Financial news on June 6th, 2009
Business and Financial news
Chrysler’s sale to Fiat is on hold until Monday while Indiana’s pension funds appeal to the Supreme Court. Read more..
A government agency calculated that 41,800 jobs were lost in May, more than the 36,000 bank analysts anticipated in a consensus forecast. Read more..
Borrowing by American consumers dropped by the second-biggest amount on record in April. Read more..
Sleep problems afflict millions of people, but there are measures people can take. And a new mattress isn’t necessarily one of them. Read more..
Silverton Bank, a ”bankers’ bank,” was closed after talks collapsed between federal regulators and four buyout firms. Read more..
Shares in Jackson Hewitt Tax Service rose the most in almost five years after naming Harry Buckley as chief executive to run the company. Read more..
Mixed signals from the government’s employment report are giving investors reason to be cautious. Read more..
The company will pay a $2.3 million civil penalty in an agreement with the Consumer Product Safety Commission for selling toys with hazardous levels of lead. Read more..
The deal, which would effectively have expanded Chinalco’s stake of 9.3 percent in Rio Tinto to 18.5 percent, had drawn stiff political opposition in Australia. Read more..
A final vote on landmark cigarette legislation could take place on Wednesday. Read more..