Posts Tagged ‘Business’

Bank of America posts a profit

Linda Young – AHN News Writer New York, NY, United States (AHN) – Bank of America reported a fourth-quarter profit of $2 billion compared with a $1.2 billion loss in the same period in 2010. The nation’s second largest lender said it had a full-year net profit of $1.4 billion compared with a net loss [...]

SEC charges former Freddie and Fannie execs with fraud

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – The Securities and Exchange Commission on Friday charged six former executives of Fannie Mae and Freddie Mac with securities fraud for misrepresenting the holdings of their high-risk mortgage loans. Targeted were three former execs of Freddie Mac, including CEO Daniel Mudd, chief risk [...]

Cavs owner Dan Gilbert on list of richest Americans

John Nestor – AHN Sports Correspondent Cleveland, OH, United States (AHN Sports) – Cleveland Cavaliers owner Dan Gilbert can only hope his basketball team has as much success in the NBA as he has had in business of late. The founder of Quicken Loans, Gilbert was on Forbes Magazine’s list of the 400 wealthiest Americans. [...]

Insurers See Growing Risks As Well As Revenues In Medicaid Managed Care

Washington, DC, United States (KaiserHealth) – McALLEN, Texas – Sanjuanita Espinoza, 55, doesn’t seem like a gold mine for private insurers. She’s disabled, has high blood pressure and has no family to help with her care. Yet, to some Texas insurers, she is an opportunity. In August, the state picked five health plans in South [...]

Demonstrators, police clash in Chile strike

Windsor Genova – AHN News News Writer Santiago, Chile (AHN) – Demonstrators and police clashed Wednesday at the start of a two-day general strike in Chile’s capital Santiago injuring 11 people. Police arrested 35 people as the country’s leading labor union, CGT, launched the strike in support of university students’ protests to demand free education [...]

Bank of America announces another 3,500 job cuts

Linda Young – AHN News Writer Charlotte, NC, United States (AHN) – Bank of America has announced it would slash 3,500 jobs in addition to the 2,500 it let go earlier this year. The bank is under pressure from investors to increase profitability and analysts say that pressure will likely cause additional job cuts that [...]

Overcoming greed in business

The world is now facing numerous problems including corruption, but the root of it is greed. But we cannot correct a situation without identifying the root. It can be excessive desires for food, wealth, sex, fame or power. Mankind will do anything to acquire… View full post on Business Stories

USA : Jobless Rate Worsens to 9.1 Percent with Anemic Job Growth

Source: AFL-CIO View full post on Business Stories

Mladic to Be Extradited on War-Crimes Charges

Ratko Mladic, the former Bosnian Serb military commander arrested on genocide charges, will be extradited to an international war-crimes tribunal in The Hague within a week, Serbia’s deputy war-crimes prosecutor said. View full post on Business Stories

DLF gets I-T notices for Rs 1,703 crore

Realty major DLF has said the Income Tax Authorities have slapped additional tax notices for over Rs 1,700 crore (Rs 17 billion) pertaining to 2008-09 assessment year after being disallowed its profits in SEZ projects. View full post on Business Stories

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