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Business News

Big rally on Wall Street

Feb. 6, 2009
Bank and housing shares led a broad rally Friday as optimism about the government's economic stimulus bill and the new version of the bank bailout plan countered unease following the brutal January jobs report.
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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.
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.

Obama: Bailout must have oversight

WASHINGTON, Sept. 23 (UPI) -- Democratic presidential candidate Barack Obama said he'd support a bailout of U.S. financial markets only if it had proper oversight and protects taxpayers.

Bank of China's IPO looks like a bonanza

HONG KONG, May 24 (UPI) -- Bank of China Ltd., the nation's second-largest bank by assets, aims to get $9.72 billion in what would be China's biggest initial public offering.

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