5 Things You Should Know Before the Stock Market Opens
By Joseph Woelfel - 04/25/12 - 6:04 AM EDTTheStreet) -- U.S. stock futures were rising Wednesday after profits at Apple
Dow components Boeing
The Treasury Department's Inspector General for the Troubled Asset Relief Program, or TARP, contradicted Wednesday a previous Treasury statement that the bank bailout program was profitable. In a quarterly report to Congress, Christy Romero, the special inspector general, said: "It is a widely held misconception that TARP will make a profit. The most recent cost estimate for TARP is a loss of $60 billion," adding that "taxpayers are still owed $118.5 billion (including $14 billion written off or otherwise lost)."
Mitt Romney won primaries in Rhode Island, Connecticut, Delaware, Pennsylvania and New York on Tuesday night, states he was expected to win and where a total of 231 delegates were at stake. Romney had 698 delegates coming into the primaries. "After 43 primaries and caucuses ... I can say with confidence -- and gratitude -- that you have given me a great honor and solemn responsibility," Romney said in New Hampshire. "A better America begins tonight," Romney said.
A case of mad cow disease was discovered in a dead dairy cow in California. The finding, announced Tuesday, is the first new case of the disease in the U.S. since 2006, according to The Associated Press Two major South Korean retailers suspended sales of U.S. beef Wednesday, AP reported. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.