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GM, Ford CEOs will take $1 salary for loans - Detroit Free PressThe chief executive officers of General Motors Corp. and Ford Motor Co. are expected to tell Congress today that they will reduce their salaries to $1 a year if their companies receive the federal aid they are seeking from Congress. Ford announced ...
Chrysler to Follow GM: CEO Won't Take Corporate Jet to Washington - FOX NewsFILE: A Gulfstream luxury jet sits on an airport tarmac. FILE: A Gulfstream luxury jet sits on an airport tarmac. DETROIT — Chrysler LLC says Chief Executive Robert Nardelli will not fly on a corporate jet when he returns to Washington next week ...
Mortgage rate drop spurs rush to lenders for refinancing - Detroit Free PressA sharp plunge in U.S. mortgage rates prompted a rush to refinance, resulting in record-setting business Tuesday at Livonia-based Quicken Loans and big days for other lenders. Following government efforts to unfreeze consumer credit, U.S. mortgage ...
Automakers to submit plans to Congress (7:21 a.m.) - RecordWASHINGTON (AP) — Detroit’s automakers, making a second bid for $25 billion in funding, are presenting Congress with plans today to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...
Centro tight-lipped in debt negotiations - ninemsnCentro Properties Group walked a tightrope between its securityholders and bankers on Friday, refusing to disclose information that may give away its negotiating tactics aimed at securing a 12-month extension to refinance its debt. Chairman Paul ...
Automakers to submit plans to Congress - Courier-PostGeneral 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 ...
Did PartyGaming Head Own Plane Used in Suitcase Scandal? - Gambling 911The "Suitcase Scandal" or maletinazo (derived from the word maletín, which in Spanish means "suitecase") began when Guido Alejandro Antonini Wilson, a Venezuelan-US entrepreneur, arrived in Argentina on a private flight hired by Argentine and ...
Big Three automakers to submit plans to Congress - WTOP RadioWASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...
Big 3 Automakers Face Bailout Deadline - News 4Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp ...
US car firms make new funds plea - Al JazeeraThe US's largest vehicle manufacturers have returned to Congress to plead for more funds in a bid to avert the collapse of their industry. Chief executives from Chrysler, Ford and General Motors are providing US politicians with proposals to ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms