RadioShack increases buyback program by additional $200 millionAugust 21st, 2009 RadioShack board boosts buyback authorizationFORT WORTH, Texas — RadioShack Corp. on Thursday said its board approved the repurchase of an additional $200 million of the electronics retailer's common shares under its existing buyback program.
Judge says more details, names needed in $33 million Bank of America bonus settlementAugust 11th, 2009 Judge: More details needed in BofA bonus caseNEW YORK —A federal judge says he needs more time and additional details before making a decision on a $33 million settlement between Bank of America and the Securities and Exchange Commission over executive bonuses. In a hearing in New York on Monday, U.S.
YRC, Teamsters reach tentative deal for 5 pct. wage cut and pension deferral, according to TDUJuly 14th, 2009 TDU: YRC, Teamsters reach deal for 5 pct. wage cutNEW YORK — The Teamsters for a Democratic Union Web site said Tuesday that YRC Worldwide Inc.
Freddie Mac receives additional $6.1 billion from government to help offset its liabilitiesJuly 1st, 2009 Freddie Mac receives additional $6.1B from gov'tNEW YORK — Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday. The Federal Housing Finance Agency, which has been operating Freddie Mac since last fall, requested the funds for Freddie Mac after the mortgage firm's liabilities exceeded its assets by more than $6 billion, according to the filing with the Securities and Exchange Commission.
South African Airways to add six flights for IPLMay 11th, 2009 KOLKATA - South African Airways (SAA) will operate six additional flights between India and South Africa on account of the Indian Premier League (IPL) season, the company said Monday. 'These additional flights will be deployed on this route between May 18 and 26 to meet the rush for the semi finals and final IPL matches,' the company said.
Citi plans to address $5.5B shortfall by converting more preferred shares into common stockMay 8th, 2009 Citigroup convert an additional $5.5B in stockNEW YORK — Citigroup Inc. is planning to convert an extra $5.5 billion of preferred shares into common stock to address its capital shortfall.
13 additional observers deployed in West BengalMay 6th, 2009 NEW DELHI - The Election Commission has deployed 13 additional observers to oversee the poll process in some West Bengal Lok Sabha constituencies where elections are to be held Thursday. 'The commission has also deployed one additional observer in Uttar Pradesh and two observers in Bihar,' Deputy Election Commission R.
Tamil Nadu to have additional observersMay 6th, 2009 NEW DELHI - The Election Commission Wednesday said it will deploy additional observers in some areas of Tamil Nadu. Asked if the Election Commission has taken any action against Chief Minister M.
Cricket and election 'can't go together' in West BengalMarch 17th, 2009 KOLKATA - The West Bengal government has made it clear to the Indian Premier League (IPL) authorities that cricket matches and the polls 'can't go together as far as security is concerned', an official said Monday. IPL cricket matches can take place in Kolkata during the Lok Sabha elections only if the central government provides additional security forces, said additional chief home secretary of West Bengal Ardhendu Sen.
IAEA approves additional nuclear inspections for IndiaMarch 4th, 2009 VIENNA - The International Atomic Energy Agency (IAEA) Tuesday approved additional nuclear inspection measures for India, which the country has to ratify before it can receive imports for its growing nuclear energy sector. Diplomats said in Vienna that although the 35-country IAEA governing board had approved the additional measures, they fell short of Additional Protocols that are in place for other countries.
States allowed to borrow Rs.300 bn more next fiscalFebruary 27th, 2009 NEW DELHI - The central government Thursday approved the relaxation of fiscal deficit targets of states for the next financial year by allowing them to borrow up to 3.5 percent of gross state domestic product (GSDP), resulting in an additional borrowing capacity of Rs.300 billion (Rs.30,000 crore). This extends the relaxation provided in January for 2008-09 as part of the second stimulus package.
Government seeks $4.2 bn from World Bank to recapitalise banksFebruary 15th, 2009 NEW DELHI - The government has sought an additional $4.2 billion loan from the World Bank, majority of which will be used to recapitalise four state-run banks, a top official said here Monday. 'The government has sought additional world bank spending of $4.2 billion.
Government increases states' borrowing limitJanuary 28th, 2009 NEW DELHI - The borrowing limit of state governments will be increased and their fiscal deficit targets relaxed to allow them raise funds for capital expenditure for 2008-09, the government said Thursday. The cabinet committee on economic affairs, which met Wednesday evening, decided to allow states to borrow up to 3 percent of their respective gross state domestic product (GSDP) with an additional borrowing limit of 0.5 percent of their GSDP.
Higher salaries suggested for Tripura government employeesJanuary 15th, 2009 AGARTALA - Tripura government employees are expected to get a 30 to 33 percent salary hike with effect from January, officials said here. The pay review committee constituted by the Tripura government in August last year to revise the salaries and allowances of the 136,300 government employees and 42,400 pensioners recommended a salary hike.
Power situation improves in MaharashtraJanuary 11th, 2009 MUMBAI - With an eye to the forthcoming elections, the Maharashtra government Monday announced marginal relief in load-shedding across the state from Tuesday. Power Minister Sunil Tatkare said the move would benefit rural, urban, agricultural and non-agricultural zones, which were reeling under steep power cuts ranging from 3 to 13 hours daily.
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