Lloyds TSB Group Plc, the United Kingdom's biggest provider of personal loans, said profit in 2007 will meet analysts' estimates after a writedown on investments.
TPG Inc, the buyout group run by David Bonderman and James Coulter, will spend $282 million for a stake in NIS Group Co, a money-losing Japanese lender to consumers and small businesses.
Saving the environment wasn't as much on his mind as cutting costs when Indian entrepreneur Tulsi Tanti first turned to wind energy 13 years ago.
US President George W. Bush is set to announce a freeze on some subprime mortgages in an effort to stop a wave of foreclosures undoing the six-year expansion.
The United States is at an "elevated" risk of economic recession because of housing woes, faltering confidence within financial markets and high oil prices, the nonpartisan Congressional Budget Office said.
Fannie Mae, the largest US mortgage-finance company, is prepared to pay three-quarters of a percentage point more in annual dividends on $7 billion of new preferred stock than it did just last month on a similar security.
Economic growth is losing steam in the industrialized world after a strong run and the US economy is slowing hard but not sliding into recession, the Organization for Economic Cooperation and Development said yesterday.
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