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China's super-rich bounce back from financial crisis
BEIJING (Reuters) - China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.
Nations:China India Russia People:Warren Buffett Yao Ming Deng Xiaoping Activities:China Wealth Gap Source:(Reuters)
2009-10-13
CIT Group sweetens debt buyback offer
NEW YORK - Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.
People:Warren Buffett Source:(AP)
2009-07-24
GOP unifies against any more stimulus spending
WASHINGTON - Republicans lined up Sunday in opposition to a second economic stimulus package, a rare demonstration of unity from an out-of-power political party in search of a rallying cry against President Barack Obama.
People:Jon Kyl Eric Cantor Dick Durbin Barack Obama Warren Buffett John McCain Activities:111th Congress Obama Stimulus Package Source:(AP)
2009-07-12
Obama rejects 2nd stimulus: Give recovery time
WASHINGTON - President Barack Obama said Saturday the $787 billion stimulus program must be given a chance to work before consideration is given to a second such jolt for the still-ailing economy.
People:Joseph Biden Barack Obama Warren Buffett George W. Bush Activities:Obama Stimulus Package Source:(AP)
2009-07-11
Warren Buffett says second stimulus might be needed
WASHINGTON (Reuters) - Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
People:Barack Obama Warren Buffett Activities:Obama Stimulus Package Source:(Reuters)
2009-07-09
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