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Financial Industry News
  • A400M saved by German bail-out plan BERLIN, March 8 (UPI) -- Following long and protracted talks, the European Aeronautic Defense and Space Company and seven European governments struck a deal to save the Airbus A400M plane, Europe's...
    March 8, 2010 3:26 AM
  • Research and Markets: Governments Stimulus Packages Perk up Growth in the Passenger Vehicle... BusinessWire - Research and Markets (http://www.researchandmarkets.com/research/87fbb8/passenger_vehicle) has announced the addition of Frost & Sullivan's new report 'Passenger Vehicle Tires...
    March 7, 2010 11:06 PM
  • Research and Markets: Governments Stimulus Packages Perk up Growth in the Passenger Vehicle Tires Aftermarket in China DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/87fbb8/passenger_vehicle) has announced the addition of Frost & Sullivan's new report "Passenger...
    March 7, 2010 10:49 PM
  • NTUA Pursuing U.S. Stimulus Funds for 4G Network To Trial DragonWave's Industry Leading Solution OTTAWA, CANADA -- (MARKET WIRE) -- 03/08/10 -- DragonWave Inc. (TSX: DWI) (NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced...
    March 8, 2010 2:00 AM
  • Germany Backs European Version of IMF Germany expressed support for creating a "European Monetary Fund" that could bail out indebted nations in the euro zone, showing how Greece's debt crisis is forcing Europe to rethink the institutional...
    March 7, 2010 11:40 AM
  • BAE Systems to Provide Onboard Vehicle Power System for Evaluation by U.S. Marine Corps JOHNSON CITY, N.Y.BAE Systems has received a contract to develop an onboard vehicle power management system designed to improve U.S. Marine Corps The system will more than triple the HMMWVs electric...
    March 8, 2010 3:58 AM
  • NTUA to Trial DragonWaves New Horizon Quantum Radio for LTE Pilot on Navajo Nation Email a Friend Latest News Releases NTUA Pursuing U.S. Stimulus Funds for 4G Network To Trial DragonWaves Industry Leading Solution OTTAWA, CANADA--(Marketwire - March 8, 2010) - DragonWave...
    March 8, 2010 2:47 AM
  • Germany says to make bank charge proposal in April BERLIN, March 8 (Reuters) - Germany will make a suggestion in April on a charge for banks to share the costs of funding bailouts, a Finance Ministry spokesman said on Monday. (Reporting...
    March 8, 2010 1:15 AM
  • UPDATE 4-Oil hits 8-week high on weak dollar * Prices buoyed by weaker dollar and signs of U.S. recovery* Money managers increase net NYMEX crude longs-CFTC* Coming up: U.S. employment trend index for Feb, 1500 GMT LONDON, March 8 (Reuters)...
    March 7, 2010 11:38 PM
  • UPDATE 1-Oil near 8-week high on weak dollar, technicals * Prices buoyed by weaker dollar and signs of U.S. recovery* Money managers increase net NYMEX crude longs-CFTC* Coming up: Euro zone March sentix index; 0930 GMT LONDON, March 8 (Reuters) -...
    March 7, 2010 10:18 PM
  • Merkel warns on need for EU fund treaty The European Union will need a new treaty to create a European Monetary Fund, modelled on the International Monetary Fund, both to bail out member states of the eurozone in crisis,...
    March 7, 2010 7:00 PM
  • Merkel warns on need for EU fund treaty By Quentin Peel in Berlin Published: March 8 2010 18:10 | Last updated: March 8 2010 18:10The European Union will need a new treaty to create a European Monetary Fund, modelled on the International...
    March 8, 2010 7:10 AM
  • MetLife to buy AIG's Alico unit for $15.5 billion NEW YORK (Reuters) - AIG AIG.N is selling its foreign life insurance unit to MetLife Inc MET.N for about $15.5 billion, in a deal that would help the U.S. government recover billions in bailout...
