treasury

Office Depot quarterly loss narrows (Reuters)

Reuters - Office Depot Inc reported a smaller-than-expected quarterly loss on lower distribution costs and other expense controls, sending shares of the No. 2 U.S. office supplies retailer up 8 percent.

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Office Depot quarterly loss narrows
(Reuters)

treasury

Treasury to hold conference on Fannie,Freddie (AP)

AP - The Treasury Department, under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference in next month to discuss their future.

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Treasury to hold conference on Fannie,Freddie
(AP)

treasury

Global economy still needs support: Treasury (Reuters)

Reuters - Nations must not pull back too quickly on economic stimulus because the global recovery still needs support, a top U.S. Treasury Department official said on Monday.

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Global economy still needs support: Treasury
(Reuters)

treasury

No new recession, let tax cuts die: Geithner (Reuters)

Reuters - The economy is not likely to slip back into recession but letting tax cuts for the wealthiest Americans expire is necessary to show commitment to cutting budget deficits, Treasury Secretary Timothy Geithner said on Sunday.

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No new recession, let tax cuts die: Geithner
(Reuters)

treasury

Geithner favors allowing some tax cuts to expire (AP)

AP - Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be “the responsible thing to do.”

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Geithner favors allowing some tax cuts to expire
(AP)

treasury

Auto recovery lifts Johnson Controls 3Q net income (AP)

AP - A recovery in car and truck production helped Johnson Controls Inc. more than double its net income in the fiscal third quarter, the maker of automotive batteries and building climate-control systems said Friday.

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Auto recovery lifts Johnson Controls 3Q net income
(AP)

treasury

Treasury announces sale of more Citigroup stock (AP)

AP - The Treasury Department said it will sell 1.5 billion shares of Citigroup stock over the next two months, the latest effort to recoup money from the government’s $700 billion financial bailout.

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Treasury announces sale of more Citigroup stock
(AP)

treasury

Corning to invest $800M on LCD plant in China (AP)

AP - Corning Inc.

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Corning to invest $800M on LCD plant in China
(AP)

treasury

Gov’t watchdogs: mortgage program is not working (AP)

AP - Government watchdogs told a Senate panel Wednesday that the Obama administration’s effort to help homeowners avoid foreclosure isn’t working and that the Treasury Department has failed to fix the program.

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Gov’t watchdogs: mortgage program is not working
(AP)

treasury

Govt watchdog criticizes handling of car dealers (AP)

AP - The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog found.

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Govt watchdog criticizes handling of car dealers
(AP)

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