Archive for June, 2009

 

Wal-Mart backs employer health insurance mandate (Boston Globe)

June 30th, 2009

Wal-Mart , a huge company once criticized for less than generous employee benefits, has embraced President Barack Obama’s call for requiring all large employers to offer health insurance to their workers.

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Wal-Mart backs employer health insurance mandate (USA Today)

June 30th, 2009

Wal-Mart, a huge company once criticized for its less than generous employee benefits, has embraced President Obama’s call for requiring all large employers to offer health insurance to their workers.

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Wal-Mart, union back employer health insurance (San Francisco Chronicle)

June 30th, 2009

Wal-Mart is the latest in a line of traditionally Republican-leaning businesses to embrace key portions of President Barack Obama’s bid to overhaul health care, a trend that could complicate opponents’ efforts to build a united front when Congress ramps up… Sponsored Topics: Wal-Mart - Barack Obama - Health insurance - Employee benefit - Trade union

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Retail investment reforms are a call to action for the industry, says FSA (Out-Law)

June 30th, 2009

The FSA’s proposed new rules for the retail investment industry will impose a complete ban on commission-based sales and require firms to tell customers from the outset whether or not advice is independent and how much it will cost.

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Putin Tells Russia’s State Banks to Boost Loans by $16 Billion (Bloomberg)

June 30th, 2009

June 29 (Bloomberg) — Russian Prime Minister Vladimir Putin called on state banks to increase total loans by between 400 billion rubles ($12.8 billion) and 500 billion rubles by October as the government expands state loan guarantees.

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CCR Seeks Loans of as Much as $900 Million, LatinFinance Says (Bloomberg)

June 30th, 2009

June 29 (Bloomberg) — Cia. de Concessoes Rodoviarias is seeking loans of between $500 million and $900 million to replace short-term debt it used for large infrastructure projects, LatinFinance said, citing Chief Financial Officer Arthur Piotti.

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Putin tells banks to lend more as bad loans rise  (Reuters via Yahoo! UK & Ireland News)

June 30th, 2009

Russian Prime Minister Vladimir Putin told state banks on Monday to boost the economy with up to $16 billion (9.6 billion pounds) of fresh loans, as the country’s second biggest lender complained of a three-fold rise in bad debts.

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Bank Simpanan disburses RM103m in loans (Business Times (Malaysia))

June 30th, 2009

BANK Simpanan Nasional (BSN) has disbursed RM103.2 million in loans through more than 7,000 accounts under BSN Temaniaga, its micro-finance loan scheme.

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VTB Plans Layoffs As Bad Loans Swell (The Moscow Times)

June 30th, 2009

30 June 2009 By Courtney Weaver / The Moscow Times VTB Group may lay off as many as 1,000 employees at its retail banking operations as overdue loans threaten to reach 8 percent of its portfolio, executives said Monday at the annual shareholders meeting.

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Question time briefing: Work and pensions (Epolitix via Yahoo! UK & Ireland News)

June 30th, 2009

ePolitix.com reports on Monday’s work and pensions questions, which saw MPs express concerns over measures to support the unemployed.

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