cards. Discover filed for $6 billion as compensation but settled f

The Issue: The Legislative leadership of the California government announced that plans are underway for a special session of the California Legislature to consider the revenue shortfall that has been projected for the 2008-2009 California budget.  The budget gap, previously projected at $3 billion is now expected to be closer to $10 billion, the legislative [...]

Another victim of the economy seems to be GM who is going to merge with Chrysler, all I can say is what a mess; NEW YORK/DETROIT (Reuters) - General Motors Corp and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler LLC, two sources with direct knowledge of the talks said on Monday. The

Dubai creates water giant with German firmThe National - Abu Dhabi, United Arab Emirates Metito, a Dubai-based water company, announced today it would partner with a major German firm to create a US$1 billion (Dh3.67bn) regional heavyweight to bid for water projects in the GCC and North Africa.The new company, to be called Metito Berllinwasser, will compete with several well-established multinatio

Dh20bn tourism project at Bawadi Zawya - United Arab EmiratesBawadi, a member of Tatweer Dubai, yesterday signed an agreement with Dubai Properties, a member of  Dubai Properties Group (DPG), to develop a Dh20 billion tourism project over a 30 million sq ft area at Bawadi the mega hospitality and tourism destination being developed in Dubai. ...

Shares of AIG sunk 15 percent on Friday on growing concerns over the company's financial health. Figures released by the Federal Reserve showed that as of Wednesday AIG has borrowed $90.3 billion. The company stated that it would sell off certain business divisions in order to repay the loan.

We are all aware that life is hard these days and businesses really need the injection of additional funds to stay alive. It was already clarified that as far as the ASEAN countries are concerned, there has been no official subsidy on financial allocations for Asian Countries as stated by the World Bank. If you [...]