    March 8, 2010 1:52 AM
  • Op-Ed Contributor: Slug on the Tracks President Obama has repeatedly insisted that there is no reason why Europe or China, rather than the United States, should have the world's fastest trains, and since coming to office he has committed...
    March 7, 2010 9:35 PM
  • Irish bad bank plan raises sovereign risk Irish bank shares rallied strongly last week, with Allied Irish Banks closing the week up 40 per cent and Bank of Ireland rising more than 20 per cent, as investors reassessed their...
    March 7, 2010 7:00 PM
  • RBS eyes securities licence in China- FT LONDON, March 7 (Reuters) - Royal Bank of Scotland has applied for a securities licence in China, as it seeks to expand its presence in the country, the Financial Times reported in its Monday...
    March 7, 2010 1:40 PM
  • "Buy American" Proposal Puts a Texas Windfarm in Jeopardy Speculation has been swirling for a few months now that legislation would be passed putting the kibosh on the big 600MW Texas wind farm being developed by Shenyang Group (which A-Power has majority...
    March 8, 2010 8:28 AM
  • MetLife buying AIG's Alico unit for $15.5 billion NEW YORK (Reuters) - AIG AIG.N is selling its foreign life insurance unit to MetLife Inc MET.N for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3...
    March 8, 2010 7:15 AM
  • UPDATE 4-MetLife buying AIG's Alico unit for $15.5 bln NEW YORK, March 8 (Reuters) - AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3...
    March 8, 2010 4:33 AM
  • MetLife to buy AIG's Alico is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds...>]]>
    March 8, 2010 3:13 AM
  • UPDATE 3-MetLife buying AIG's Alico unit for $15.5 bln NEW YORK, March 8 (Reuters) - AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive...
    March 8, 2010 2:57 AM
  • UPDATE 2-MetLife to buy AIG's Alico unit for $15.5 billion NEW YORK, March 8 (Reuters) - AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, in its second major asset sale in a week to repay the U.S. government billions...
    March 8, 2010 2:03 AM
  • ADC Features Fiber Solutions at RIITA Conference and Customer Advisory Council Meeting BusinessWire - --Advisory Council Sessions Enable Dialogue with Customers --Provide Forum for Exchange of Ideas, Challenges ADC (NASDAQ: ADCT) (www.adc.com), today announced that it will feature...
    March 8, 2010 2:00 AM
  • STOCKS NEWS US-MetLife to buy AIG's Alico unit for $15.5 bln Stocks on the move Real-time equity news U.S. stock market report 0656 EST 8March2010-MetLife to buy AIG's ------------------------------------------------------------------------------...
    March 8, 2010 1:55 AM
  • ADC Features Fiber Solutions at RIITA Conference and Customer ADC ADCT (www.adc.com), today announced that it will feature its portfolio of fiber-to-the-x (FTTX) solutions at the Rural Iowa Independent Telephone Association (RIITA) Conference and Exposition,...
    March 8, 2010 1:45 AM
  • MetLife buys Alico from AIG for $15bn By Francesco Guerrera and Justin Baer in New York Published: March 6 2010 01:47 | Last updated: March 8 2010 11:51AIG has agreed to sell Alico, its international life assurance business, to MetLife...
    March 8, 2010 12:51 AM
  • Irish bad bank plan raises sovereign risk By John Murray Brown Published: March 8 2010 02:06 | Last updated: March 8 2010 02:06Exit strategy: despite last week’s rally, Bank of Ireland needs to raise nearly €2.2bnIrish bank shares rallied...
    March 7, 2010 3:06 PM
  • MetLife seals Alico deal after two-year quest pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads...>]]>
    March 8, 2010 8:35 AM
  • EU, ECB lock horns over IMF-style rescue fund BRUSSELS (Reuters) - European policymakers came out in support of a rescue fund that would mark a new phase of economic cooperation within the 16-nation euro zone, setting them on a potential...
    March 8, 2010 8:09 AM
  • European Monetary Fund Gains Favor The European Commission is in early stage talks with euro-zone countries about setting up a "European Monetary Fund" or a similar mechanism to improve economic cooperation and surveillance in...
