Archive for March, 2009

GAO: Treasury should take a harder line with AIG

Tuesday, March 31st, 2009
WASHINGTON (AP) -- The Treasury Department should deny American International Group Inc. a $30 billion "contingency" bailout till the company agrees to take back millions in bonuses and negotiate cheaper exits from its financial contracts, congressional auditors said Tuesday. The Government Accountability Office record likewise erect that payouts from the $700 billion financial system bailout within a little ...

Stop-smoking lines flooded as tobacco tax rises

Tuesday, March 31st, 2009
WASHINGTON (AP) -- Calling your state stop-smoking excitable line for help kicking the habit? Expect a tarry: Smokers are flooding the lines in a terror over an increase in the tobacco burden. Denver-based National Jewish Health believed three times repeated the usual number of calls Monday in opposition to a March daytime to quit lines it runs in ...

Sebelius corrects tax returns for 3 years

Tuesday, March 31st, 2009
WASHINGTON (AP) -- Health and Human Services nominee Kathleen Sebelius has corrected three years worth of tax returns after discovery "unintentional misprints." Sebelius alerted senators to the changes in a letter dated Tuesday that was obtained by the agency of The Associated Press. She says the changes involved charitable contributions, the sale of a fireside and business expenses. ...

Macy’s books $5.4 billion impairment charge

Tuesday, March 31st, 2009
[-] Text [+] var csvSymbolIds = "M.N_0"; var quoteLink = "true"; LOS ANGELES (Reuters) - Department store chain Macy's Inc (M.N)said on Tuesday it recorded some estimated pre-tax goodwill impairment charge of surrounding $5.4 billion in 2008. The charge was not more than the wander of $4.5 billion to ...

Borders’ net income dives, expects weak 2009

Tuesday, March 31st, 2009
[-] Text [+] var csvSymbolIds = "BGP.N_0,BKS.N_1"; var quoteLink = "true"; SAN FRANCISCO (Reuters) - Bookstore chain Borders Group (BGP.N) before-mentioned on Tuesday that quarterly earnings plunged 57 percent and predicted a weak 2009 viewed like new leadership tries to shape around a flagging business. Borders'sitting new chief executive, ...