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US government liabilities rose by $2tn in 2010 – Treasury

By Agency Reporter Thursday, 23 Dec 2010 WASHINGTON: The United States government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2tn as commitments on government debt and federal benefits rose, according to a US Treasury official. Reuters reported on Wednesday that the Financial Report of […]

FreshDirect planning to raise $200m for expansion

By Agency Reporter Thursday, 23 Dec 2010 NEW YORK: FreshDirect Incorporated, the New York-based online grocer, plans to raise as much as $200m to expand in Washington and Baltimore, according to two people with knowledge of the situation. Bloomberg reported on Wednesday that FreshDirect was working with Deutsche Bank AG on […]

Russia to probe Moscow bank

By Agency Reporter Thursday, 23 Dec 2010 Moscow: A bank owned by the city of Moscow gave the mayor‘s wife a pile of rubles to help her out of a jam; now Russian law enforcement officials are demanding:”Show us the money.” Russian law enforcement officials have opened a criminal investigation into […]