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GM exec.: bankruptcy not an option for industry - Post-Crescent
WASHINGTON - A top executive of General Motors Corp. said Wednesday bankruptcy isn't a viable option, as the United Auto Workers braced for a decision on contract concessions to the endangered Big Three. Fritz Henderson, president and chief operating ...

GM asks for US$12b, Ford says it can go it alone - Auto sales fall in ... - Jamaica Gleaner
General Motors Corp said Tuesday it needs US$12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the United States (US) economy." Ford Motor ...

Brutal retail downturn rains on Macy's holiday parade - Pantagraph
When Macy’s Inc. paid $11.5 billion to acquire rival May Co. in 2005, investors asked whether consolidation could save the department store, or just prolong its decline. So far it looks more like the latter. The company lost $30 million in the ...

Lawmakers Hedge Their Bets on Auto Bailout - FOX News
American lawmakers were still divided Tuesday over a plan to bail out the auto industry as Detroit's Big Three carmakers submitted their recovery plans to congressional leaders. The plans from General Motors Corp., Ford and Chrysler were meant to ...

Brookfield, Telus, Mercator, Nexen, Opti: Canada Equity Movers - Bloomberg
Nov. 27 (Bloomberg) -- The following companies had unusual price changes in Canadian trading . Stock symbols are in parentheses, and share prices are as of 4:10 p.m. in Toronto. The Standard & Poor’s/TSX Composite Index rose 1.3 percent to 8,753.77 ...

GM paints dire picture as Big Three retool bailout proposals - Green Bay Press-Gazette
WASHINGTON — Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a huge bailout Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. GM said ...

Daily Report - Baton Rouge Business Report
Future System Advisors has been awarded the first patent for a form of life insurance, a move that could generate billions of dollars in royalty payments for the company. "This is having a much bigger effect than I ever thought it would have," Future ...

Big Three automakers pledge to slash and burn for federal lifeline - Fort Worth Star-Telegram
Wagoner WASHINGTON — Humbled and fighting for survival, Detroit’s once-mighty automakers appealed to Congress with a retooled case for a huge bailout Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline ...

Automakers Make Their Bailout Pitches - CBS News
(CBS/AP) General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the U.S. economy." GM said it would ...

Autos Seek Combined $28B To Stay Afloat - CBS 4 South Florida
DEARBORN, Mich. (AP) ― General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the U.S. economy." GM ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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