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Business News

Bank stocks rally, others slump

Feb. 9, 2009
Financial shares rallied Monday morning ahead of the announcement of the new bank bailout plan, but the broader market struggled on uncertainty about the economic stimulus plan.
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Bailout to push private firms to action

WASHINGTON, Feb. 9 (UPI) -- A financial plan the U.S. government is to unveil Tuesday will include a guarantee of frozen assets meant to push private firms into action, officials said.

Britain's bailout plan grows

LONDON, Jan. 19 (UPI) -- The British government unveiled new bank-saving measures Monday as the country's largest banks remain mired in turmoil.

Barclays stock plummets

LONDON, Jan. 17 (UPI) -- Stocks of Barclays, Britain's third largest bank, plummeted Friday after the ban on the short-selling of banking shares was lifted.

Treasury to announce new round of funding

WASHINGTON, Oct. 24 (UPI) -- The U.S. Treasury, pushing to show progress in the federal bailout plan, is poised to announce a round of investments in regional banks, sources said.

Norway raids bank for pre-bailout trades

OSLO, Norway, Oct. 23 (UPI) -- Norwegian authorities charged the country's largest bank with insider trading based on its alleged foreknowledge of a government financial bailout plan.
Germany approves $674B bank bailout plan

Germany approves $674B bank bailout plan

BERLIN, Oct. 17 (UPI) -- A German official says President Horst Kohler and Parliament members approved a bank bailout plan Friday worth more than $674 billion.
Treasury considers bank purchasing plan

Treasury considers bank purchasing plan

WASHINGTON, Oct. 9 (UPI) -- The U.S. Treasury Department said it is considering a plan of buying bank shares to restore confidence in lending.
Britain pledges massive bank bailout

Britain pledges massive bank bailout

LONDON, Oct. 8 (UPI) -- British leaders Wednesday pledged a multibillion-dollar package to help their country's troubled banking industry.

Markets await stimulus plan

NEW YORK, Jan. 7 (UPI) --

Bank Internasional Indonesia's 2nd bailout

SINGAPORE, May 13 (UPI) -- The troubled PT Bank Internasional Indonesia will get a second financial bailout when the Indonesian government launches a $461 million rights issue later this
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French Open tennis in Paris
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Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa