Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «debt»

January 19, 2017 11:08 PM Treasury nominee says U.S. won't default on its debt

WASHINGTON -- President-elect Donald Trump’s choice to run the Treasury Department is promising that the United States won’t default on its debt, and he wants to raise the country’s borrowing limit “sooner rather than later.” The debt ceiling is only suspended through mid-March, and the so-called extraordinary measures will likely push back the deadline 11

January 19, 2017 9:20 PM Mnuchin emerges from confirmation hearing intact

In a wide-ranging hearing that exceeded five and a half hours, Mnuchin was pressed by Democrats for details on everything from his thoughts on tax reform to how he defended foreclosures carried out under his watch as the top executive of OneWest Bank. But like many of Trump’s picks, at the end of the day it appeared that Mnuchin could still rely on enough 13

January 19, 2017 7:42 PM Trump Treasury pick diverges from GOP playbook

Mnuchin outlined his views amid harsh questioning from Democrats about his business background and offshore investments. Treasury secretary nominee Steven Mnuchin diverged from congressional Republicans Thursday on key policy issues, signaling a willingness to go his own way on bank regulation and tax administration. In a sometimes contentious hearing 17

January 19, 2017 6:38 PM Mnuchin Defends Banking Past, Advocates Strong U.S. Dollar

Treasury Secretary nominee Steven Mnuchin said a strong dollar is important over the long term, noting that it’s currently “very, very strong,” and that avoiding U.S. default on the debt would be a top priority if he’s confirmed. Mnuchin also defended his personal record as a founder of OneWest Bank amid the hous2ing crisis, and pushed for tax reform 14

January 19, 2017 2:40 PM ECB says only government bonds will be bought under deposit rate

FRANKFURT The European Central Bank said it would not buy any private debt that yields less than its deposit rate and it would give priority to bonds above that yield level even when purchasing public-sector bonds. "No purchases below the deposit facility rate (DFR) will be conducted under the third covered bond purchase program (CBPP3), the asset-backed 16

January 19, 2017 1:44 AM Student Loan Collector Cheated Millions, Lawsuits Say

The lawsuits describe routine mistakes and lapses in oversight that over time added up to systematic failures, eerily similar to the mortgage servicing industry’s bungling of borrower accounts and property foreclosures during the 2008 recession. Financial companies eventually paid more than $100 billion to settle mortgage-related lawsuits. Navient mishandled 29 5

January 18, 2017 10:07 PM Netflix Adds Record New Customers With Gains at Home, Abroad

Netflix Inc. signed up a record 7.05 million new customers in the fourth quarter, topping analysts’ estimates for domestic and international growth to cap the company’s first year as a global online TV service. The company added 5.12 million new customers in international markets, according to a statement Wednesday, beating analysts’ estimates of 3.78 million 15

January 18, 2017 5:59 PM EU mergers and takeovers (Jan 18)

-- U.S. healthcare company Johnson & Johnson to acquire U.S. peer Abbot Laboratories' eye-surgery unit (notified Jan. 17/deadline Feb. 21) -- Japanese electronics products maker Sharp, which is a unit of Taiwanese conglomerate Hon Hai, to acquire a majority stake in UMC from Skytec UMC (notified Jan. 17/deadline Feb. 21/simplified) -- German cement producers 17

January 18, 2017 1:01 PM Can the EPA’s main antagonist become its next leader?

Scott Pruitt, the Oklahoma attorney general who has spent the past six years in office battling the Environmental Protection Agency, will get his chance Wednesday morning to convince lawmakers on Capitol Hill that he is qualified to run the agency. Democrats on the Senate Environment and Public Works Committee are likely to barrage the 48-year-old former 9

January 18, 2017 4:27 AM China Huarong launches new unit for debt-for-equity swaps

BEIJING Jan 18 China Huarong Asset Management Co (AMC), the country's biggest distressed debt manager, said on Wednesday it launched a wholly owned subsidiary as a "strategic platform" to conduct debt-for-equity swaps. The new entity, Huarong Ruitong Equity Investment Management Co, has a registered capital of 300 million yuan ($43.74 million), Huarong 13