S.&P. 500 Breaks Through 2007 Closing High The benchmark index has repeatedly come close in recent days, but has pulled back each time as investors grappled with concerns about the banking crisis in Cyprus. The benchmark index was recently trading over 1,565.15 points, up 0.2 percent, despite a report of rising claims for unemployment benefits. More
Cyprus: cash, security control for banks reopening Cyprus has imposed limits on money transfers and hired extra security guards to prepare for the reopening of its banks, which have been shut for almost two weeks to avoid a run during the country's financial drama. More
Cyprus given 4 days to find bailout solution As Cypriot politicians raced to find a new financial rescue plan ahead of a Monday deadline, tensions built in the streets of the capital. Residents withdrew what money they could from ATMs amid concern the banks could collapse. More
Cyprus Finance Minister Targets Irish-Style Bailout Exit - Washington Post Cyprus Finance Minister Targets Irish-Style Bailout Exit - BusinessWeek 10/31/2014 - 7:05 am | View Link
Greek retail sales rise for third month in a row - Yahoo! Finance Greek retail sales rise for third month in a row - Reuters 10/31/2014 - 6:33 am | View Link
Cyprus’s Georgiades Bets on Economy for Irish-Style Bailout Exit - Bloomberg ... and positive economic signs to pull off an Irish-style bailout exit and ... country’s euro area and International Monetary Fund creditors ... 10/30/2014 - 2:48 pm | View Link
Greece satisfied that ECB tests leave bank bailout buffer untouched - Yahoo! Finance Greece satisfied that ECB tests leave bank bailout buffer untouched - Reuters 10/26/2014 - 9:39 am | View Link
Greece plans a 'prudent' exit from bailouts: Samaras - Reuters Greece plans a "prudent" exit from bailouts -Samaras - Yahoo! Finance 10/23/2014 - 10:25 am | View Link
Cyprus’s Georgiades Bets on Economy for Irish-Style Bailout Exit Cyprus' Finance Minister Harris Georgiades attends an Eurogroup meeting at the EU headquarters at the Kirchberg Conference Centre in Luxembourg, on Oct. 13, 2014. 10/31/2014 - 3:21 am | View Link
IMF cautions Greece on early withdrawal from program The IMF said Thursday that Greece is not ready to rely solely on commercial markets for financing, after Prime Minister Antonis Samaras said the country might exit its bailout early. With more than one year left in its rescue loan program for the country, the International Monetary Fund said Athens should still draw on it for support. "Greece has made important progress… but as recent events ... 10/30/2014 - 3:39 pm | View Link
Germany denies report on post-bailout aid for Greece * Finance ministers held bilateral meeting in Berlin BERLIN, Oct 30 (Reuters) - The German government on Thursday denied a Greek media report that the two countries' finance ministers had reached an agreement on further support for Greece after it exits its bailout programme. Finance Minister Wolfgang Schaeuble and his Greek counterpart Gikas Hardouvelis held a bilateral meeting on Wednesday on ... 10/30/2014 - 2:14 pm | View Link
Civil Society Platform on IMF Bailout launched Civil Society Organisation (CSO) Platform on the International Monetary Fund (IMF) Bailout to Ghana was launched in Accra on Tuesday. It was meant to engage citizens on issues concerning the bailout negotiations and areas that government must be keenly interested in, to the benefit of all. 10/28/2014 - 8:09 pm | View Link
Greece satisfied that ECB tests leave bank bailout buffer untouched ATHENS (Reuters) - Greece's finance minister expressed satisfaction on Sunday that the country's banking system "passed successfully" the ECB's stress tests, noting that Athens still has a buffer of 11.4 billion euros at its bank bailout fund. "It's extremely important that the reserves of 11.4 billion euros at the HFSF (Hellenic Financial Stability Fund) are left unused," Greek Finance Minister ... 10/26/2014 - 9:34 am | View Link
IMF Warns Greece Over Early Exit From Bailout Program The International Monetary Fund (IMF) expressed its opposition to the Greek government’s plans to rely solely on commercial markets for financing, after Prime Minister Antonis Samaras revealed that the country might exit its bailout program ahead of ... 10/30/2014 - 9:46 am | View Link
NHS trusts borrowing heavily from state bailout fund Some NHS hospital trusts in England are still counting on large government bailouts, the BBC has found. And a senior health analyst believes there will be a "significant increase" in the number requiring help this year. But he warns the "interim support ... 10/30/2014 - 12:01 am | View Link