    March 8, 2010 6:29 AM
  • Cash In On Cash For Appliances You've probably heard about the government's "Cash for Clunkers" Program, where you could trade in your gas-guzzling old car for a nice rebate toward a more efficient, new set of wheels. Now...
    March 8, 2010 4:30 AM
  • Europe Monetary Fund Gains Favor The European Commission is in early stage talks with euro-zone countries about setting up a "European Monetary Fund" or a similar mechanism to improve economic cooperation and surveillance in...
    March 8, 2010 4:04 AM
  • Cavico Corp. Says Vietnam's Economy is Expected to Grow More Than 6.5% This Year, Which is Likely to Fuel Company Growth HANOI, VietnamChairman and CEO Ha Quang Bui of Cavico Corp. (NASDAQ Vietnamese Minister of Planning and Investment Vo Hong Phuc said that since January 2010, in comparison with the year earlier...
    March 8, 2010 2:56 AM
  • Europe Fund Gains Favor The European Commission is in early stage talks with euro-zone countries about setting up a "European Monetary Fund" or a similar mechanism to improve economic cooperation and surveillance in...
    March 8, 2010 2:44 AM
  • European Monetary Fund Q&A Why has Germany suddenly proposed a European Monetary Fund?The turmoil over Greece's public finances has shown Europe's monetary union, which today has 16 member states, ill equipped...
    March 7, 2010 7:00 PM
  • UPDATE 5-MetLife seals Alico deal after two-year quest * AIG shares up 3.4 pct, MetLife up 4 pct (Rewrites first few paragraphs, adds MetLife president and analyst comments, updates share price) By NEW YORK, March 8 (Reuters) - MetLife Inc (MET.N)...
    March 8, 2010 7:42 AM
  • KeyOn Provides Update on Broadband Stimulus Applications and Announces Conference Call To Provide Further Detail Company to discuss the results of its stimulus applications under the American Recovery and Reinvestment Act of 2009 (ARRA) and future plans under Round Two of this programOMAHA, Neb.--(BUSINESS...
    March 8, 2010 3:39 AM
  • Governor Patterson Announces Success Allocating 100% of ARRA Funding for Clean and Drinking Water Projects ALBANY, N.Y., Feb. 17 -- The New York State Environmental Facilities Corporation issued the following news release: Governor David A. Paterson today announced that the New York State Environmental...
    March 7, 2010 4:46 PM
  • Comprehensive Report From Delaware's Stimulus Czar WILMINGTON, Del., Oct. 29 -- Lt. Gov. John C. Carney Jr., D-Del., issued the following news release: Lieutenant Governor Matthew P. Denn, appointed by the Governor to oversee Delaware's implementation...
    March 7, 2010 2:18 PM
  • BRIEF-Italy Feb sports bets up 10.71 pct-AAMS WASHINGTON (Reuters) - President Barack Obama on Monday criticized U.S. health insurance companies for raising premiums and denying coverage to the sick, as he sought to rally Democratic support...
    March 8, 2010 4:52 AM
  • Ann Arbor Transportation Authority Receives $2.2 Million American ARRA Award WASHINGTON, DC - Rep. John D. Dingell, D-Mich. (15th CD), issued the following news release:Congressman John D. Dingell (D-MI15) announced today that the Ann Arbor Transportation Authority (AATA)...
    March 8, 2010 3:42 AM
  • Warren Buffett -- The Oracle's Greatest Hits: Poll 9:01am EST The Street More from Reuters LONDON (Reuters) - Easing fears about the U.S. economy and European debt buoyed world equity markets on Monday, extending a rally that has taken...
    March 8, 2010 3:25 AM
  • Reliance offer not sufficiently valuable -Lyondell LONDON (Reuters) - Easing fears about the U.S. economy and European debt buoyed world equity markets on Monday, extending a rally that has taken many bourses into positive territory for the year....
