Showing Archived Posts

New York Stock Exchange, Icon of US Capitalism, Is Sold to Upstart

Posted December 20th, 2012 at 3:15 pm (UTC-5)
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An upstart competitor is buying the venerable New York Stock Exchange, long the symbol of robust American capitalism. The owner of the 220-year-old New York exchange, NYSE Euronext, said Thursday it has agreed to an $8.2 billion deal to sell the iconic Wall Street fixture to IntercontinentalExchange. The 12-year-old Atlanta-based bourse focuses on trading future […]

Tags: , , , , Posted in Economy

US to Wind Down Its General Motors Stake

Posted December 19th, 2012 at 10:05 am (UTC-5)
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The U.S. is winding down its stake in the country’s biggest auto maker, General Motors. GM said Wednesday it would pay $5.5 billion for 200 million shares of stock held by the government, with the United States likely to sell its remaining 300 million shares over the next 12 to 15 months. The U.S. rescued […]

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US Turning Big Profit on Controversial AIG Rescue

Posted December 11th, 2012 at 10:55 am (UTC-5)
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The U.S. is ending up with a sizeable profit on its controversial bailout of one of the world’s largest insurers during the worst days of the global economic downturn. The Treasury Department said it is selling 234 million shares in American International Group (AIG) on Tuesday at a profit of $7.6 billion, bringing its overall […]

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Pentagon Plans to Sell $6.7 Billion in Aircraft to Saudi Arabia

Posted November 9th, 2012 at 7:50 pm (UTC-5)
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The Pentagon has announced plans to sell $6.7 billion in military aircraft and other equipment to Saudi Arabia. The sale would include 20 C-130 cargo planes and five refueling aircraft. The Pentagon says Saudi Arabia requested the planes. Officials say the sale would contribute to U.S. national security by helping improve the security of a […]

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US Sells 10-year Bonds at Record Low Rate

Posted August 10th, 2011 at 3:20 pm (UTC-5)
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For the second day in a row, the United States has been able to sell government bonds at an all-time low interest rate, even after its top credit rating was downgraded. The U.S. auctioned $24 billion in 10-year securities on Wednesday at a record low 2.14 percent interest rate, after selling three-year bonds at an […]

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US Successfully Sells First Bonds with Downgraded Credit Rating

Posted August 9th, 2011 at 3:25 pm (UTC-5)
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The United States has successfully sold its first bonds since the country’s credit rating was downgraded, and at a record low interest rate. Investors have lost billions of dollars in the value of their stock holdings at exchanges throughout the world as the markets reacted to Standard & Poor’s U.S. credit rating downgrade last Friday […]

Tags: , , Posted in Economy

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