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Auto bailout collapses in Senate

Posted by neophyteblogger 1263 days ago (http://money.cnn.com)
Category: Business | Tags: auto bailout collapses
Negotiations to bring measure up for vote fall short, possibly dooming GM, Chrysler to bankruptcy. read more »
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Oil Rises on Potential OPEC Cut, Traders' Contract Buybacks

Posted by neophyteblogger 1265 days ago (http://www.bloomberg.com)
Category: Business | Tags: crude oil traders
Crude oil rose as traders bought contracts to close out bets that prices will fall and on signs that OPEC will cut production twice in as many months[...] read more »
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Ex-Officer Faults Mortgage Giants for ‘Orgy’ of Nonprime Loans

Posted by neophyteblogger 1265 days ago (http://www.nytimes.com)
Category: Business | Tags: fannie mae freddie mac
Fannie Mae and Freddie Mac engaged in “an orgy of junk mortgage development” that turned the two mortgage-finance giants into vast repositories of su[...] read more »
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Bank Says It Will Consider Loan to Pay Workers in Factory Sit-In

Posted by neophyteblogger 1265 days ago (http://www.nytimes.com)
Category: Business | Tags: bank of america workers
Bank of America said Tuesday that it hoped to provide a limited amount of credit to allow a closed window and door factory here to pay money owed to [...] read more »
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Sony to Trim 8,000 Jobs and Reduce Investment

Posted by neophyteblogger 1265 days ago (http://www.nytimes.com)
Category: Business | Tags: reduce investment sony corporation
The Sony Corporation, the Japanese consumer electronics giant, said on Tuesday that it would eliminate 8,000 jobs and rein in planned investment in r[...] read more »
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Bonus Season Afoot, Wall Street Tries for a Little Restraint

Posted by neophyteblogger 1266 days ago (http://www.nytimes.com)
Category: Business | Tags: bonus season afoot wall street
With Wall Street pay under scrutiny as never before, Morgan Stanley is attaching a string to its annual bonuses — one that would enable the bank to y[...] read more »
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Warnings saw loan problems at Freddie, Fannie: report

Posted by neophyteblogger 1266 days ago (http://tipd.com)
Category: Business | Tags: fannie mae freddie mac
Documents show that top executives at Fannie Mae and Freddie Mac were warned years ago that the firms were offering mortgages that could pose a long-[...] read more »
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Illinois Threat to Bank of America Is Dangerous, Critics Say

Posted by neophyteblogger 1266 days ago (http://www.bloomberg.com)
Category: Business | Tags: bank of america illinois
Illinois Governor Rod Blagojevich’s threat to halt the state’s dealings with Bank of America Corp. over a shut-down factory in Chicago extends a “dan[...] read more »
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Tribune Bankruptcy ‘Stops Clocks’ for Zell, Eases Debt Burden

Posted by neophyteblogger 1266 days ago (http://www.bloomberg.com)
Category: Business | Tags: sam zell tribune bankruptcy
Tribune Co.’s bankruptcy filing gives billionaire investor Sam Zell a potentially lighter debt load and time to sell assets including the Chicago Cub[...] read more »
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MetLife Gains as Insurer Eases Concern About Capital

Posted by neophyteblogger 1267 days ago (http://www.bloomberg.com)
Category: Business | Tags: metlife gains shareholders
MetLife Inc., the biggest U.S. life insurer, rose as much as 7.3 percent in New York trading after telling investors it has more than enough capital [...] read more »
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White House Says Detroit Bailout Deal "Very Likely" Today

Posted by neophyteblogger 1267 days ago (http://www.washingtonpost.com)
Category: Business | Tags: detroit bailout deal white house
The White House said it was "very likely" to reach agreement today with Congressional Democrats on a package of emergency assistance for the Big Th[...] read more »
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Dow Chemical to Cut 5,000 Jobs, Close 20 Facilities

Posted by neophyteblogger 1267 days ago (http://www.bloomberg.com)
Category: Business | Tags: close 20 facilities dow chemical
Dow Chemical Co., the largest U.S. chemical maker, will eliminate 11 percent of its workforce, close plants and sell businesses as the deteriorating [...] read more »
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Tribune Co. Mulling Bankruptcy

Posted by neophyteblogger 1267 days ago (http://www.businessweek.com)
Category: Business | Tags: bankruptcy tribune co.
The Tribune Co., the media conglomerate bought by real estate mogul Sam Zell in an extremely leveraged deal in December 2007, has hired advisers to a[...] read more »
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Fed Buys $5 Billion of Fannie, Freddie, FHLB Debt

Posted by neophyteblogger 1268 days ago (http://www.bloomberg.com)
Category: Business | Tags: fed buys $5 billion of fannie freddie
The Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mort[...] read more »
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Published reports: Miami Herald for sale

Posted by neophyteblogger 1268 days ago (http://www.bizjournals.com)
Category: Business | Tags: miami herald sale
The Miami Herald may be sold off by parent McClatchy Co., according to numerous published reports. The New York Times first reported the Sacramento, [...] read more »
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