Sandy’s cost: $20 billion
Home Depot and grocery stores might see a temporary bump in business, but small businesses will be hit hard. Business and financial news – CNNMoney.com
Continue Reading →Fed turns AIG bailout into $18 billion profit
The Federal Reserve finally has wiped its hands clean of AIG and turned a billion profit for taxpayers in the process. Now it’s up to the Treasury Department to rid the U.S. government of the rest of its stake in the insurance giant. Business and financial news – CNNMoney.
Continue Reading →How Jamie Dimon hid $6 billion loss
JPMorgan CEO used accounting moves, rosy assumptions to obscure London Whale. Business and financial news – CNNMoney.com
Continue Reading →SPAIN SEEKS $125 BILLION
Spain has asked the European Union for up to €100 billion (5 billion) to provide a capital buffer for the nation’s ailing banks, the Eurogroup said Saturday. Business and financial news – CNNMoney.com
Continue Reading →Obama budget: $901 billion deficit in 2013
President Obama will propose a budget on Monday that forecasts a 1 billion deficit in 2013, and includes plans make targeted investments in areas like infrastructure while hiking taxes on the rich. Business and financial news – CNNMoney.com
Continue Reading →Facebook’s $5 billion IPO
At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise billion in an initial public offering. Business and financial news – CNNMoney.com
Continue Reading →IRS comes up $385 billion short
Close to 15% of federal taxes — or 5 billion — went unpaid in 2006, according to new estimates by the IRS. Business and financial news – CNNMoney.com
Continue Reading →Holiday returns to hit record $46 billion
The holidays aren’t even over yet and shoppers are racking up returns already. Business and financial news – CNNMoney.com
Continue Reading →Small company reinvents $30 billion market
Sometimes one bright idea — and a whole lot of work to implement it — can reshape an entire industry. Business and financial news – CNNMoney.com
Continue Reading →JOBLESS GET $434 BILLION
Jobless Americans have collected 4 billion in unemployment benefits over the past four years. Business and financial news – CNNMoney.com
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