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Friday, October 17, 2008
San Francisco Chronicle, USA -
AP The top federal prosecutor in Los Angeles indicated Thursday that charges are coming soon from a sweeping investigation of banks and subprime lenders for their role in the nation's mortgage crisis. ... -
Oct 16, 2008
Motor Authority -
Late on Friday it was reported that General Motors was in preliminary talks with Chrysler’s parent company Cerberus Capital Management over a possible deal ... -
Friday, October 17, 2008
Austin American-Statesman, TX -
NEW YORK — Merger discussions between General Motors Corp. and Chrysler LLC are accelerating, and GM would like to get a deal done as soon as the end of the month, The Wall Street Journal and CNBC reported. ... -
Thursday, October 16, 2008
Reuters -
DETROIT (Reuters) - Chrysler LLC will not comment on rumors of merger talks between the No. 3 US automaker and General Motors Corp GM. ... -
Friday, October 17, 2008
Houston Chronicle, United States -
DETROIT — Chrysler CEO Bob Nardelli said Thursday that a steep decline in US auto sales has created an environment for industry consolidation, but he would not comment on reports that talks are accelerating for General Motors to acquire his company. Nardelli ... -
Friday, October 17, 2008
MSNBC -
DETROIT - Chrysler’s chief executive is refusing to comment on reports of accelerating merger talks between Chrysler and General Motors. But CEO Bob Nardelli does say that a steep decline in U.S. auto sales has created an environment ... -
Friday, October 17, 2008
MarketWatch -
By MarketWatch The roller-coaster ride in equity markets looked set to continue on Friday, with US stock futures trimming losses but still pointing to a lower opening after a strong push higher at the end of the previous session. See full story. ... -
Friday, October 17, 2008
Forbes, NY -
By DAN STRUMPF 10.17.08, 8:58 AM ET Shares of General Motors Corp. traded heavily premarket on Friday as news reports indicated that talks of a merger between GM and rival Chrysler LLC are accelerating. Shares rose as high as $6.76 ahead of the ... -
Thursday, October 16, 2008
Bizjournals.com, NC -
Mortgage rates shot higher last week, moving at their fastest pace in more than 20 years. Freddie Mac reported Thursday that the average 30-year fixed-rate mortgage has hit 6.46 percent. That’s up from 5.94 percent from last week, representing the largest weekly increase since ... -
Wednesday, October 15, 2008
WLNS, MI -
30-year, fixed-rate mortgage (with the mortgage amount not greater than $550440). There are no prepayment penalties on the new loan. The loan is insured by the FHA. For more details, visit http://www.hud.gov/ . The Hope for Homeowners program ...
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Oct 13, 2008
The Age, Australia -
Money market rates fell across Asia after Japan and Australia pumped $21 billion into the financial system and global leaders pledged to buy stakes in banks , easing a credit crunch that's tipping the world toward recession. Singapore's three-month dollar loan rate dropped ... -
Oct 10, 2008
London Daily News, UK -
Despite billions going into the world banking system stock markets are losing billions with several exchanges closing to avoid more negative trading. City Desk After pumping hundreds of billions ... -
Oct 13, 2008
Business Spectator, Australia -
Positive developments in Australian credit markets following the sudden 100 basis points cut in official interest rates and the federal government guarantee of bank funding augur well for business and individual borrowers, despite the market signals that it will be hard ... -
Oct 8, 2008
Bloomberg -
By Gavin Finch Oct. 8 (Bloomberg) -- European money-market rates climbed to records as banks balked at lending amid speculation more financial institutions ... -
Oct 9, 2008
Sydney Morning Herald, Australia -
The Reserve Bank of Australia (RBA) injected extra cash into the banking system on Friday and provided banks with funding for up to a year, in an effort to ease funding pressures from the global credit squeeze. Amid a further slide in global stock ... -
Oct 12, 2008
The Australian, Australia -
PEOPLE grizzling about the banks not passing on 0.2 percentage points of the Reserve Bank of Australia's 1 per cent rate cut have no clue about the world we are living in. At least monetary policy still works in this country. ... -
Oct 12, 2008
The Age, Australia -
The Reserve Bank of Australia (RBA) injected a huge amount of cash into the banking system, strengthening its effort to ease funding pressures stemming from the global credit crisis. Just a day after the Australian government decided to guarantee the country's entire ... -
Oct 12, 2008
Bloomberg -
By Garfield Reynolds Oct. 13 (Bloomberg) -- Australian funding costs and Asia- Pacific bond risk dropped after Prime Minister Kevin Rudd guaranteed bank ... -
Oct 13, 2008
Bloomberg -
By Gavin Finch Oct. 13 (Bloomberg) -- Money-market rates in London fell after policy makers offered banks unlimited dollar funding and European governments ... -
Oct 13, 2008
The Age, Australia -
Australian shares rallied for a second day, surging 6%, as governments around the world bailed out banks and pumped money into the markets. ...
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