Ten Banks Approved to Repay Loans
As expected, the Treasury Department has released the names of ten banks permitted to now repay loans received last fall as part of the bank rescue plan. More
Demand High for US Treasuries
Demand for Treasury notes maturing in five years or less exceeded expectations as yields rose to a seven-month high of 1.906 percent in the US government’s $35 billion auction. More
Falling Dollar Boosts Crude
Crude oil futures increased for the first time in three days as the dollar stumbled against the euro. Oil for July delivery was up $1.24 to $69.33 a barrel by mid-day in New York. More
Fiat Agrees to Extend Bid Beyond June 15
In response to yesterday’s stay of proceedings that effectively blocks the transfer of Chrysler to Fiat while Justice Ginsburg decides whether to allow an appeal by a handful of Chrysler investors, Fiat said that it will still go through with the deal even if the details cannot be wrapped up by the initial completion date of June 15th. More
