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Paulson Lacks Leverage To Compel Banks To Put New Cash To Work - Bloomberg
oct. 15 (bloomberg) -- treasury secretary henry paulson persuaded nine major u.s. banks to accept $125 billion in government investment. getting them to lend it out may prove a tougher sell. the equity stakes the government is purchasing in citigroup ...
www.bloomberg.com

U.s. Budget Deficit Swells To Record $455 billion
the u.s. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the treasury department said on tuesday.
news.yahoo.com

Deficit Hits $455 billion, Highest Percent Since ?04
the federal budget deficit rose to $455 billion in the fiscal year that ended sept. 30 as financial market strains slowed economic growth while spending rose the most since 1990.
www.nytimes.com

Wall Street Ponders A Jittery Future - Detroit News
new york -- wall street ended a relatively calm session with a moderate loss tuesday as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, decided to cash in some of their profits from the ...
www.detnews.com

Rio May Delay $10 billion Asset Sale On Market Crisis (update2) - Bloomberg
oct. 15 (bloomberg) -- rio tinto group , battling a $86 billion takeover bid from bhp billiton ltd., may delay the planned sale this year of $10 billion of assets because of the global financial crisis. the company is also reviewing its near-term ...
www.bloomberg.com

Australia Plans $7.4 billion To Boost Economy
prime minister kevin rudd says his government will inject 10.4 billion australian dollars (us$7.4 billion) into the australian economy to strengthen it.
www.usatoday.com

France's Lower House Approves $491 billion Bank Rescue
france's lower house of parliament adopted a 360 billion euro ($491 billion) rescue plan tuesday aimed at unblocking credit markets and ensuring the nation's banks don't collapse.
www.usatoday.com

7 Banks Found To Help Enron Disguise Debt - Baltimore Sun
washington - seven major investment banks gave enron corp. multimillion-dollar loans that helped the now-bankrupt company disguise its financial condition, and in some cases, they knew that enron was using deceptive accounting for the loans, a senate ...
www.baltimoresun.com

Japan World Trade Barometer Shrinks - Cnn
tokyo, japan (ap) -- japan's current account surplus in august shrank 52.5 percent from a year earlier as the country's spending on oil imports soared, the finance ministry said wednesday. the surplus in the current account, the broadest measure of ...
edition.cnn.com

Bush: Treasury Will Take $250 billion Stake In Banks
president bush on tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it."
www.usatoday.com

Drama Behind A $250 billion Banking Deal
describing a plan to inject $250 billion into the financial system, the treasury secretary called on banks to "not take this new capital to hoard it, but to deploy it."
www.iht.com

Federal Bank Buy-in No Economic Quick-fix - Forbes
with any luck, the government's quarter-trillion dollar cash infusion in banks will get them lending again, but the radical move won't quickly turn around the tottering economy. the pain will almost certainly drag on as vanishing jobs, shrinking ...
www.forbes.com

Intel Expects Profits To Hold Up In 4q - Boston Globe
san jose, calif.— intel corp. has provided some insight into the state of global pc demand, telling wall street that while technology spending may be slumping, the chip maker fully expects its profits to hold steady. the santa clara-based company ...
www.boston.com

U.s. To Take $250 billion Bank Stakes, Markets Slip
the united states ushered in a new era in banking on tuesday with plans to take equity stakes totaling up to $250 billion in financial institutions, an incursion into the private sector that u.s. officials called a regrettable last resort.
news.yahoo.com

Bank Stocks Surge As Government Pumps In $250 billion
new york (reuters) - bank stocks soared on tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confidence and share prices.
www.washingtonpost.com

Paulson's Change In Rescue Tactics - Washington Post
treasury secretary henry m. paulson jr. eventually decided to invest directly in banks. (by dominic bracco ii -- the washington post) even as president bush signed the $700 billion rescue plan for the financial system two fridays ago, treasury ...
www.washingtonpost.com

Update 1-rio Tinto Warns On China, Reviews Sale Timeline - Cnbc
sydney, oct 15 (reuters) - global miner rio tinto warned on wednesday of slowing chinese demand for commodities because of the world financial crisis and signalled a possible delay in plans to sell $10 billion in assets. rio, which had planned to ...
www.cnbc.com

Obama Says He Would Act Fast On $25 billion Auto Loans
democrat barack obama said on tuesday that as president he would demand that up to $25 billion in government loans targeted for distressed u.s. automakers be distributed quickly.
news.yahoo.com

Mccain Proposes $52.5 billion Economic Plan
john mccain, echoing both barack obama and republican orthodoxy, proposed a $52.5 billion economic plan tuesday that would eliminate taxes on unemployment benefits and cut the capital gains tax. he warned voters about taking a chance on his democratic rival.
news.yahoo.com

Backers Push Bullet-train Measure As A Dramatic Change In California ... - Los Angeles Times
sacramento -- for a quarter century it has been a california dream on one drafting board or another -- a bullet train system so novel, environmentally friendly and fleet that it could reshape transportation in the car-crazy golden state. now, state ...
www.latimes.com