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- As Congress worked Thursday to forge a $700 billion bailout of the U.S. financial system, the major stock indexes rose sharply. But interest rates on short-term loans stayed high, meaning that nationally, credit remained tight. The bailout is ...
- Or is it digging? Or ninging? Zyng-ing? A rundown of some Web 2.0 startups getting a lot of buzz, if not necessarily a lot of revenues. (Fortune Magazine) -- Last winter, when Google lost a third of its market value, analysts blamed a small web ...
- An unprecedented White House emergency meeting broke up on Thursday night after failing to reach full agreement on the Bush administration’s financial rescue package after another day of intense stress on the money markets. In an outbreak of ...
- TORONTO and WASHINGTON -- For 22 years, Doris McMillon has relied on hard work to build her small consulting business in a Washington, D.C., suburb. Now, with the economy slowing and banks tightening access to credit, she's relying on prayer. "I pray ...
- WASHINGTON -- Loans for automakers and parts suppliers from a $25-billion pool expected to pass Congress this week might not reach the industry for six to 18 months, the U.S. Department of Energy said Thursday. That timing goes against the wishes of ...
- Those adamantly against the $700 billion bailout because they believe taxpayers will assume the risk and losses occasioned by mismanagement of financial institutions need to consider that taxpayers are also the stockholders in those institutions who ...
- WASHINGTON – Loans for automakers and parts suppliers from a $25 billion pool expected to pass Congress this week might not reach the industry for six to 18 months, the U.S. Department of Energy said Thursday. Such timing goes against the wishes of ...
- WASHINGTON (Reuters) - A mammoth spending bill to keep the U.S. government running through March will include a $25 billion loan guarantee package for the struggling auto industry, House Appropriations Chairman David Obey said Tuesday. The must-pass ...
- David Gaffney said he used to see in debt-laden clients a thirst for life. Photograph: Christopher Thomond The first thing you have to ask a man who has based his novel on his experience as a debt adviser is obvious: "How good are you with money ...
- Tuesday, September 23, 2008 A: When the Treasury Department said Friday that it would insure money market funds for one year, it excluded tax-exempt funds because that might have jeopardized their tax-exempt status. But Sunday night, the Treasury ...
- WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke told Congress Tuesday the government should pay more than "fire-sale" prices for the toxic assets it would acquire under a proposed $700 billion bailout plan. That could mean both higher initial ...
- Federal and state regulators have ordered a community bank in Villa Rica to improve its management and lending practices. Community Bank of West Georgia, founded in 2003, has been hard hit by the real estate downturn, reporting $2.2 million in losses ...
- Estimates of how much money a government program will cost are notoriously unreliable. Estimates of the cost of the current bailout in the financial markets run into the hundreds of billions of dollars, and some say it may reach or exceed a trillion ...
- OMAHA, Neb. (AP) - Warren Buffett's Berkshire Hathaway Inc. said Tuesday it is investing at least $5 billion in Goldman Sachs Group Inc. in a deal that will likely boost confidence in the venerable investment bank. Goldman is also raising at least $2 ...
- Have your Say Add your comments or read what others are saying Read this article online at: http://news.com.au//dailytelegraph/money/story/0,26860,24382802-5017232,00.html Email article Printer friendly Text size + - Share Add to Digg Add to del.icio ...
- Featured comment "the senator is hard at work to find a bipartisan solution to this financial crisis" Bipartisan or not, throwing money at the problem does not constitute a solution.
- Don't worry they'll bail them out." Those words are jumping off my tongue a couple times a day now when my clients call and ask if I think their auto insurance policy with AIG (nyse: AIG - news - people ) or their money market fund ...
- WASHINGTON (AP) -- Home prices in July fell 5.3% compared with a year ago, a government agency said Tuesday, and have now receded to October 2005 levels. The home price index was down 0.6% from June on a seasonally adjusted basis, according to the ...
- WASHINGTON (Reuters) - Congress is considering whether to provide more than $20 billion in emergency aid to states hard hit by hurricanes and other recent natural disasters, congressional aides said on Tuesday. The money would help pay for cleanup ...
- WASHINGTON (AP) - The biggest government bailout in history may eventually win congressional approval but not easily, not without changes and not before lawmakers are finished venting what they call the frustrations of ordinary Americans over Wall ...
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