US pledges financial rescue plan: related news

US pledges financial rescue plan

US officials say they will hammer out a "comprehensive" plan to help ease what has become a global financial crisis.

Paulson reveals bank rescue plan

US Treasury Secretary Henry Paulson says the US government is planning to invest directly in US banks to prevent them from failing, expanding the focus of the government's $US700 billion ($1 trillion) rescue plan.

US debt rescue plan takes shape

US President George W Bush has defended a rescue package to tackle the worst financial markets crisis for decades.

Rescue flag exhibition teases government over rescue plan: Artist: "Art should always be a part of political life."...

Berlin -- While German banks began queuing up for a handout under the government's 500-billion-euro plan for shoring up the financial sector, rescue flags begun emerging across the lawn in front of the nation's parliament building, the Reichstag.

US stocks surge on rescue report

Leading US shares have surged, boosted by a report that the US government might announce a new plan that would help tackle the financial crisis.

USD 250 bn out of mega rescue plan to go for stakes in banks

Washington, Oct 14 (PTI) US President George Bush today announced that his government would buy equity stakes in country's banks at a cost of 250 billion dollars as part of its mega rescue package for the financial sector. This unprecedented move in US history would enable healthy institutions help overcome the crisis in the country.

Ascensus, LPL Financial and 401(k) Advisors Partner to Deliver a New Retirement Plan Offering with Fiduciary Protection

s largest independent administrator and recordkeeper for plans in the micro to large segments of the market, announced today it has partnered with LPL Financial and 401(k) Advisors to deliver a unique and innovative retirement plan solution: Fiduciary Advisor 401(k). Designed to support financial advisors and their clients, Fiduciary Advisor 401(k) is a comprehensive suite of retirement plan services, featuring a broad investment platform, full-fee disclosure and fiduciary protection.

Germany unveils $681 billion bank rescue plan

LONDON (MarketWatch) -- German Chancellor Angela Merkel on Monday outlined a 500 billion euro ($681 billion) rescue package for German banks. The plan includes 400 billion euros to guarantee loans and up to 80 billion euros to be used to recapitalize the German banking sector. In addition the package includes a 20 billion euro provision to cover potential losses. Merkel said the plan is aimed at stabilizing markets and added banks that take advantage of the plan will have to abide by certain requirements, including restrictions on management pay and a commitment to maintain lending. She also said countries need to work more closely on overseeing international firms and the IMF should take a bigger supervisory role when dealing with those firms.

Equifax to Change U.S. Retirement Plan and Offer Enhanced 401(k) Plan

today announced that it is redesigning its retirement program for active U.S. employees effective January 1, 2009. The changes will affect approximately 4,000 of the Company's approximately 7,000 employees. Equifax will freeze its qualified defined benefit pension plan for U.S. employees who do not meet certain grandfathering criteria for retirement eligible employees, and will provide these employees and certain other employees not eligible to participate in the Plan with an enhanced 401(k) savings plan. The pension plan amendments will freeze service credit, but will continue to credit for the participant's salary increases over time. Grandfathered employees will remain in the current pension and 401(k) plans. (Logo:

Gainey & McKenna Announces Analog Devices, Inc. 401(k) ERISA Class Action Litigation Update

NEW YORK, Oct. 10, 2008 (GLOBE NEWSWIRE) -- Gainey & McKenna and Squiteri & Fearon, LLP are counsel to the Plaintiff and the proposed class of all participants in the Analog Devices, Inc. (``ADI'') Investment Partnership Plan (the 401(k) ``Plan'') who purchased or held shares of Analog stock in the Plan at any time between October 5, 2000 and the present. They have filed a class action in the United States District Court for District of Massachusetts which arises from the options backdating at Analog and alleges that Analog and other fiduciaries of the Plan violated their fiduciary duties to the Plan's participants. The lawsuit alleges that Analog and certain individuals who were responsible for managing and administering the Plan failed to disclose important information to the participants of the Plan, including information about Analog'

US plans $356 billion bank buyout

THE US Treasury Department intends to unveil overnight a $US250 billion ($356 billion) plan to purchase equity stakes in financial institutions along with a three-year guarantee of bank-to-bank lending, according to a financial policy source familiar with the plan.

US indicts UBS wealth management head

UBS suffered its biggest blow yet in the US investigation into its offshore banking activities for rich American clients as US authorities said they had indicted Raoul Weil, the Swiss bank’s head of global wealth management. The US Department of Justice indictment also said other senior unnamed UBS’s executives were involved as alleged “unindicted co-conspirators�. Separately, the indictment includes detailed allegations about how other, more junior, managers sought to circumvent US tax rules over a period of years. The DoJ claims Weil used the expression “toxic waste� to refer to the US business because of its acute sensitivity. In a statement Tuesday night, UBS said Weil would relinquish his duties pending resolution of the matter and said the bank was “fully committed� to continuing co-operating with the probe.

House backs $700bn bail-out plan

The US House of Representatives has passed a $700bn (£394bn) government plan to rescue the US financial sector.

The tenets of personal financial success (Proceedings)

Personal financial planning is the process of organizing your financial goals into a workable plan so that you can live with financial security in the style you desire. It involves proper handling of cash flow, assets, and liabilities. Financial planning is the way to get from where you are now to where you want to be. It brings the future into the present, while there's still time to do something about it. To quote Peter Drucker, "the best way to predict the future is to create it."

