Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington.LARRY DOWNING
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Here we go again?
The bond bubble will eventually pop, says the former head of the FDIC.
Banking industry's downsizing may be permanent
More than 160,000 job cuts have been announced since last year, and the bloodletting isn't over yet.
Manulife promises stability, Asian growth
Manulife Financial Corp is increasing its dependence on Asia as a means to reach a $4-billion core profit goal by 2016 and promises a departure from the volatile earnings that have plagued recent quarters.
Obama pressed to approve Keystone
A bipartisan group of senators has urged President Barack Obama to quickly issue a permit for the northern leg of the Keystone XL pipeline, a project environmental groups have vowed to keep fighting.
The Twinkie may yet survive
Hostess Brands has filed a motion to liquidate, but there is always a chance that the unions and Hostess will reach a deal before the plug is pulled.
Long Run Exploration selling $180-million in assets
The company formed from the combination of WestFire Energy Ltd. and Guide Exploration Ltd. said it will sell to an unnamed party assets producing about 1,800 barrels per day of oil and 600,000 cubic feet per day of natural gas in the southwestern Saskatchewan Viking play.