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• Fed, Treasury mulling commercial paper support
WASHINGTON (Reuters) - The U.S. Treasury Department and the Federal Reserve are considering additional steps to support strained commercial paper markets, a source familiar with the discussions said on Monday. Among steps under consideration would be ...
• Stocks end trading day with another big loss
Earlier, the Fed announced plans to buy massive amounts of corporate debt to jump-start lending in the markets where many companies turn for short-term loans called commercial paper. The evaporation of faith that loans will be repaid has lenders ...
• Fed unveils plan to fund some business loans
The Federal Reserve, invoking Depression-era power under “unusual and exigent circumstances,” will buy “commercial paper,” a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing ...
• Nuclear renewal spurs demand for engineers
It was the most serious commercial nuclear plant accident in American history. Seven years later, horrific images of people injured in the Ukraine after a reactor in the Chernobyl power plant exploded cast an even darker pall on the industry. Tighter ...
• A new, more powerful Fed emerges in crisis
On Tuesday, the Fed announced it will buy vast amounts of corporate debt, some of it unsecured, in hopes of renewing the flow of money in so-called commercial paper markets. That is where many companies turn for short-term loans to finance their most ...