Toys "R"Us to Offer Apple iPod "For the First Time Ever"

The iPod phenomenon shows little signs of abating. A spokesperson from the giant, Wayne, NJ-based toys retailer Toys”R”Us informs us that, beginning this month, it will offer a “wide selection of Apple iPod products in all of its Toys”R”Us stores nationwide for the first time ever.” Those comments refer to the American Toys“R”Us outlets and Web sites only. Although iPods aren’t yet listed on America's Toys"R"Us Web site, they have been available through its U.K. affiliate (www.toysrus.co.uk) for well over a year. There's no word when (or if) iPods might become available in Canada through this retail channel.

Understand the Evolving Online Financial Services Market in Australia for 2008: Discover...

Understand the Evolving Online Financial Services Market in Australia for 2008: Discover the Recent Regulatory, Security & Technology Changes DUBLIN, Ireland--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/e1cd27/online_financial_s) has announced the addition of the "Online Financial Services in Australia 2008" report to their offering. Australian online financial services is a rapidly growing and evolving market segment. There have been changes to consumer attitudes, regulatory environment, technology and security. Going forward, the online channel is expected to become yet more important for financial services providers. Scope - Includes a comprehensive overview of online financial services in Australia.

US lawmakers publish rescue deal

US politicians have announced a $700bn deal to rescue America's financial system and end the credit crunch.

Healing the personal financial crisis in America

With over one million Americans in personal bankruptcy, and nearly two million people losing their homes to foreclosure, we have entered into perhaps the most difficult financial time since the great depression in the 1930’s. The personal financial crisis affecting the lives of millions is tragic and will undoubtedly have a ripple effect that will take years to unfold. In my over twenty years as a financial advisor and now, as a Money Coach, I have repeatedly witnessed the consequences that our collective lack of financial education and unconscious money patterns have on our ability to make informed financial decisions. Although we have evolved socially and technologically, we remain highly underdeveloped when it comes to money, which is proving to be hazardous to our personal and national health.

Google Says Moving Away from Fossil Fuels Could Cost US $4.4 Trillion

Google.org this week presented a plan to reduce fossil fuel dependence in the United States by 2030 in both the electricity and transportation sectors. According to research done by Google, the plan would cost approximately US $4.4 trillion to implement and could save consumers US $1 trillion over 22 years. The plan would also create new jobs.

ACLU Creates Map of US "Constitution-Free Zone"

trackpick points out a recent ACLU initiative to publicize a recent expansion of authority claimed by the Border Patrol to stop and search individuals up to 100 miles from any US border. They have created a map of what they call the US Constitution-Free Zone. "Using data provided by the US Census Bureau, the ACLU has determined that nearly 2/3 of the entire US population (197.4 million people) live within 100 miles of the US land and coastal borders. The government is assuming extraordinary powers to stop and search individuals within this zone. This is not just about the border: This 'Constitution-Free Zone' includes most of the nation's largest metropolitan areas.'"

BrazAlta Announces Private Placement of US$18.6 Million in BCH Ltd. And Provides a BCH Operational Update

BrazAlta Resources Corp. ("BrazAlta" or the "Corporation") (TSX VENTURE:BRX) is pleased to announce that its oilfield services subsidiary, BCH Ltd. ("BCH"), has completed a non-brokered private placement (the "Financing") of 4,474,999 Common Shares of BCH Ltd. ("BCH Common Shares"), at a price of US$4.163 per BCH Common Share for aggregate gross proceeds of US$18,629,421. BrazAlta Resources Corp. acquired 2,282,249 BCH Common Shares and Allis-Chalmers Energy Inc. ("Allis-Chalmers") acquired 2,192,750 BCH Common Shares in the Financing. BCH intends to use the proceeds from the Financing to pay down intercompany debt to BrazAlta (US$7.4 million), interest to Allis-Chalmers with respect to the previously announced US$40 million subordinated convertible debenture (the "Debenture") (US$3.

US Elections: What direction now for US space exploration?

US CONGRESSMAN Adam Schiff was touring Pakistan in May when NASA's Phoenix spacecraft touched down on Mars. He was struck by the glowing accounts of NASA's triumph that suddenly dominated the Pakistani newspapers. "In a country where there are such deep suspicions about what the US does, there was at least one area where the reaction was uniformly positive," says Schiff, whose district in California includes NASA's Jet Propulsion Laboratory, which built Phoenix. "And it's one area where the US shows that it is capable of doing great things."

US open: UK-style bank plan lifts stocks

LONDON (SHARECAST) - Coming off its worst week in three-quarters of a century, Wall Street has opened sharply higher, with a number of crisis stocks leading the way, after a US official confirmed the US Treasury is contemplating a UK-style capital injection for US banks through the purchase of equity.

Local CPA Earns Exclusive Personal Financial Specialist Credential as Financial Planning Expert

a financial planning expert with the Raleigh-based Beacon Financial Strategies, has recently been awarded the Personal Financial Specialist (PFS) Credential by the American Institute of Certified Public Accountants (AICPA).

Shares surge on US bail-out plan

Wall Street shares have rebounded sharply after a proposed US government plan to buy billions of dollars of US banks' bad mortgage-related loans.

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