Treasury

This is your morning news summary from Benzinga for Tuesday, May 24th, 2011, covering overnight and pre-market news affecting today's trading session. Stock index futures are pointing to a slightly higher open today after a negative session to the start of the week. On Monday, euro zone debt...

The United States reached the legal limits of its borrowing authority on Monday, as heated fiscal debates take place around the country. The Treasury Department is saying that it's using federal pension funds, among several emergency measures, to sustain the country's bills until Congress can meet...

American International Group, Inc. (NYSE: AIG) could see its $9 billion offering dropped if the Treasury, its biggest shareholder, doesn't see a profit in the sale, sources familiar with the matter said. The sources, speaking to Reuters on condition of anonymity, said the Treasury would only allow...

The Board of American International Group, Inc. (NYSE: AIG) approved the company's second initial public offering in its history, according to a source familiar with the matter. CNBC's Kate Kelly first reported the development late Tuesday night. According to her report, "As part of the deal, the...

The U.S. Treasury just completed its 5 year auction, and it was, to put it mildly, very ugly. The government auctioned off $35 billion worth of 5 year debt. It had a 2.69 bid to cover ratio, and went off at a yield of 2.19%. Rick Santelli graded the auction at a D-, based on weak indirect...

Reuters is reporting that AIG (NYSE: AIG) and the US Treasury are planning a public offering for 2011. According to Reuters, sources close to the matter say, "AIG and the Treasury would both sell stock in the offering, which could total more than $10 billion. An offering could come as early as...

J.P. Morgan is out with an update after the Treasury announced a bulk sale of its remaining 2.4 bil shares of Citi (NYSE: C) In a note to clients, J.P. Morgan writes, "At current price, this would amount to about an $11 bil offering. Treasury's announcement indicates a desire to only sell if the...

By Wayne Jett © October 10, 2010 Fear was not the only thing Americans had to fear in 1933, as Franklin Roosevelt well knew. High tariffs shut down trade and production; high taxes stripped private capital; and rampant fraud in financial markets looted capital and drove survivors to gold shelter....

Despite all of the progress we have made over the past 18 months, renewed concerns over the sustainability of the tepid economic recovery are rising. Concerns about Greece and then Portugal, followed by Germany's ban on naked short-selling and euro concerns, have pushed the stock market down in...