    March 7, 2010 10:07 PM
  • UPDATE 1-PRESS DIGEST - China - March 8 CHINA SECURITIES JOURNAL -- Large Chinese financial institutions that raise funds should arrange their timing properly so that their activities do not collide and there is an orderly...
    March 7, 2010 3:20 PM
  • NYSDOT Announces Award Of First Economic Recovery Project On Long Island ALBANY, N.Y., June 15 -- The New York State Department of Transportation issued the following news release: The New York State Department of Transportation (NYSDOT) today announced the award...
    March 7, 2010 10:36 AM
  • NYSDOT Announces Construction Of Economic Recovery Project ALBANY, N.Y., June 24 -- The New York State Department of Transportation issued the following news release: New York State Department of Transportation (NYSDOT) Genesee Valley Acting Regional...
    March 7, 2010 10:20 AM
  • NYSDOT Announces Construction Of Economic Recovery Project In Genesee County ALBANY, N.Y., July 2 -- The New York State Department of Transportation issued the following news release: New York State Department of Transportation (NYSDOT) Acting Commissioner Stanley Gee...
    March 7, 2010 9:32 AM
  • NYSDOT Announces Construction Of Economic Recovery Project In Monroe County ALBANY, N.Y., July 3 -- The New York State Department of Transportation issued the following news release: New York State Department of Transportation (NYSDOT) Acting Commissioner Stanley Gee...
    March 7, 2010 9:25 AM
  • NYSDOT Announces Award Of First Economic Recovery Project In Southern Tier Region 9 ALBANY, N.Y., July 9 -- The New York State Department of Transportation issued the following news release: The New York State Department of Transportation (NYSDOT) today announced the award of...
    March 7, 2010 9:16 AM
  • Solon Jumps on Report of Possible German State Aid - Bloomberg By Jeremy van Loon March 8 (Bloomberg) -- Solon SE jumped 26 percent in German trading on a report that the unprofitable maker of solar panels may get state aid guarantees. Solon, the...
    March 8, 2010 7:17 AM
  • UPDATE 1-MetLife to buy AIG's Alico unit for $15.5 billion * MetLife to pay $6.8 bln cash, $8.7 bln equity* Alico boosts MetLife in Japan, other markets* AIG to use proceeds to pay back U.S. government* AIG shares up 10 cts at $28.18 NEW YORK, March...
    March 8, 2010 1:42 AM
  • M-DCPS Awarded $3.5 Million Recovery Act Grant to Expand Broadband Internet Access, Spur Economic Growth (3/5/10) M-DCPS Awarded $3.5 Million Recovery Act Grant to Expand Broadband Internet Access, Spur Economic GrowthMIAMI, March 5 -- The Miami-Dade County Public Schools issued the following news release:Miami-Dade...
    March 8, 2010 12:55 AM
  • RBS Pays Nine Executives Total of $15 Million in Stock Bonuses - Bloomberg By Jeremy van Loon March 8 (Bloomberg) -- Shares of Solon SE, the German maker of solar panels, jumped as much as 21 percent following a report that the unprofitable company may get state...
    March 8, 2010 12:46 AM
  • Groundbreaking on $22 million ARRA project at L.A. Port set for Monday The groundbreaking will take place at 9:30 a.m. Monday at the Intersection of Harry Bridges Boulevard and Neptune Ave. in Wilmington and according to a news release from the port it is 'the largest...
    March 7, 2010 8:57 PM
  • Lt. Governor Denn Works with Federally-Funded Office to Increase Access to Stimulus Opportunities for Delaware Minority- and Women- Owned Businesses WILMINGTON, Del., Nov. 25 -- Lt. Gov. John C. Carney Jr., D-Del., issued the following news release: Lt. Governor Matthew Denn announced this week a partnership between his office, the Delaware...
    March 7, 2010 2:18 PM
  • Franco-German dynamics make EMF a distant goal That a German finance minister should publicly endorse the idea of a European Monetary Fund with the resources to bail out members of the eurozone in financial difficulty is remarkable...
