Content Tagged As bailout

4 years 9 months ago

Geithner: AIG has other options to repay bailout

Treasury Secretary Timothy Geithner is looking past the collapse of an American International Group deal to sell off a subsidiary, saying the insurance giant has other options for paying back its $182 billion government bailout. Geithner was speaking to reporters after Prudential PLC, a British company, said it was backing...

4 years 10 months ago

GM accelerates to quarterly profit

General Motors says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that nearly caused its death....

5 years 1 week ago

Man arrested for bank bailout fraud

The former president of a small community bank has become the first person ever charged with trying to defraud the bailout program Charles Antonucci was arrested Monday on charges accusing him of stealing to live a lavish lifestyle that included a Super Bowl junket. The 59-year-old Fishkill resident was...

5 years 5 months ago

Women not hopeful about green funding

Wendi Goldsmith, president of a "green" design and construction firm, is no stranger to landing government contracts, but she's not expecting a windfall from the billions flowing into green businesses as part of the $787 billion federal stimulus package. Her firm, Salem, Mass.-based The Bioengineering Group Inc., recently was...

5 years 5 months ago

Watchdog says bailout helped but at a cost

The good news in a new government watchdog report is that the $700 billion financial industry bailout played a major role in rescuing the economy. The bad news is that the bailout may have cost the government credibility, sparking anger and distrust because of secrecy and confusion about the way...

5 years 5 months ago

Wind farms expand with help of federal aid

The nation's wind industry is continuing to open new wind farms with the help of nearly $1 billion in federal stimulus grant money. The American Wind Energy Association reported Tuesday that developers installed 1,649 megawatts of wind power capacity--enough to serve the equivalent of 480,000 average households--in the third quarter....

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