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The initial deadline for applying for TARP funds for most companies is Nov. 14. Companies that qualify will be allowed to sell preferred shares to the Treasury. The government's investment is capped at 3% of the bank's highly regarded assets. (Risky investments are excluded.) The banks that receive...
Many of the hundreds of banks left to get funding are small and will qualify for far less than the $25 billion investment that was received by Citigroup, JPMorgan and others. Still, every day new companies are announcing that they will receive TARP funds. Last week, brokerage firm E*Trade...
One new force emerging in this year's holiday shopping spree is the increasing popularity of social shopping sites like Kaboodle, Etsy, ThisNext and Stylehive. Such online communities make buyers feel more comfortable opening their wallets. "People are reaching out for like-minded souls," says Wendy Liebman, CEO of WSL...
Cambridge was designated to receive $2.7 million for special education—75 percent of its budget. The budget cuts will likely lower this reimbursement rate to 72 percent.
Gaydamak's craziest scheme may be relying on the Arab vote. Not only does he risk losing his Beitar supporters, but traditionally, Jerusalem's Arabs seldom vote. Over the decades, the Palestinian leadership has urged Arabs to boycott municipal elections, claiming that it would validate Israel's "illegal" claim to...