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Austerity measures of pay cuts and pension freeze supported by the European Union and International Monetary Fund (IMF) cause civil servants to stage a 24-hour strike in Greece. (Al Jazeera) The United States dollar reaches a 15-year low against the Japanese yen and depreciates against a range of other currencies due to concerns about further ...
On August 26, 2005, the bankruptcy court extended the airline's exclusive right to file a reorganization plan to November 1, although it also stated firmly this extension would be the last. United announced at the same time that it had raised $3 billion in exit financing and filed its Plan of Reorganization, as announced, on September 7, 2005.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
On May 16, 2011, an affiliate of Cerberus agreed to acquire the U.S.-based global billing and payments unit of 3i Infotech Ltd. for $137 million. [23] [24] On October 4, 2011, Cerberus and Garanti Securities announced the formation of a joint initiative to pursue investments in Turkey with an initial commitment of $400 million. [25]
On August 3, 2009, Bank of America agreed to pay a $33 million fine, without admission or denial of charges, to the U.S. Securities and Exchange Commission (SEC) over the non-disclosure of an agreement to pay up to $5.8 billion of bonuses at Merrill. The bank approved the bonuses before the merger but did not disclose them to its shareholders ...
In a reply dated November 25, 2020 to a Right to Information request filed by the Internet Freedom Foundation seeking information about the facial recognition system being used by the Delhi Police (with reference number DEPOL/R/E/20/07128), [135] the Office of the Deputy Commissioner of Police cum Public Information Officer: Crime stated that ...
The Financial Crisis Inquiry Commission reported in January 2011 that many mortgage lenders took eager borrowers' qualifications on faith, often with a "willful disregard" for a borrower's ability to pay. Nearly 25% of all mortgages made in the first half of 2005 were "interest-only" loans.
Hydro One is a holding company with four subsidiaries, the largest being Hydro One Networks.It operates 98% of the high voltage transmission grid throughout Ontario, and serves 1.4 million customers in rural areas across the province in its capacity as Ontario's largest distribution utility.