Daily Blogs News

Administration plans to use $30 billion from bailout fund …

The Obama administration is setting aside $30 billion from the financial bailout fund for a range of initiatives designed to encourage lending to small businesses to aid the economic recovery.

Administration plans to use $30 billion from bailout fund …

The Obama administration is setting aside $30 billion from the financial bailout fund for a range of initiatives designed to encourage lending to small businesses to aid the economic recovery.

End of the Road: GM to Discontinue Saab

General Motors will shut down Saab after talks to sell the brand to a Dutch carmaker collapsed, marking the third time this year that a deal by GM to sell an unwanted brand has fallen through.

Georgia Bank Becomes 134th to Fail This Year

Regulators on Friday shut down a small Georgia bank, bringing to 134 the number of banks that have failed this year.

Google Loses in French Copyright Case

A French court ruled Friday that Google was guilty of infringing copyrights by digitizing books and putting extracts online without authorization, dealing a setback to its embattled book project.

Business & Bullion Weekend Report – Dec. 19

Gold gained on Friday but recorded another weekly decline as a stronger US dollar, which hit a three-month high this week, pulled prices down. Bullion generally moves opposite of the greenback. Silver and platinum managed modest gains in New York, but retreated in London.

The dollar’s strength was also cited as a catalyst in curbing investor appeal toward riskier assets, as in stocks. Major US and European indexes were mixed on the last full trading week in 2009.