Archive for February 2009

Under criticism that banks were receiving billions of dollars in taxpayer money with little accountability, the Treasury Department unveiled a new plan this morning to remove toxic assets from banks’ books and encourage $1 trillion …

Sales of U.S. magazines at retail outlets fell 11 percent in the second half of 2008, but overall circulation was down just 0.9 percent, according to figures from the Audit Bureau of Circulations, the Associated …

WB Capital Management Inc. has named Jon Augustine as its chief investment officer. Augustine has 27 years of experience in the financial services industry, most recently as director and equity group manager for WB Capital. …

Principal Financial Group Inc. reported a net loss of $7.5 million, or 3 cents per share, for the fourth quarter and a sharp decrease in annual earnings for 2008.

For the year ending Dec. 31, …

A business research firm released a report today of government and independent labor market studies that show the fastest decline in employment measures since 1974, CNNMoney reported.

The Conference Board said its January employment trends …

In an effort to gain support for his $800 billion economic recovery plan, President Barack Obama has hit the road today to host a town hall meeting and hold his first-ever primetime news conference, Reuters …

Construction of Mercy Medical Center – West Lakes is proceeding as scheduled, despite rumors that the project has been halted due to budget constraints, a Mercy official said this morning. “We have heard it from …