News
Bernanke Blames Housing Market for Weak Economy
www.benzinga.com
[Benzinga] - By Brett Callwood Federal Reserve chairman Ben Bernanke has said that declines in home prices have forced the majority of Americans to curb spending habits, and that has had a hugely detrimental effect on the US economy. Further, Bernanke believes that
EnCana and Mitsubishi in $2.8 Billion Shale Deal
www.benzinga.com
[Benzinga] - By Brett Callwood Canadian natural gas provider EnCana (NYSE: ECA) announced on Friday that it had formed a partnership with Mitsubishi, with the Japanese conglomerate investing $2.9 billion. EnCana, for its part, has sold a 40 percent stake in its
German President Resigns
www.benzinga.com
[Benzinga] - By Brett Callwood Angela Merkel's hand-picked choice for German President Christian Wulff resigned on Friday, admitting that he had lost the trust of the German people. The post of President is a ceremonial position in Germany, unlike the United States
Lehman Brothers Ready for a Fight with Geithner
www.benzinga.com
[Benzinga] - By Brett Callwood Lehman Brothers Holdings and its creditors said late on Thursday that between them they intend to subpoena Treasury Secretary Timothy Geithner. Theyb wish to question Geithner under oath over allegations that JP Morgan (NYSE: JPM)
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