Energy Transfer Partners to buy Sunoco in $5.3 billlion deal
Diane Alter – AHN News Reporter Houston, TX, United States (AHN) – Dallas based Energy Transfer Partners LP, announced Monday it was buying Sunoco Inc for $5.3 billion. Under the terms of the deal, Sunocoshareholders will receive about $50.13 a share: $25 in cash and 0.5246 common units of Energy Transfer. Energy Transfer is paying [...]
MasterCard warns of possible security breach
Diane Alter – AHN News Reporter Purchase, NY, United States (AHN) – Credit card giant MasterCard said Friday it is investigating a possible breach of cardholder data involving a U.S. based payment processor. In a statement, MasterCard said, “As a result we have altered payment card issuers regarding certain MasterCard accounts that are potentially at [...]
U.S. stocks open higher Wednesday on European optimism
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks rose on the open Wednesday after the European Central Bank said it will lend €529.5 billion ($721.4 billion) to European banks in an effort to avert a credit crunch. Just before 10 a.m. on Wall Street, the Dow Jones Industrial [...]
Clock ticking for Egypt’s finances
The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]
Chinese have opportunity to show resolve in Sudan
The Media Line Staff Beijing, China Arieh O’Sullivan / The Me – The capture of Chinese construction workers by rebels in Sudan has presented China with an opportunity to flex its muscles and show it not so shy to use military force to protect its citizens abroad. With literally millions of citizens abroad, the capture [...]
Allied forces lose 10 soldiers in separate Afghanistan incidents
Diane Alter – AHN News Reporter Kabul, Afghanistan (AHN) – Allied forces suffered a day of heavy losses in Afghanistan Thursday in a helicopter crash that killed six U.S. Marines, and an attack Friday that killed four French service members, raising the possibility of France withdrawing its troops early. The Marines were killed after their [...]
Democratic fundraier Rezko sentenced to 10 years in prison
Matthew Borghese – AHN News Contributor Chicago, IL, United States (AHN) – Antoin “Tony” Rezko, a former fundraiser and adviser to ex-Illinois Gov. Rod Blagojevich, has been sentenced to more than 10 years in prison after a lengthy extortion trial in Chicago. Rezko, who also helped raise money for President Barack Obama, was convicted of [...]
Congress probes the Federal Reserve’s controversial lending policies
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – A congressional hearing scheduled for Tuesday is probing the extent the U.S. Federal Reserve Bank might have contributed to the government’s record debt. Economists say the roughly $15 trillion in debt is holding back the nation’s recovery from the recession that started [...]
August car sales in the U.S. rises 7.5 percent
Vittorio Hernandez – AHN News Detroit, MI, United States (AHN) – The auto industry in the U.S. is on the road to recovery. In August, car sales grew 7.5 percent, according to Autodata Corporation. The healthy vehicle sales were reported by most of the major car manufacturers such as Chrysler which registered a 31 percent [...]
China warns U.S. on managing debt
Diane Alter – AHN News Trivia Writer Hong Kong, China (AHN) – To date, China has had no problem buying United States debt, but recently, it seems they are having second thoughts. On Wednesday, China’s central bank governor called for the U.S. to “take responsible policy measures to handle its debt.” The announcement came a [...]
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Lending News- IMF walks away from the kingdom
- Realty Trac: foreclosures dropped to lowest level since 2007
- Mortgage rates fall to new low–again
- Mortgage rates fall to record low
- Mortgage rates fall to record low
- Japan announced food aid to Nepal
- Fed leaves rates steady
- Microloan demand grows in the West Bank and Gaza Strip, despite the risks
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
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- Second Guessing Medicare’s Star Rating System
- Plane with newly-inaugurated Hollande hit by lightning, trip to Germany delayed
- Mortgage rates fall to new low–again
- U.S. stocks tumble Tuesday over Greek woes
- Gingrich set to endorse rival Romney
- Thousands of Libyans still afraid to return home
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- Bank of America sees profits drop
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