Content Tagged As bailout

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  • Greek Voters Support Bailout Party

    June 17, 2012 5:23 PM

    Greek voters may have staved off economic turmoil in the eurozone. Official projections show the conservative New Democracy party winning more votes than anti-bailout radical leftists. While no party will have enough seats to form a government alone, the leading New Democracy party has already proposed forming a pro-euro coalition... more »
  • Chrysler to Repay Bailout With Bank Loans, Bonds

    April 28, 2011 8:10 AM

    DETROIT (AP) - Chrysler says it will take out bank loans and sell debt later this quarter to repay $6.6 billion in bailout loans from the U.S. and Canadian governments. The company says details are still being worked out for the refinancing package. The terms could be disclosed on Monday... more »
  • Chrysler CEO Apologizes for Description of Bailout

    February 6, 2011 1:40 PM

    SAN FRANCISCO (AP) - Chrysler's CEO is apologizing on his company's website for the way he described the interest rates the U.S. and Canadian governments are charging his company on the bailouts it received in 2008 and 2009. Sergio Marchionne said in a statement posted Saturday that he regrets a... more »
  • Financial Bailout Chief Announces Resignation

    September 22, 2010 10:57 AM

    WASHINGTON (AP) - Herb Allison, the head of the government's $700 billion financial bailout program, is resigning. Allison says in a letter to his colleagues in the Treasury Department's Office of Financial Stability that they had accomplished a great deal. He said that the bailout fund, known as the Troubled... more »
  • Government-Funded Auto Industry Bailout Showing Success

    July 30, 2010 12:10 PM

    DETROIT (AP) - Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism that consumers will embrace its redesigned midsize sedans. The company made the announcement at another Detroit-area plant just before President Barack Obama... more »
  • Local Banker Featured on German TV

    February 22, 2010 7:54 PM

    The German news program "Weltspiegel" brought it's viewers to Louisiana last week, profiling Rusty Cloutier, CEO of Midsouth Bank. While many big banks were taking bailouts last year, Midsouth was one of several community banks in Acadiana still lending. "The reason the community banks are doing well is [that] we... more »
  • Watchdog: Bailout Has Helped Wall St., But Infuriated Main St.

    October 21, 2009 1:57 PM

    Watchdog: Bailout Has Helped Wall St., But Infuriated Main St. TARP Has Not Stopped Rising Unemployment and Home Foreclosures

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