Financial news on February 20th, 2010
Business and Financial news
The Credit Card Act is reducing some fees, but the one on foreign transactions, an industry profit center, was not touched. Read more..
America is no longer the dominant export nation, a fact that became evident during a decade that saw a boom and a bust. Read more..
The Blackstone Group has reached a deal to reorganize the debt load of Hilton Hotels, shoring up the finances of one of its crown jewels. Read more..
The mayor is moving his fortune from Quadrangle Group 10 months after a scandal with the state pension fund. Read more..
Mortgage Bankers called the fourth quarter a crucial turning point for housing. Still, the percentage of loans in foreclosure rose. Read more..
Caused by a growing backlog of applications, approvals of new generics by the F.D.A. took 26.7 months last year, compared to 16.3 months in 2005. Read more..
For passive investors interested in REITs or entrepreneurs seeking to buy buildings, the uncertainty in commercial realty could present opportunities. Read more..
As they plan for the next stage of economic growth, Singapore’s leaders are looking toward the arts. Read more..
The Obama administration says building a nuclear plant in Georgia would create jobs, but steelworkers said the parts would come from foreign manufacturers. Read more..
The latest government data on Friday reinforced the notion that more drastic efforts to tighten monetary policy were still far off. Read more..