CSOs Inclusiveness In IMF Bailout Discussions Essential Civil society Organizations (CSOs) say, the inclusion of the people in the International Monetary Fund (IMF) bailout discussions would be beneficial to both the government and the Fund. The Chair of the CSO Platform on IMF bailout, Joe Winful, said here at ... 10/29/2014 - 2:26 am | View Link
Civil Society Platform on IMF Bailout launched Accra, Oct. 28, GNA – Civil Society Organisation (CSO) Platform on the International Monetary Fund (IMF) Bailout to Ghana was launched in Accra on Tuesday. It was meant to engage citizens on issues concerning the bailout negotiations and areas that ... 10/28/2014 - 6:51 am | View Link
Reps stop CBN’s N50bn bailout fund Members of the House of Representatives yesterday through an amendment of the Asset Management Corporation of Nigeria, AMCON, Act, stopped the proposed yearly payment of N50 billion by the Central Bank of Nigeria, CBN, into the Resolution Cost Fund. 10/23/2014 - 9:00 pm | View Link
Top 6 U.S. Government Financial Bailouts The passage into U.S. law on October 3, 2008, of the $700 billion financial-sector rescue plan is the latest in the long history of U.S. government bailouts that go ... 10/30/2014 - 9:39 am | View Website
Bailout Definition | Investopedia INVESTOPEDIA EXPLAINS 'Bailout' Bailouts have traditionally occurred in industries or businesses that may be perceived as no longer being viable, or are just ... 10/30/2014 - 6:33 am | View Website
Follow the money: Bailout tracker CNNMoney.com's bailout tracker keeps tabs on the government's far-reaching - and expensive - effort to rescue the economy. 10/30/2014 - 2:23 am | View Website
Credit Crisis Bailout Plan (TARP)- The New York Times News about the credit crisis bailout plan. Commentary and archival information about the Troubled Asset Relief Program (TARP) from The New York Times. 10/29/2014 - 10:19 pm | View Website
Bank of America | Eye on the Bailout | ProPublica Bank of America was among the eight large U.S. banks (nine if you count Merrill Lynch, now part of BoA) to receive the Treasury Department's initial round of capital ... 10/29/2014 - 10:38 am | View Website
AUGUSTA — A 120-room, four-story hotel is proposed for Western Avenue in Augusta amid a cluster of hotels in a busy part of the city.
The hotel would be built at 377 Western Ave. on a lot visible from Interstate 95. The 11-acre site was cleared of most trees in recent years and is made up of five combined lots.
Auburn developer George Schott, who would co-own the 25,580-square-foot hotel with Florida-based Ocean Properties, said it would target customers staying for more than a week at a time.
Planning Board documents list the hotel as a Homewood Suites, which is a brand of Hilton Worldwide.
YPSILANTI TOWNSHIP, Mich. — Rosie the Riveter’s old plant in Michigan has officially avoided the wrecking ball.
Yankee Air Museum board chairman Ray Hunter signed papers Thursday making the aviation museum the owner of a 144,000-square-foot slice of the former Willow Run Bomber Plant, where Rose Will Monroe and other workers built B-24 Liberator bombers during World War II.
The signing ceremony represented the culmination of efforts to raise the $8 million needed to save part of the factory for the nearby Yankee Air Museum’s new home.
The Willow Run factory, which was built by Ford Motor Co.
Carl Robinson was remembered by his loved ones Thursday as a kind, honest and helpful guy, who could easily connect with people.
Mr. Robinson, of Standish, embraced a variety of interests throughout his life. He was a carpenter, a teacher, and a driver’s education instructor. He was a ham radio operator and a talented musician, who could sing and play the piano.
Plane loses power, crashes into flight school, killing four
A small plane lost power after takeoff and crashed into a flight-training building while trying to return to a Kansas airport Thursday, killing four people, injuring five others and igniting a fire that sent up towering plumes of black smoke that could be seen for miles around Wichita.
Three of the dead were inside a flight simulator in the building when the plane crashed into it at the city’s Mid-Continent Airport, and the fourth was found on the roof and is believed to be the pilot, Wichita Fire Chief Ronald Blackwell said.
Five others were injured in the crash, and one of them was in serious condition at a hospital, Blackwell said.