http://onlinecons.com Business and Finance news Thu, 11 Mar 2010 20:03:38 +0000 http://backend.userland.com/rss092 en In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out only $250 at a time and limited withdrawals for overseas trips to $1,000.Greece, in the middle ... http://onlinecons.com/fears-of-a-greek-bank-run/ Citigroup CEO Vikram Pandit thanked U.S. taxpayers for delivering billions of dollars of aid during of the depths of the credit crisis, but offered few details on why the government needed to step in more than once to rescue the embattled firm.Testifying before a congressional watchdog group Thursday, ... http://onlinecons.com/citis-pandit-faces-bailout-questions/ The European Central Bank said its offerings of three-month cash will return to variable interest rates on April 28. President Jean-Claude Trichet made the announcement at a press conference in Frankfurt. “Amounts will be set with the aim of ensuring smooth conditions in money markets” and avoiding ... http://onlinecons.com/ecb-will-switch-to-variable-rate-on-three-month-cash-offers/ European Union Monetary Affairs Commissioner Olli Rehn will likely push Greece to do more to cut its budget deficit today as governments craft a possible rescue package for the cash-strapped nation. Rehn will meet with Prime Minister George Papandreou as German lawmakers say euro-area officials are devising ... http://onlinecons.com/eu-crafts-aid-plan-as-rehn-to-push-greece-to-cut-budget-deficit/ Coca-Cola Co. may buy the North American operations of its biggest bottler, a deal that echoes a move by rival PepsiCo in response to falling soft-drinks sales, The Wall Street Journal reported Wednesday. If the partial acquisition of Coca-Cola Enterprises Inc. goes through, the rest of the ... http://onlinecons.com/coca-cola-may-buy-bottler/ Sun Hung Kai Properties Ltd. shares jumped after the developer sold 900 homes in Hong Kong for HK$4.2 billion ($540 million) over the weekend, fueling speculation the city’s housing market is overheating. Shares of the world’s biggest developer by market value added 1.7 percent to HK$101.80 at ... http://onlinecons.com/sun-hung-kai-shares-advance-after-hk42-billion-home-sales/ The federal government has offered Hawaii $16.6 million in stimulus relief to help cover the costs of prescription drugs for residents eligible for both Medicare and Medicaid. The U.S. Department of Health and Human Services announced Thursday that the temporary boost is part of the American Recovery and Reinvestment ... http://onlinecons.com/hawaii-gets-166m-in-medicaid-relief/ Fitch Ratings has assigned its AAA rating to Mecklenburg County’s $116 million in general obligation refunding bonds, series 2010. The debt is slated for sale on Feb. 23. The outlook is stable. Fitch cites the county’s broad, diverse economic base, solid reserve levels and debt policies business card. ... http://onlinecons.com/fitch-gives-aaa-rating-to-mecklenburg-bonds/ The Missouri Supreme Court has thrown out $125,000 in damages awarded to a former employee of Pepose Vision Institute of Chesterfield because a juror made anti-Semitic comments. The high court’s decision requires a trial judge to examine allegations of prejudicial remarks made by one or more jury members and, ... http://onlinecons.com/mo-supreme-court-throws-out-damages-awarded-to-ex-pepose-worker/ Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Remodeling magazine, the ... http://onlinecons.com/6-ways-to-ensure-a-remodeling-project-pays-off/