Online Report Text Item Information

FACTBOX: Where has the U.S. bailout money gone? | Reuters

Reuters
The figure includes $25 billion to expand the Federal Reserve's Term Asset-Backed Loan Facility, or TALF, to accept so-called legacy assets as collateral. -- The Treasury estimates that it will provide $218 billion in capital to banks under its original Capital Purchase Program, which was initially pegged at $250 billion. In its latest transaction report, covering the period ...

Sallie Says Flowers Won't Renegotiate $25 Bn Buyout

The student lender said it has indications of interest from 10 financial institutions for new secured warehouse funding of over $30 billion. Further, Sallie Mae on Wednesday estimated its fourth-quarter earnings at 52 cents to 57 cents a share ...

Lehman puts two bank units on market: source

Woodlands issues commercial and real estate loans to major corporations, short-term secured warehouse loans to borrowers and interest rate products, such as swap or derivative contracts. It does not conduct retail deposit operations and has no ...

Ex-Bear Stearns banker pleads guilty in fraud case

CHICAGO (Reuters) - A former municipal banker at Bear, Stearns & Co, pleaded guilty on Wednesday to fraud involving hospital financing that is part of a wide-ranging probe of government corruption in Illinois. P. Nicholas Hurtgen, who had been set to ...

Fair Advertising FAQ: A Guide for Small Business | Reuters

Reuters
A: According to the Federal Trade Commission Act and the FTC, an ad or business practice is unfair if: * it is not outweighed by the benefit to consumers. Q: How does the FTC determine if an ad is deceptive? A: A typical inquiry follows these steps: * The FTC looks at the ad from the point ...

Fed officials vow to use all tools to help economy

CHARLOTTE, North Carolina (Reuters) - Top Federal Reserve officials pledged on Friday to use all the tools at their disposal ... The Fed has cut interest rates to near zero and pumped hundreds of billions of dollars into stressed credit markets to try ...

U.S. property bust threatens condo "death spiral"

Dozens and perhaps hundreds of condo buildings have budget shortfalls as thousands of owners, under water on their mortgages or in foreclosure, stop paying monthly fees. "I call it a death spiral," Miami Beach city commissioner Jerry Libbin said. "It ...

House prices post first rise since 2007

LONDON (Reuters) - House prices rose for the first time since October 2007 in March, the Nationwide Building Society said on Thursday, but the lender cautioned against jumping to conclusions about a housing market rebound. Nationwide said house ...

U.S. bank clean-up may clash with accounting reforms

Some experts likened the accounting issues to similar problems in the U.S. housing market where foreclosure sales are often at prices below most perceptions of the values of similar properties in a neighborhood. "It's asking if someone is willing to ...

Homeowners put record amount in housing equity

Rising house prices in recent years encouraged people to refinance home loans to free up cash for other purposes, but housing equity withdrawal turned negative in the second quarter of 2008 for the first time in a decade as housing market suffered a ...

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