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Exxon Mobil will buy XTO Energy in an all-stock $31 billion deal as the oil giant moved aggressively Monday to capitalize on the growing supply of natural gas at home. ...more
December 15, 2009
WASHINGTON (AP) - The Federal Reserve says GMAC is the only one of 19 stress-tested banks that needs more capital to withstand a future downturn. ...more
November 9, 2009
The U.S. government will exchange up to $25 billion in emergency bailout money that it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises. ...more
February 28, 2009
The Obama administration hopes to restore confidence in the nation's ailing financial sector by subjecting 19 of the largest banks to "stress tests" that will gauge whether each institution has adequate capital to survive a severe downturn. ...more
February 26, 2009
Goldman Sachs Group, seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion. ...more
September 25, 2008
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