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GM, Ford, Chrysler plans to Congress at a glance - PR InsideThe Detroit Three automakers, making a second bid for federal loans, presented Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp., Ford and ...
Big Three automakers to submit plans to Congress - Lincoln Daily NewsGeneral Motors Corp., Ford Motor Co., and Chrysler LLC would refinance their companies' debt, cut executive pay, seek concessions from workers and find other ways of reviving their staggering companies. U.S. automakers are struggling to stay afloat ...
Meltdown 101: Why no direct bailout to consumers? - Lincoln Daily News[ November 26, 2008 ] N EW DELHI (AP) -- Amid populist discontent about financial bailouts targeting Wall Street and banks, government relief programs announced Tuesday also appear at first glance to take a trickle-down approach, with the financial ...
GM exec.: bankruptcy not an option for industry - Post-CrescentWASHINGTON - 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 ...
Water Tower Place - Chicago TribuneYou can't walk five steps in Chicagoland without bumping into a holiday model train display this year. Morton Arboretum has one. So does Chicago Botanic Garden. And the John Hancock Center. And the Lincoln Park Conservatory. And the Museum of ...
Debt-hit Dublin pubs seek bankruptcy protection - WTOP RadioDUBLIN, Ireland (AP) - Dublin 's premier pub-running company won bankruptcy protection Friday in a surprising sign that Ireland 's credit crunch is pushing even the most liquid of businesses to the breaking point. High Court Justice Brian McGovern ...
Automakers plead case to Congress - Daily JournalWASHINGTON -- 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 ...
Big Three automakers pledge to slash and burn for federal lifeline - Fort Worth Star-TelegramWagoner 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 ...
Ford tells Congress it may be able to go it alone - Motley FoolFord Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough money to make ...
Ford Motor Company Submits Business Plan to Congress; Profit Target ... - MSN MoneyCentral- Based on current business planning assumptions, Ford expects both its overall and its North American Automotive business pre-tax results to be breakeven or profitable in 2011 - Ford provided initial details of an accelerated vehicle electrification ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms