Posts Tagged ‘the-bailout’

Privatising US Treasury

There’s a few elements now that are being described as illegal that we’re finding out. First of all, the equity deals that were negotiated with the largest banks and also some smaller banks, representing $250 billion worth of the bailout money, this is the deal to inject capital into the banks in exchange for equity. The idea was to address the so-called credit crunch to get banks lending again. The legislation that enabled this was quite explicit that it had to encourage lending. Barney Frank,

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Chase Launches Sapphire Card for the Affluent Consumer

Chase Card Services has announced the launch of Chase Sapphire - calling it "the next generation rewards card designed for the affluent market." According to Chase, "Sapphire has been built from the ground up to address the needs of the top 15 percent of U.S. households by income who expect premium rewards, outstanding value, and exceptional service." Earlier this summer, Chase had announced the Ultimate Rewards program where Sapphire was initially mentioned.

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HP CFO: Windows 7 Won’t Be A Major Refresh Driver

While there are many who are making statements one way or the other on this topic, people tend to sit up and take notice when the CFO of the number one manufacturer of PCs makes the statement. from All Things D Hewlett-Packard (HPQ) CFO Cathie Lesjak says the company does not expect the debut of Microsoft (MSFT) Windows 7 to trigger a major PC refresh cycle. “We think it looks like a good product, one that folks will really like, but we don’t think it is different enough to drive a r

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