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California May Need Emergency Treasury Loan: Report - Cnbc
california is fast running out of cash and may need as much as $7 billion in aid from the treasury department within weeks, the los angeles time reported, quoting a letter from california governor arnold schwarzenegger to treasury secretary henry ...
www.cnbc.com

Fbi Arrests Prominent Puerto Rico Senator - Fox News
san juan, puerto rico — the fbi arrested a prominent local senator in puerto rico on thursday after a federal grand jury indicted him on 32 counts including bribery, wire fraud and money laundering, officials said. sen. jorge de castro font was ...
www.foxnews.com

Putnam Fund Closes After Investors Pull Cash - Businessweek
putnam investments on thursday suddenly closed a $15 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as lehman ...
www.businessweek.com

Hobson Answers Your Money Questions - Abc News
susan, from tamaqua, pa., asked: my husband and i have life insurance policies with aig. should we keep on holding them or cash them in? if we would cash them in, i would not know a safe place to invest the money. my husband feels we should cash them ...
abcnews.go.com

Reserve's Money Fund 'breaks The Buck' - Cnn Money
boston (ap) -- the assets of a money-market fund that held $62 billion three months ago have fallen below a safety benchmark intended to ensure investors who put money in can get it all back - just the second unsettling instance in which a fund has ...
money.cnn.com

Asia Keeps Cash Flowing To Markets Despite Rally - Cnbc
japan and australia pumped a further $20 billion into their money markets as lending remained tight despite thursday's unprecedented $180 billion made available by the u.s. federal reserve to the global banking system.  new zealand relaxed rules on ...
www.cnbc.com

Federated Absorbs Failed Putnam Money Fund - Reuters
boston (reuters) - federated investors inc (fii.n: quote , profile , research , stock buzz ), one of america's biggest money market fund managers, took an unprecedented step on wednesday when it acquired assets from a rival's portfolio facing heavy ...
www.reuters.com

Changes: Plan To Aid Money Funds May Alter How Some Save - Usa Today
money-market funds and cash funds are designed not to lose investor principal. though this is not guaranteed, fund sponsors often support such accounts because of the withdrawals and damage to reputation that could result if they do not. on friday ...
www.usatoday.com

Hollywood Cash: Celebrities Raise Money For Obama And Mccain - Abc News
political conventions these days are less about choosing a candidate than they are well-orchestrated shows aimed at getting the party's message and candidate out to the country. kelsey grammer, sylvester stallone and heidi montag have all shown their ...
abcnews.go.com

The Credit Crunch Hits Money Funds (again) - Businessweek
money-market funds are considered one of the safest places to park cash. but that, like everything else in this wild market, is being challenged. the reserve fund, one of the most esteemed players in the money fund industry got caught holding lehman ...
www.businessweek.com