U.S. Takes $9.7 Bil Hit in GM Bailout

President Obama loves taking credit for saving the American auto industry and this week a federal audit reveals that the rescue effort has fleeced U.S. taxpayers out of an astounding $ 9.7 billion. While this may seem inconceivable to most, the numbers don’t lie. The United States Treasury has recorded a $ 9.7 billion loss […]

Mystery Bermuda-based company and other undisclosed Romney assets hint at larger wealth

ShareThis Mystery Bermuda-based company and other undisclosed Romney assets hint at larger wealth 04 Jul 2012 For nearly 15 years, Republican presidential candidate Mitt Romney’s financial portfolio has included an offshore company that remained invisible to voters as his political star rose. Based in Bermuda, Sankaty High Yield Asset Investors Ltd. was not listed on […]

Stocks Gain as Dollar, Treasuries Fall on Manufacturing Recovery Outlook

By Michael Shanahan and Rita Nazareth, Bloomberg.com Stocks (SXXP) rose, erasing a four-day drop in U.S. benchmark indexes, while the dollar and Treasuries fell on signs global manufacturing is strengthening. Silver and aluminum led commodity gains, while natural gas slid. The Standard & Poor’s 500 Index added 1.2 percent to 1,328.38 at 12:58 p.m. in […]

Stocks Gain as Dollar, Treasuries Fall on Manufacturing Recovery Outlook

By Michael Shanahan and Rita Nazareth, Bloomberg.com Stocks (SXXP) rose, erasing a four-day drop in U.S. benchmark indexes, while the dollar and Treasuries fell on signs global manufacturing is strengthening. Silver and aluminum led commodity gains, while natural gas slid. The Standard & Poor’s 500 Index added 1.2 percent to 1,328.38 at 12:58 p.m. in […]

Marshals ordered to seize Righthaven assets

(VEGAS INC)   Las Vegas copyright infringement lawsuit filer Righthaven LLC’s financial problems grew Tuesday when the federal court in Las Vegas commanded the U.S. Marshals Service to seize more than $ 63,000 in Righthaven assets to satisfy a creditor’s judgment and costs. Lance Wilson, clerk of the court, signed a writ of execution requested by […]