Financial news on August 22nd, 2009
Business and Financial news
The growth in Asia’s appetite for U.S. Treasuries is slowing, which means the United States may have to find others to finance its debt. Read more..
James E. Press, who was lured to Chrysler after 37 years at Toyota, is believed to be leaving. Read more..
Robert Scully, a former Morgan Stanley executive, was elected to its board, which now has 14 members. Read more..
At the Museum of American Finance, the “greed, recklessness and arrogance” of Wall Street is on display. Read more..
The unemployment rate fell in 17 states and the District of Columbia last month, a positive sign even as the pain of joblessness remains widespread. Read more..
Court papers filed by lawyers for Robert Jaffe contended there was no evidence he was involved in Madoff’s fraud. Read more..
The China Construction Bank Corporation said first-half profit fell 4.9 percent on contracting loan margins. Read more..
Buyers stormed back to the market in July, taking advantage of falling prices, lower interest rates and a tax credit for first-time homeowners, an industry group reported. Read more..
Guaranty Bank, a deeply troubled Texas lender, was sold on Friday to Banco Bilbao Vizcaya Argentaria of Spain in one of the largest government-assisted deals offered to a foreign bank. Read more..
A new VW plant in Chattanooga, Tenn., will produce a midsize sedan that has been designed for American tastes. Read more..