Blogspot - proinvestiment.blogspot.com - Proinvestiment
General Information:
Latest News:
Bank of America: $2.2 billion loss 18 Oct 2009 | 04:16 am
Bank of America proved no match for the ongoing recession as the nation's biggest bank reported a steep loss Friday. With Americans continuing to default on their credit cards and mortgages, the comp...
Deficit: What caused it, why it matters 7 Aug 2009 | 02:35 am
When George Bush took office at the beginning of 2001, the federal government was running a substantial budget surplus and projected rising surpluses "as far as the eye could see." Now, the United Sta...
Obama turns up heat on mortgage servicers 18 Jul 2009 | 05:02 am
As complaints mount about President Obama's foreclosure prevention program, the administration is ratcheting up the pressure on mortgage servicers. Financial executives will meet with Treasury Depart...
Jittery investors dump stocks 8 Jul 2009 | 03:12 am
Stocks tumbled Tuesday morning, as jittery investors dumped shares ahead of the start of the G8 summit and the second-quarter corporate reporting period. The Dow Jones industrial average (INDU) lost ...
States lock in highway stimulus funds 27 Jun 2009 | 04:09 am
Every state has committed at least half its highway stimulus funds so none will lose any of its allocation, the Obama administration said Thursday. States had until June 29 to obligate the funds or r...
Stocks try to rise 10 Jun 2009 | 04:56 am
Stocks edged higher Tuesday afternoon on news that 10 of the banks that received government loans will be allowed to give the money back, adding to bets that the worst of the financial crisis is over....
GM moves step closer to bankruptcy 28 May 2009 | 08:22 am
General Motors said Wednesday that it has fallen far short of the bondholder support it needed for its proposed debt-for-stock offer, virtually guaranteeing that the nation's largest automaker will be...
Economy to resume growth this year 22 May 2009 | 04:31 am
The economy will start growing in the second half of 2009, but it will be several years before the positive effects of a turnaround will be felt, the Congressional Budget Office said Thursday. "Even ...
GM falls to 76-year low as execs sell stock 13 May 2009 | 04:21 am
General Motors Corp. stock plunged more than 22% to a 76-year low Tuesday, a day after a group of GM executives disclosed they had sold shares in the struggling automaker. Six GM executives, led by f...
Stocks flip-flop in early trade 6 May 2009 | 02:57 am
Stocks were mixed Tuesday as investors were cautious after the previous session's big run and ahead of comments from Federal Reserve Chairman Ben Bernanke. The Dow Jones industrial average (INDU) add...
