Swiss turn a profit on $5.1 billion UBS stake sale
Switzerland sold its stake in UBS for 5.5 billion Swiss francs ($5.1 billion) on Thursday, making a solid profit from last year's rescue of its largest bank. Read Full Article here.
New AIG CEO says expects to repay taxpayers: report
Robert Benmosche, the newly appointed chief executive officer of American International Group Inc , says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News. Read Full Article here.
GM offers dealers advances on clunkers cash
General Motors Co will provide cash advances to dealers to cover Cash for Clunkers rebates while the incentives are being processed by the U.S. government, the company said on Thursday. Read Full Article here.
New technology key to gaming sector in downturn
Luring new audiences by moving away from traditional gaming consoles is more crucial than ever as the downturn curbs consumer spending in a sector once seen as recession-proof, analysts and executives said. Read Full Article here.
JetBlue unlimited travel pass sells out early
JetBlue Airways Corp, which last week began offering a one-month unlimited travel pass, ended the sale early when the passes sold out before the promotion was set to expire, the airline said on Thursday. Read Full Article here.
State, local government jobs up despite recession
While businesses across the United States slash jobs, state and local governments have actually increased employment slightly since the economic recession began in December 2007, according to a report released on Thursday. Read Full Article here.
Baidu Hopes New Ad System Will Give Quick Lift To Revenues, Image
Thanks to the relative growth of China's economy, the country's dominant search-engine company Baidu hasn't been hurting in terms of revenue and profits the last few quarters. Read Full Article here.
Intel Ireland to campaign for EU's Lisbon treaty
The Irish unit of Intel, the world's No. 1 chipmaker, on Thursday launched a campaign in favour of a Yes vote in the October referendum on the European Union's Lisbon reform treaty. Read Full Article here.