U.S. third-quarter economic growth revised up; goods trade deficit widens in OctoberGross domestic product increased at a 2.9% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. That ...
16 US states to provide supplementary stimulus funds. Is yours on the list?Around 16 states are looking to distribute supplementary stimulus cheques to eligible residents for supporting them in a better way.
- Junk-bond trading picks up pace since February: Credit Markets
The average daily volume of publicly-traded speculative grade bonds rose to $4.92 billion this month, a 74% increase from December.
- Aegis on acquisition spree, sans India
After 16 global takeovers, the Essar Group's BPO arm Aegis is still on the lookout for acquisitions in Africa and Europe to expand its glob...
- Citigroup shedding student loan business
Citigroup says it is selling its student loan business and about $32 billion in related assets to Discover Financial Services and the stude...
- Aegis buys Sallie Mae unit, saves 350 US jobs
Indian outsourcing services provider Aegis seems to have rescued employees at the Killeen, Texas, centre of Sallie Mae from possible unempl...
- Aegis purchases Sallie Mae's customer service center in the US
Aegis Ltd said that it has signed an agreement with US-based education finance service provider Sallie Mae, to acquire its customer service...
- Aegis set to buy Sallie Mae’s back-office unit
Aegis, the business process outsourcing arm of $15-billion Essar Group, is set to acquire a 300-person back-office unit of Virginia-based S...
- Layoffs toughest on workers young, older
Marcus Wells and Shirley Walker view their economic prospects from opposite ends of the age spectrum.
- Sallie Mae cancels Indian offshoring plans
Through its subsidiaries, Sallie Mae manages $180 billion in education loans and serves 10 million student and parent customers.
- Private equity group to buy IndyMac for $13.9 bn
IndyMac has 33 bank branches in Southern California with about $6.5 bn in deposits, about half the co's total at the time of its failure. G...
- Citigroup cancels Harvard, MIT student loans
Citigroup is cancelling loan programmes that made it easier for international students at Harvard University, the Massachusetts Institute o...
- US regulator extends short-sell ban for financials
Federal regulators have extended an unprecedented ban against all short-selling in the shares of more than 800 financial companies.
- Big private equity funds rush for Indian pie
Blame it on Blackstone. Ever since the 650-pound Gorilla of PE funds operating in India announced a flurry of deals, four to be exact, the ...
- Student loans shoot through the roof in US
The near doubling in the cost of a college degree in the past decade has produced an explosion in high-priced student loans.
- Signs of hope for mega leverage buyouts despite credit crunch
In a time of collapsing mega-deals, a few well-structured buyouts with sound companies can still get done.
- Equity firms back out of Harmon buyout
Two private equity firms on Friday backed out of their $8 billion buyout of upscale audio equipment maker Harman International Industries I...