Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Europe's Stocks Plunge Despite Massive British Rescue Plan

Oct. 9, 2008
LONDON, Oct. 8 -- Britain's mammoth new bank bailout plan, potentially nearly as large as the rescue package in the United States, failed to calm European investors Wednesday after its early morning emergency announcement. All over the continent, stocks dropped sharply again and even some of the...
Related Stories from UPI.com

House grills Treasury on bailout

WASHINGTON, Nov. 14 (UPI) -- A U.S. House panel kept up the congressional criticism of the Treasury Department's handling of the $700 billion financial bailout Friday.
Steinbrueck: Financial crisis end distant

Steinbrueck: Financial crisis end distant

BERLIN, Oct. 25 (UPI) -- German Finance Minister Peer Steinbrueck says the world's ongoing economic malaise likely will not end until late 2009.

Treasury considers helping U.S. insurers

WASHINGTON, Oct. 24 (UPI) -- The U.S. Treasury Department is trying to fit insurance companies into the $700 billion federal bailout package designed primarily for 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.
Ralph Nader slams bank bailout plan

Ralph Nader slams bank bailout plan

NEW YORK, Oct. 17 (UPI) -- Independent U.S presidential candidate Ralph Nader said during a New York appearance that the bank rescue plan only helps large corporations.
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.

Paulson lays bailout implementation plans

WASHINGTON, Oct. 4 (UPI) -- U.S. Treasury Secretary Henry Paulson is considering who to hire to lead the implementation of a $700 billion financial industry bailout plan, sources said.
Survey: A majority want a new rescue plan

Survey: A majority want a new rescue plan

PRINCETON, N.J., Oct. 2 (UPI) -- A majority of U.S. adults polled indicated they are in favor of a rescue package for the economy but 57 percent want a brand new plan, a survey said.

Bush: GOP, Dems will pass bailout package

WASHINGTON, Sept. 26 (UPI) -- U.S. President George Bush expressed optimism Friday that "Republicans and Democrats would come together" and pass a Wall Street bailout plan.
U.S. plans comprehensive bailout plan

U.S. plans comprehensive bailout plan

WASHINGTON, Sept. 19 (UPI) -- The U.S. government is considering a plan to absorb the nation's financial ills and restore equilibrium on Wall Street at a cost of billions, sources said.
Regulators inspecting Fannie and Freddie

Regulators inspecting Fannie and Freddie

WASHINGTON, July 22 (UPI) -- Regulators are examining the books of the two largest U.S. mortgage brokers in advance of congressional votes on a federal rescue plan, officials said.

NASA plans for an emergency space rescue

CAPE KENNEDY, Fla., July 12 (UPI) -- NASA scientists reportedly are ready with a plan called "Safe Haven" should the Discovery shuttle set for launch Wednesday experience a major problem.

British Energy accepts rescue package

LONDON, Oct. 1 (UPI) -- Nuclear power producer British Energy agreed Wednesday to a $2 billion rescue package with its creditors, saving it from receivership.

Hynix creditors agree on new rescue plan

SEOUL, Oct. 31 (UPI) -- Creditors of South Korea's Hynix Semiconductor Inc. on Wednesday agreed to push through a controversial package to rescue the ailing memory chip giant, bankers

Hynix creditors agree on fresh rescue plan

SEOUL, Oct. 31 (UPI) -- Creditors of South Korea's Hynix Semiconductor Inc. on Wednesday agreed to push through a controversial package to rescue the ailing memory chip giant. Hynix, t
1 of 29
French Open tennis in Paris
View Caption
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