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For the first time since the Great Depression, the U.S. government will buy an ownership stake in a broad array of American banks.
... operations and staving off severe problems for businesses and everyday Americans alike. It would mark ... grip on investors worldwide even as the United States and other countries have taken a series ...
Investing in pension plan is no longer seen as a good idea

THERE has been a sharp drop in the numbers of people who think it is a good idea to invest in a pension, reflecting acute losses on stock markets.

Plan Pushed for Government to Buy Bank Stocks
... of inward-looking policies. Although we in the United States are taking many extraordinary measures to ease ... a former U.S. diplomat, trade negotiator and business executive. For the poor, the costs of ...
Irish plan 'not as good as UK model and will prolong crisis'

THE British bank rescue plan is a better model than the Irish guarantee plans, John FitzGerald, senior researcher at the Economic and Social Research Institute, said yesterday.

Iceland on brink of 'national bankruptcy' over bank crisis

Iceland's Prime Minister has given a televised speech warning that the country faces possible "national bankruptcy" due to the global financial crisis.

PRSI move will cost families up to €2,000 per annum

MIDDLE-income families could end up paying additional tax of between €1,000 and €2,000 a year under changes to the PRSI system anticipated in next week's Budget.

ECB says Ireland should have consulted on bank plan

"It would have been advisable to properly consult other EU authorities on the envisaged legislative plans," ECB says.

Homeloans slump forces 'broker of the year' to close

INNOVATIVE mortgage broker Rea Mortgages is to shut down due to the collapse in the home-loans market.

O'Dea denies reports of imminent Dell closure

Defence Minister Willie O'Dea has denied being informed by Dell executives that the computer giant plans to end its Irish operations early next year.

ECB cuts interest rates in co-ordinated global move

The European Central Bank has cut interest rates by half of one percentage point today as part of a co-ordinated cut in interest rates across the world.

Buffett's new instant share profits vanish

Billionaire investor Warren Buffett's instant paper profits on Goldman Sachs Group Inc and General Electric Co have been wiped out amid the stock market's worst yearly slump since 1937.

Darling defends half-trillion pound package

Chancellor of the Exchequer Alistair Darling said a 500 billion-pound (€643 billion) rescue package, the biggest in U.K. history, will ''go a long way'' to prevent the banking system from collapse.

Energy prices halt dip in the cost of living

THE recent decline in inflation has ground to a halt, with higher energy costs ensuring that the annual rate remained unchanged last month.

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