recession

A multi billion dollar aid package for Bank of America is being considered by the federal government to help with losses at Merrill Lynch. Bank of America's shares fell another $1.88, to close at $8.32.  Bank of America benefited from last Fall’s relief aid, receiving $25 billion in aid. Even with aid from the government,…

Temple University has revealed their plan for budget cuts and to freeze nonunion salaries in 2010. The planned five percent cut will result in a savings of approximately $40 million. Additionally, the university has pulled its contract offer for the faculty union and will devise a less costly proposal. As state revenues weaken, more cuts…