    March 7, 2010 7:00 PM
  • Landrieu, Locke Announce $80 Million Broadband Investment in Louisiana WASHINGTON, March 5 /PRNewswire-USNewswire/ -- United States Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship, and Department of Commerce...
    March 7, 2010 11:34 PM
  • PRESS DIGEST - Thai newspapers - March 8 - The government is investigating whether the theft ofweapons and ammunition from an arms depot in the South ispolitically motivated amid reports the weapons are already ontheir way to Bangkok...
    March 7, 2010 3:17 PM
  • Lieutenant Governor Addresses Women and Minority Owned Businesses About Contract Opportunities WILMINGTON, Del., Oct. 2 -- Lt. Gov. John C. Carney Jr., D-Del., issued the following news release: Lieutenant Governor Matt Denn and representatives from state agencies held a forum on Thursday,...
    March 7, 2010 2:18 PM
  • Memo From Quimper: Absorbing The Blows That Buffet Europe The French government helped save HB-Henriot, the leading artisanal producer of faience hand-painted glazed earthenware and its 54 jobs. QUIMPER, France HB-Henriots 320-year-long heritage as...
    March 7, 2010 3:42 PM
  • Superintendent's Statement: Treasury's Directive to Extend TARP's Trial Mortgage Modification Period Must Go Further NEW YORK, Dec. 23 -- The New York State Banking Department issued the following news release: Richard H. Neiman, Superintendent of Banks for New York State and TARP Oversight Panel Member, issued...
    March 7, 2010 2:37 PM
  • Issuance of Build America Bonds Up, Treasury Pushes for Permanent Program Bonds: The number of Build America Bonds issued continues to climb, the Treasury Department said in a March 4 news release highlighting the administration's budget recommendation that the bond...
    March 7, 2010 7:00 PM
  • Iceland holds stronger hand Mar. 8 - The overwhelming rejection by Icelanders of a payout package to reimburse customers of a collapsed Icelandic bank may well leave Iceland with a much stronger negotiating hand. Playing...
    March 8, 2010 5:05 AM
  • Strong earthquake hits Turkey Mar. 8 - An earthquake of 6.0-magnitude strikes east Turkey, killing at least 57 and wounding dozens. Playing Next (01:19) Report 2:07am EST (01:15) Report Most Popular (1:26) Report (1:08) Report...
    March 8, 2010 4:55 AM
  • World's thinnest ceramic bowls Mar 8. - After a decade of experiment and trial, a Taiwanese potter develops a technique he says creates the world's finest porcelain. Playing Next (02:11) Report Thu, Mar 4 2010 (00:52) Report...
    March 8, 2010 4:47 AM
  • Sydinvest "green themes" fund eyes U.S. and China COPENHAGEN (Reuters) - U.S. and Chinese economic stimulus measures are likely to focus on energy efficiency and renewable energy, according to fund manager Sydinvest, which took a stake in a...
    March 8, 2010 4:26 AM
  • Reportlinker Adds World FTTx Market http://www.reportlinker.com/p0181025/World-FTTx-Market.htmlFTTx Watch Service - 2010The Ultra Broadband access market (FTTH/B and VDSL combined) is expected to grow steadily in the coming years,...
    March 8, 2010 4:08 AM
  • Slideshow: Iraqis go to the polls Employees of the Independent High Electoral Commission (IHEC) tally votes at a counting station in Baghdad March 7, 2010. Bomb and rocket attacks killed at least 38 people as Iraqis voted on...
    March 8, 2010 3:13 AM
  • Stock Futures Rise Slightly Ahead of Opening Asian markets surged Monday in their first trading session following an upbeat U.S. jobs report Friday. European markets fell slightly. U.S. stocks rallied last week on encouraging economic data,...
