Skip navigation

Delphi buys back ownership stakes from GM and US

Auto parts supplier Delphi Automotive LLP said Thursday it is buying back ownership stakes from General Motors Co. and the federal government for $4.4 billion, a move that strengthens the company's balance sheet ahead of a potential public offering. Full story

Fed's balance sheet hits record in latest week

NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank continued to purchase bonds, Fed data released on Thursday showed. Full story

Fed balance sheet grows to record in latest week

NEW YORK (Reuters) - The U.S. Federal Reserve's balance sheet expanded to a new record size in the latest week, even as the Fed shed some agency debt and mortgage-backed securities, Fed data released on Thursday showed. Full story

Lear to split shares, start buyback and dividend

DETROIT (Reuters) - Auto parts supplier Lear Corp <LEA.N> said on Thursday that it would split its stock 2-for-1, begin a $400 million share buyback program and start paying a quarterly dividend, steps that show its progress in shoring up its balance sheet after a 2009 bankruptcy. Full story

Pandit says Citi is ready for regulatory changes

NEW YORK (Reuters) - Citigroup Inc is on track to exceed expected regulatory requirements and shrink its worst assets to less than 20 percent of its balance sheet, Chief Executive Vikram Pandit told employees in an end-of-year internal memo on Monday. Full story

Factbox: NY case alleges Ernst & Young fraud as Lehman auditor

New York prosecutors accused accounting firm Ernst & Young of helping to conceal Lehman Brothers Holdings Inc's financial problems before it collapsed in 2008. Full story

Sponsored Links

Articles

Ford: Moving quickly on investment grade goals

Financial stability set back by debt woes: IMF

Video

  NY Fed Maintaining Balance Sheet

CNBC's Steve Liesman says the NY Fed will maintain its balance sheet of $2.054 trillion.

advertisement | ad info