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RenCen refinance splits board - Detroit NewsDETROIT -- General Motors Corp. executives outlined a plan Thursday to borrow $250 million from a city pension fund and refinance the Renaissance Center, but pension fund members did not take any action on the request. Several Detroit Police & Fire ...
GM seeks deal for RenCen - Detroit NewsGeneral Motors Corp. wants to borrow about $500 million from one or both of Detroit's pension funds to refinance the Renaissance Center, the automaker's iconic world headquarters, in a move that could pump cash into the financially strapped company's ...
Wall Street Crisis Video Gallery - CNBCClogging Up the Money Marke... The $400 billion Lehman Brothers asset freeze is a major problem as it affects money flow. Ron Ianieri, chief markets st... Earnings: Upside & Downside... A look at companies that might announce quarterly earnings ...
Shelby, DeMint now oppose bailout - Hotair.comIt may be time for the Bush administration to start looking for a Plan B. Two Republican Senators have now come out in opposition to the Paulson bail-out plan, and with Democrats like Chris Dodd allying themselves to the conservative rebellion in ...
Congress pushes back on bailout - CNN MoneySenate Banking Chairman Christopher Dodd (l) and Sen. Charles Schumer speak to reporters about a proposed $700 billion bailout of financial markets. NEW YORK (CNNMoney.com) -- On the day of the first public discussion between lawmakers and the ...
New bailout planned - CNN MoneySen. Majority Leader Harry Reid, House Speaker Nancy Pelosi and other lawmakers spoke after their meeting with Treasury Secretary Paulson. NEW YORK (CNNMoney.com) -- The federal government, in what will be its most far-reaching attempt yet to contain ...
Talk grows of need for U.S. bad debt disposal agency - San Diego Union-TribuneWASHINGTON – Wall Street's turmoil and the Bush administration's erratic response are stirring interest in a potentially more decisive approach – a temporary agency to dispose of the toxic debt instruments poisoning the system. Various models ...
Congress, Bush team agree on some terms of bailout - Dallas Morning NewsWASHINGTON – Congress moved closer Monday to authorizing a $700 billion bailout of banks and other institutions crippled by bad housing investments, but sought to impose limits on executive compensation at rescued companies and wider relief for ...