    March 8, 2010 2:34 AM
  • UPDATE 1-China to move gradually on yuan - commerce minister BEIJING, March 8 (Reuters) - China will continue to reform its exchange rate policy in a gradual and controlled manner, Commerce Minister Chen Deming said on Monday. Speaking on the sidelines...
    March 7, 2010 4:33 PM
  • PRESS DIGEST - Thai newspapers - March 8 BANGKOK, March 8 (Reuters) - These are some of the leading stories in Thai newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. - The government...
    March 7, 2010 3:17 PM
  • Budget Outlook for 2011 Remains Bleak Filed at 5:05 p.m. ETOKLAHOMA CITY (AP) -- Despite a last-minute maneuver by Senate Democrats that threatened to derail a plan to plug a massive hole in Oklahoma's budget this year, an agreement...
    March 7, 2010 1:13 PM
  • Cash-for-Appliances Gears Up in Many States The stimulus plan, known formally as (ARRA), includes $296 million dollars for more energy efficient home appliances. According to Energy Secretary Steven Chu, Appliances consume a huge amount...
    March 7, 2010 9:39 AM
  • NYSDOT, NYSP, AGC Work Together To Emphasize Workzone Safety ALBANY, N.Y., July 2 -- The New York State Department of Transportation issued the following news release: The New York State Department of Transportation (NYSDOT), New York State Police (NYSP)...
    March 7, 2010 9:29 AM
  • The afternoon deal: Beyond the billions paid It was a two-year quest to seal the MetLife deal for Alico.long_space Beyond the $15.5 billion purchase price, what does it mean for the companies and the life insurance sector?*long_space MetLife...
    March 8, 2010 8:53 AM
  • Oil Rises Above $82, Extending Friday's Gains SINGAPORE (AP) -- Oil prices rose above $82 a barrel Monday in Asia, extending gains from Friday amid signs the global economy may be improving. Benchmark crude for April delivery was up 67...
    March 8, 2010 12:13 AM
  • Oil rises above $82, extending Friday's gains SINGAPORE -- Oil prices rose above $82 a barrel Monday in Asia, extending gains from Friday amid signs the global economy may be improving.Benchmark crude for April delivery was up 67 cents to...
    March 7, 2010 10:33 PM
  • N. American galvanizing industry slow to recover Speaking on the sidelines of the 2010 International Zinc Association conference this week, Rahrig said the galvanizing industry's lag time behind the rest of the economy will push any recovery...
    March 7, 2010 1:08 PM
  • Bernstein cuts estimate for Fifth Third Bernstein Research has cut its 2010 earnings estimate for . Bernstein says the bank will likely have to raise more money than investors anticipate to repay the money it received under the Troubled...
    March 8, 2010 8:15 AM
  • $84 Million in Recovery Act Funds Heading to California, Garamend... Company: Walnut Creek Associates (ZZHXY)WALNUT CREEK, CA - Congressman John Garamendi (D-Walnut Creek, CA) is pleased to report that the Department of Transportation today announced nearly $84...
    March 8, 2010 8:00 AM
  • Congressman Garamendi on February Jobs Report - Zibb.com Company: Walnut Creek Associates (ZZHXY)WALNUT CREEK, CA - Congressman John Garamendi (D-Walnut Creek, CA) today issued the following statement after the U.S. Bureau of Labor Statistics released...
    March 8, 2010 8:00 AM
  • JTA to receive $9M in stimulus funds for mass transit Florida is in line to receive $27.6 million in federal stimulus dollars to improve its mass transit operations.The U.S. Department of Transportation said Friday that the grants, part of the $7.5...
    March 8, 2010 5:28 AM
  • The United States Senate Committee on Small Business & Entrepreneurship on Friday announced that $80 million in federal broadband expansion grants will be awarded to Louisiana. LANDRIEU, LOCKE ANNOUNCE $80 MILLIONBROADBAND INVESTMENT IN LOUISIANAWASHINGTON United States Senator Mary L. Landrieu, D-La., Chair of the Senate Committee on Small Business and Entrepreneurship,...
    March 8, 2010 8:50 AM
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