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- WASHINGTON -(Dow Jones)- Automobile-finance companies are lobbying the government to take several major steps to stabilize the battered industry, arguing that doing nothing could further crimp car sales. The lobbying comes amid fresh signs of the ...
- LONDON -- World stock markets underwent a fresh round of bloodletting Thursday, unable to find relief in a late-session rally on Wall Street. The trading day began with steep losses in Asia, where Japanese shares shed more than 11 percent in their ...
- MUMBAI/ HONG KONG: As Henry Merritt ‘Hank’Paulson Jr, the US treasury secretary, tries to clean up the sub-prime home loan mess with a $700 billion bailout, there is trouble brewing at other ends. “Subprime is yesterday’s news,” says Robert ...
- Thursday, October 16 th , 2008. Issue 42, Volume 12. The Small Business Administration’s (SBA) Office of Disaster Assistance provided 63 loans to Fallbrook businesses and residents following last October’s Rice Fire. The loans totaled $7,552,700 ...
- NEW YORK (CNNMoney.com) -- With thousands of stores closing in the economic downturn, the increase in empty space at the nation's shopping malls is leaving a hole in the hearts of once-vibrant communities. In some cases, one-quarter or more of ...
- Oct. 16 (Bloomberg) -- U.S. prosecutors are adding employees to investigate New York-area financial firms for possible fraud linked to a global credit crisis that has wiped out $30 trillion of equity value in the past year. The extra personnel will ...
- So far, a number of unprecedented steps have been taken to unfreeze the credit markets. How widespread and frosty this freeze actually may be is a matter for conjecture. Dodgy borrowers--probably including a good three-quarters of the political ...
- Shrugging off a steadily deteriorating global economy, the search goliath reported a 26 percent increase in profits for the third quarter of 2008. Just as I noted in April fully 51 percent of its paid advertising clicks came from outside the United ...
- By Matthew Boyle GE Capital, once the golden child in its parent's portfolio, has been a drag in recent weeks as investors battered General Electric ( GE ) stock on fears the financing arm was vulnerable. But what about similar units of other ...
- By Michael Orey In coming weeks, five former insurance executives, including General Reinsurance ex-CEO Ronald Ferguson, are due to appear in federal court in Hartford. There, U.S. District Judge Christopher F. Droney will sentence them for their ...
- By Matthew Boyle Not long ago, a national marketing campaign from motorcycle maker Harley-Davidson ( HOG ) addressed the sputtering economy with a heavy dollop of devil-may-care attitude. The tag line: "Screw It. Let's Ride. Harley seems to have ...
- UPDATED AT 5:23 A.M. -- HONG KONG -- World stocks tumbled Thursday, with Tokyo’s market plunging more than 11 percent, after another dive on Wall Street as worse-than-expected data about the U.S. economy heightened fears of a global recession ...
- SWITZERLAND has announced a nearly $60 billion bailout of its largest bank, shaking the country's reputation as a financial haven protected from the global meltdown by its hallowed tradition of discreet and conservative investing. Most of the bailout ...
- The global economic crisis deepened on Thursday as Hungary and Ukraine turned to international institutions for support in an effort to avoid following Iceland into financial turmoil. It is the first time in the 15-month credit crunch that ...
- In February 1990, Illinois regulators held what was believed to be the first-ever state hearing to consider blocking a thrift merger for lack of compliance with CRA. The challenge was filed by ACORN, led by Talbott. Officials of Bell Federal Savings ...
- Citigroup Inc. and Merrill Lynch & Co. reported almost $8 billion of losses in the third quarter as their top executives said the economic contraction will shred profit into 2009. Citigroup, the second-biggest U.S. bank by assets, lost $2.8 billion ...
- Oct. 16 (Bloomberg) -- Brazilian stocks fell, heading for the lowest level in two years, on concern a decelerating global economy will hurt demand for commodities and slow profit growth. Suzano Papel e Celulose SA , Latin America's second-biggest ...
- NEW DELHI: The liquidity crunch is wrenching the fun out of the festive season for both auto financiers and car companies. According to OEM sources, auto financiers have been left squealing from the liquidity squeeze, and disbursals have dropped ...
- LONDON - European stock markets fell Thursday after Japan’s Nikkei tumbled more than 11 percent overnight amid mounting anxiety that the world economy is plunging into a deep and protracted recession. The latest bout of selling in the markets was ...
- PNC Bank Adds to Loan Reserves, Profits Drop 39% PNC Financial Services ( PNC Quote - Cramer on PNC - Stock Picks ) reported its third-quarter profit fell 39%, after increasing the amount of funds set aside to cover bad loans. The company's EPS ...
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