Insight: Life insurers overestimate America’s finances intended to help housing

New York, Dec. 5, 2010 (AFP) – Major life insurers are getting less funding from the U.S. government-backed financial system, raising billions of dollars to help increase affordable housing, according to interviews with industry executives and regulators. Descriptions show. When the Federal Home Loan Banks (FHLBs) were created in 1932 to provide financial support to … Read more

Morning auction: Financial conditions are resolved again

Commuters walk past an electric meter that displays the Japanese yen exchange rate against the US dollar outside a broker in Tokyo, Japan on October 4, 2023. REUTERS/Issei Kato/File Photo License Rights Nov 29 (Reuters) – A look at the day in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand and … Read more

Where the company’s federal case stands

It’s been more than a year since federal indictments were filed against Louisville-based Magnetics Co. and three top executives, alleging they sent classified U.S. military intelligence to China and defrauded the Defense Department. The case is still ongoing, with the court system set for trial for the company and three defendants tentatively scheduled for early … Read more

Dollar eases in thin Black Friday trading on bets rates have peaked

A woman counts US dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Picture taken August 28, 2018. REUTERS/Marcos Brindicci Acquire Licensing Rights LONDON/SINGAPORE, Nov 24 (Reuters) – The dollar slipped on Friday as investors bet US interest rates have peaked, while the yen edged higher after Japan’s core consumer price growth … Read more

Houston’s new supervisor will have three years to fix the city’s finances

Chris Hollins (left) and Orlando Sanchez (right) make it to the finals. Elizabeth Conley / John Shapley / Staff Photographers Most of it will fall on the next supervisor, who will be selected in the next round. The final two contenders for the job, former Harris County Clerk Chris Hollins and former Harris County Treasurer … Read more

Turkey is a big business in North Carolina and is the 2nd largest producer in the US

If you’re planning a turkey as the centerpiece of your Thanksgiving dinner, chances are it’s an NC-raised bird. This is the reason. When you hear the words chocolate and chip, turkey may not be the first food that comes to mind. But last November, two turkeys named Chocolate and Chip from Monroe, NC, earned the … Read more

The CEO of GM Cruise’s robo-taxi division has resigned amid a US security review

November 19, 2011 Kyle Vogt, CEO of General Motors’ robot taxi division Cruise, announced his resignation a day after apologizing to employees while the company conducts a safety review of its US fleet. Vogt, 38, offered little in the way of explanation, simply saying, “I have resigned,” he told Reuters in an email to staff … Read more

Exclusive: GM Cruise CEO Apologizes, Allows Stock Sales

The Cruze self-driving car, owned by General Motors Corp., is seen outside the company’s headquarters in San Francisco, where it conducts most of its testing, in this Sept. 26, 2018, photo taken in California, U.S. REUTERS/Heather Somerville/File photo obtained license rights SAN FRANCISCO, Nov 18, 2011 (FBC) – The CEO of General Motors’ Cruze has … Read more

At APEC, Biden talks about workers’ rights, stable China relations

San Francisco, November 16, 2011 (FBC) US President Joe Biden said he will continue to work to advance the Pacific trade deal despite his vision for a regional agreement to counter China’s influence in negotiations to strengthen workers’ rights. “Our work is not done yet,” said corporate CEOs in San Francisco, where they attended the … Read more

Prison health care company resumes arbitration after bankruptcy judge stops Jones

U.S. Bankruptcy Judge David Jones said in an interview with Reuters on Oct. 13, 2023, in this screen capture from a Reuters video. REUTERS TV via REUTERS License Rights The mediator resigned after admitting his relationship with the lawyer The judge urged a full review of the medical malpractice settlement. Also Kerr will resume mediation … Read more