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GMAC Wants to Become Bank After Getting Access to Fed Program

Posted by Cheapsuits 1307 days ago (http://www.bloomberg.com)
Category: Economy | Tags: bank gmac
GMAC LLC, the money-losing auto finance and home-loan lender, is seeking to become a bank holding company after gaining access to the Federal Reserve[...] read more »
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The Fed as lender of first and only resort

Posted by Cheapsuits 1307 days ago (http://blogs.reuters.com)
Category: Economy | Tags: fed lender
The Federal Reserve has unveiled a dizzying array of new lending and liquidity support facilities over the last six weeks, but the diminishing law of[...] read more »
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Panicked Traders Take VW on a Wild Ride

Posted by Cheapsuits 1307 days ago (http://dealbook.blogs.nytimes.com)
Category: Stocks | Tags: volkswagen vw
The auto industry is struggling, but for a few minutes on Tuesday, Volkswagen became the most valuable company in the world, one with a market value [...] read more »
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White House to Banks: Start Lending Now

Posted by Cheapsuits 1307 days ago (http://dealbook.blogs.nytimes.com)
Category: Economy | Tags: banks lending white house
An impatient White House prodded banks and other financial companies Tuesday to quit hoarding billions of dollars flowing into their vaults from Wash[...] read more »
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Ex-Fed Governor Makes Case For Zero Fed-Funds Rate

Posted by Cheapsuits 1307 days ago (http://blogs.wsj.com)
Category: Economy | Tags: fed funds zero
With the U.S. unemployment rate now expected to climb well above 7%, former Federal Reserve governor Laurence Meyer projects that Fed policymakers ma[...] read more »
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Google New York hit by cost cuts

Posted by Cheapsuits 1307 days ago (http://valleywag.com)
Category: Economy | Tags: cost cuts goog google
Google's offices in Manhattan's Chelsea neighborhood are the latest to feel the pinch, with hours curtailed and snack service cut back, according t[...] read more »
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Microsoft says next Windows won't be as annoying

Posted by Cheapsuits 1307 days ago (http://www.boston.com)
Category: Tech | Tags: microsoft msft windows
The next version of Microsoft Windows, the software that defines the computing experience for most people, will nag users much less than its much-mal[...] read more »
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Why Should Seniors Get the Discounts?

Posted by Cheapsuits 1307 days ago (http://www.washingtonpost.com)
Category: Personal Finance | Tags: discounts senior
Is it right for restaurants, movie theaters and hotels to offer discounts to all senior citizens, regardless of their means? I'm a thirtysomething w[...] read more »
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Chrysler offers up to $75,000 in buyouts

Posted by Cheapsuits 1307 days ago (http://www.reuters.com)
Category: Economy | Tags: buyout chrysler
Chrysler LLC is offering white-collar workers up to $75,000 cash and vehicle vouchers valued as much as $25,000 to leave the company within weeks und[...] read more »
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Which Banks Won’t Make Henry Paulson’s Cut?

Posted by Cheapsuits 1307 days ago (http://dealbook.blogs.nytimes.com)
Category: Economy | Tags: banks cuts paulson
When it comes to the nation’s small banks these days, no news may be bad news. read more »
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Waxman Asks 9 Big Banks to Justify Billions in Pay

Posted by Cheapsuits 1307 days ago (http://dealbook.blogs.nytimes.com)
Category: Economy | Tags: banks pay waxman
Representative Henry A. Waxman, who is leading a House investigation of the financial crisis, asked nine big banking companies on Tuesday to explain [...] read more »
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World will struggle to meet oil demand

Posted by Cheapsuits 1307 days ago (http://www.ft.com)
Category: Commodities | Tags: oil supply
Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows. read more »
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Tahoe, Yukon and Escalade not being replaced

Posted by Cheapsuits 1307 days ago (http://www.autoblog.com)
Category: Stocks | Tags: discontinued escalade gm tahoe yukon
The full-size SUV's future is on shaky legs and now, reports have surfaced that General Motors has killed the next generation Tahoe and Yukon 'utes[...] read more »
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VW passes Exxon as world's largest company

Posted by Cheapsuits 1308 days ago (http://www.marketwatch.com)
Category: Stocks | Tags: exxon volkswagen vw xom
Volkswagen's massive stock price surge has briefly let Europe's top automaker stake the claim as the world's largest company by market capitalizat[...] read more »
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More Car Dealers Shut Down

Posted by Cheapsuits 1308 days ago (http://online.wsj.com)
Category: Economy | Tags: car dealers
With credit drying up and new-vehicle sales slumping to a 25-year low, car dealerships from New Jersey to California are going out of business at an [...] read more »
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