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Hedge Funds, Unhinged Two out of three hedge funds lost money last year. How many will claw their way back to profitability? The New York TimesBailed-out corporations had money offshore Eighty-three of the 100 largest corporations in the US had subsidiaries in offshore tax havens in 2007 and still received federal bailout funding. Big News NetworkBailout Funds Released As Banks Keep Sinking Meanwhile, Democrats in the House outlined their ideas for a stimulus package totaling $825 billion as speculation mounted the package would ultimately hit a trillion dollars. NPRUN Humanitarian Fund allocates $7m for life-saving operations in Gaza As part of United Nations efforts to meet the rapidly growing humanitarian needs of civilians caught in the fighting in Gaza, John Holmes, United Nations Under-Secretary General for Humanitarian Affairs and Emergency Relief Coordinator, allocated some $7m in funding from the Central Emergency Response Fund. AME InfoBattered hedge funds brace for more pain After suffering their worst showing on record, the high-octane funds are expecting big losses in 2009 as burned investors yank their money The Globe and MailUPDATE 2-Kuwait wealth fund not to cut foreign investments KUWAIT, Jan 17 (Reuters) - Kuwait's sovereign wealth funddoes not plan to reduce its overseas investments despitelaunching a 1.5 billion dinar ($5.17 billion) fund to invest inlocal stock markets, the finance minister said. ReutersU.S. Stocks Fall for Second Week; Citigroup Leads Bank Retreat - Bloomberg Jan. 17 (Bloomberg) -- U.S. stocks fell for a second week, led by financial companies, after Citigroup Inc. said it will split in two and Bank of america Corp. required emergency federal funds for its acquisition of Merrill Lynch & Co. A rally ... Feed DigestMadoff `may not have made any trades` ACCUSED swindler Bernie Madoff's $US50bn investment fund may never have executed a single trade, industry officials say. News.comAfter Hours: Citigroup, Bank of America gain in late trades Banking stocks remain active as the sector continues to experience major shifts, with the planned split of Citigroup and the injection of more U.S. government funds into Bank of america. MarketWatch.comFeds lose 26 percent on TARP The U.S. Department of Treasury has lost more than 25 percent of the $247 billion in funds bailing out banks with the Troubled Asset Relief Program, as of Dec. 31. The Congressional Budget Office's report released Friday was based on the present value of the dividends banks are required to pay taxpayers on warrants received in return for their funds. The value of warrants was $183 billion at the end of the year. In other words, the Treasury was providing a $63 million subsidy to the banks, according to the report. The T.A.R.P. program requires banks to pay a 5 percent dividend in the first five years, and 9 percent after that. In Hawaii, Central Pacific Bank on Jan. 9 sold $135 million in senior preferred stock to the U.S. Treasury under the program, plus a 10-year warrant to purchase up to $20.2 million. Other financial institutions have applied for the program but either haven't decided how to use the funds or have declined; they include Bank of Hawaii, american Savings Bank, Pacific bizjournals1 2 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]