Archive for February, 2009

Global Banking Corporation Annual General Meeting highlights company’s success in 2008

Global Banking Corporation B.S.C held its Annual General Meeting at the Bahrain Ritz-Carlton hotel today, briefing shareholders on the bank’s progress through the past year and presenting strategies to counter recent developments in the financial world.


Typical family would get tax cut under plan

WASHINGTON — A typical American family would get a tax cut under President Barack Obama’s budget proposal, and their low-income neighbor would fare even better.


When there’s no saving graces, why not knock years off the mortgage?

It’s a question on many home-owners’ lips: what to do with the spare cash in their pockets now rates have been slashed so dramatically that some borrowers on tracker mortgages for example, are now paying less than 1 per cent in interest. Should they simply enjoy the lower repayments and save the extra cash, or start overpaying to knock years, and possibly thousands of pounds in interest, off …


Small Talk: Entrepreneurs find upsides in home-based business

For many of the millions of Americans who lost their jobs over the past year, the next step is starting a business.


Habitat home offers new hope for local families

As the Pagan-Ramos family tried to manage in a small three-bedroom apartment in New Bedford, they did so knowing that their status as renters would end when they moved into their new house at Byrne Circle in Wareham as first-time homeowners thanks to the Buzzards Bay Area Habitat for Humanity program.


Growth blueprint

MANAMA: Global Banki-ng Corporation yesterday unveiled strategies to counter the financial crisis. It will enhance risk mitigation measures and ensure profitable growth.


GMAC CEO awarded $11.62 mln compensation in 2008

NEW YORK – GMAC LLC on Friday said Chief Executive Alvaro de Molina was awarded $11.62 million of compensation in 2008, more than twice as much as a year earlier, when he engineered debt restructurings and capital raising to keep the struggling finance company in business.


GMAC CEO awarded $11.62 mln compensation in 2008

NEW YORK – GMAC LLC on Friday said Chief Executive Alvaro de Molina was awarded $11.62 million of compensation in 2008, more than twice as much as a year earlier, when he engineered debt restructurings and capital raising to keep the struggling finance company in business.


GMAC CEO awarded $11.62 mln compensation in 2008

GMAC LLC on Friday said Chief Executive Alvaro de Molina was awarded $11.62 million of compensation in 2008, more than twice as much as a year earlier, when he engineered debt restructurings and capital raising to keep the struggling finance company in business.


CORRECTED: GMAC CEO awarded $11.62 mln compensation in 2008

Corrects to state Molina joined GMAC as chief operating officer, not chief executive officer, in paragraph four