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G.M. Drops Application For Federal Energy Loan

The carmaker based its decision on improved cash reserves and a desire to avoid more debt. The request had been pending in order to revamp factories and produce more fuel-efficient vehicles. View full post on All Stories

AIG to pay back Federal Reserve $21 billion credit line

AHN News Staff New York, New York, United States (AHN) – The American International Group announced Wednesday it will repay the U.S. Federal Reserve $21 billion credit line. AIG will fund the repayment from the sales of two life insurers from outside the U.S. After paying back what AIG borrowed from the regulator in 2008 [...]

Ottawa Plans Spending Cuts To Give Economic Recovery A Big Push

Ottawa is planning to put in place massive spending cuts in a bid to give Canada’s economic recover a big push. Federal Finance Minister Jim Flaherty was scheduled to outline the new economic policies in a speech Monday in Oakville, Ontario. Article © AHN – All Rights Reserved View full post on Economy, Business And [...]

Gold edges towards $1 400

Gold hit another record around $1 394/oz before speculators cashed in, but an unpopular decision by the Federal Reserve could still spur buying. View full post on Finance Stories

Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds

The decision by the United States Federal Reserve to pump $600 billion into the nation’s economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China. Article © AHN – All Rights Reserved View full post on Economy, Business And Finance Stories

Where To Find Small Business Grants For Your Start-Up

Grants are given every year for a variety of reasons, from small business start-ups, continuing education, preserving historic monuments, to art. Business grants are usually given to applicants that have a solid business plan, and the more detailed the reports are, the better chance of getting the grant.