Posts Tagged ‘billion’
Rogue trader suspected in $2 billion loss at UBS (AP)
AP – Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades.
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Obama to appeal for $450 billion plan to spur jobs (AP)
AP – Struggling to fix the sickly economy, President Barack Obama planned to appeal to Congress Thursday night to support nearly $450 billion in tax cuts and federal spending, including deeper payroll tax cuts to keep more cash in the pockets of dispirited Americans. His message to Republican lawmakers heading into re-election campaigns: You’d better help.
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Obama proposes $300 billion jobs plan
The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again.
View full post on NYDailyNews.com – Breaking News
Obama to propose $300 billion in cuts
The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again.
View full post on NYDailyNews.com – Breaking News
Obama to propose $300 billion to jump-start jobs (AP)
AP – The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech.
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Buffett invests $5 billion in Bank of America (AP)
AP – Warren Buffett is coming to the rescue of another fallen giant.
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Defense facing cuts up to $850 billion over decade (AP)
AP – A military fighting three wars is staring down budget cuts of up to $850 billion over a decade, some of the deepest reductions since the end of the Cold War. Yet under the compromise struck by President Barack Obama and congressional leaders to avert the nation’s first-ever financial default, the near-term impact on the troops, aircraft, ships and weapons may be far less onerous than Republicans and Democrats fear.
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