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Bailout News

PNC’s Bailout Warrants May Fetch $253 Million (New York Times)

The government's warrants for the PNC Financial Services Group, acquired in the banking bailout, may raise $253.3 million for taxpayers if they go up for auction, according to Pluris Valuation Advisors.

PNC’s Bailout Warrants May Be Worth $253.3 Million (Update1) (Bloomberg)

Feb. 8 (Bloomberg) -- PNC Financial Services Group Inc. warrants held by the U.S. bailout program may raise $253.3 million for taxpayers if the government auctions the securities, according to Pluris Valuation Advisors LLC.

PNC’s Bailout Warrants May Be Worth $253.3 Million (Update1) (BusinessWeek)

PNC Financial Services Group Inc. warrants held by the U.S. bailout program may raise $253.3 million for taxpayers if the government auctions the securities, according to Pluris Valuation Advisors LLC.

Allies use suspect bank bailout to undermine Yudhoyono (Sydney Morning Herald)

JAKARTA: The two biggest coalition partners of the Indonesian President, Susilo Bambang Yudhoyono, have delivered highly critical assessments of the bailout of a collapsed bank, signalling the President's political support is fracturing.

Ontario to bailout Nortel pensioners (The Sudbury Star)

OTTAWA -- Ontario finance minister Dwight Duncan is expected to announce a bailout package for Nortel pensioners. The Ontario Government will pay into the Pension Benefits Guarantee Fund (PBGF) so that Nortel pensioners will receive up to $1,000 per month.[...]

Ontario to bailout Nortel pensioners (CNews)

Ontario Finance Minister Dwight Duncan is expected to announce a bailout package for Nortel pensioners.

High speed pursuit ends in bailout on County Road 440 Friday (Alice Echo-News Journal)

A pursuit on County Road 440 on Friday resulted in a bailout as the driver of a Chevrolet Tahoe plowed into a gate and made a getaway, along with his passengers, county officials said.

St. Vincent's Gets Another Bailout, Still Shaky (The Epoch Times)

St. Vincent's Hospital in West Manhattan may need a second bailout from the state, otherwise it may be closed down.

DEXIA ANNOUNCES SELL-OFF DEAL TO ASSUAGE EU OVER BAILOUT (The Tocqueville Connection)

BRUSSELS, Feb 5, 2010 (AFP) - Franco-Belgian bank Dexia, rescued by a major bailout during the 2008 crisis, has agreed to slash its operations by over a third over the next four years in order to get EU approval for the public aid.

Bailout recipient Lincoln National earns $102 million, turning around 4th-qtr loss (Minneapolis-St. Paul Star Tribune)

PHILADELPHIA - Life insurer Lincoln National Corp. said Monday that it earned $102 million in its fiscal fourth quarter, compared with a loss of $506 million a year earlier, but it lost $519 million for the year.




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