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Stimulus Spending Hits $216 Billion
Region: United StatesThe federal government has paid out $216 billion, or 27 percent of the stimulus package, according to the latest numbers from Recovery.gov and the most recent available estimates [1] (PDF) of tax cuts issued so far. The ... more
Views: 144How Big is AIG's Bailout?
Region: United StatesAIG has been selling off bits and pieces of its once-great empire in an effort to chip away at what it owes the American taxpayer and the Federal Reserve. Until it repays that debt, the company will remain in the awk... more
Views: 362PCB must ease financial woes says Butt
Region: Pakistan"The PCB's finances stood at 3.37 billion rupees in October 2006 (when Ashraf took charge), but when I took over as the chairman it was just 1.53 billion rupees. It now stands at 1.51 billion rupees," said PCB Chairman Ija... more
Views: 401Billionaire Blow Ups Of 2008
Region: United StatesDozens of the world's wealthiest lost billions in recent months, but these 10 distinguish themselves for some of the biggest flops. It was a dreadful year for the world's wealthiest as markets and currencies around ... more
Views: 1379Additional $1.5 Bln Aid for Quake Victims Announced by U.S.
Region: PakistanPakistan: For earthquake victims in Balochistan, U.S. has announced additional aid of 1.5 billion dollars. U.S. will provide this emergency 1.5 billion dollar aid t immediately o Pakistan government which combine to aggr... more
Views: 651World's Top 10 companies - Forbes list
Region: IndiaTOP 10 Companies: Forbes List The rankings are based on a combination of the sales, profits, assets and market capitalization of these companies. Check out the world's top ten companies... below.. ... more
Views: 1409American International Group Inc planned to raise $12.5 billion in capital
Region: United StatesAmerican International Group Inc. (AIG), New York-based insurer said that over the past month had raised $20 billion in capital, which is 60 per cent or $8 billion more than projected, in a move to prop up its balance shee... more
Views: 571HP and EDS, Multi-Billion Dollar Deal in the Works
Region: United StatesPC World reports that Hewlett-Packard is currently in talks to acquire IT services company Electronic Data Systems. According to a recent report in the Wall Street Journal, the price for EDS could reach up to about US$13 b... more
Views: 904EBRD adopts new strategy for Romania
Region: RomaniaThe European Bank for Reconstruction and Development Bank (EBRD) adopted a new investment strategy for Romania which outlines its three years time priorities, an official press release of the bank informs. Thus, EBRD inves... more
Views: 697India Offers $450 million Fresh Aid to rebuild the Afghanistan
Region: AfghanistanManmohan Singh, the Prime Minister of India announced on Monday, a fresh aid of $450 million for rebuilding the violence-ravaged country, Afghanistan. Manmohan told in a note that many workers are died in a fresh ravage i... more
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