US midterm polls: The desis who disappointed

Democrat Amerish 'Ami' Bera In the battle for the Silicon Valley, incumbent Democrat Ami Bera, only the third Indian-American in the House, was trailing to Republican businessman Doug Ose. Bera......

JPMorgan, Amex plan to raise $5.5 bn

Financial services majors -- JPMorgan Chase and American Express are planning to raise $5.5 billion through sale of shares to repay federal funds received by them last year. JPMorgan, which got $25......

US stimulus: Treasury gets more returns

The Obama Administration's mega stimulus package that pumped in billions of dollars to revive the sagging US economy at the height of the recession is now giving high returns to the US Treasury, a......

US passes bonus tax bill

The House of Representatives has passed a legislation for levying a tax on bonuses granted to employees of companies, which have received at least $5 billion from the US Federal government's......

Wells Fargo to repay $25 billion bailout fund

Financial services firm Wells Fargo & Company has said it will repay bailout funds worth $25 billion to the US government. The entity is the latest one after Citigroup to announce its decision to......