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GERMANY'S FALTERING BANK BAILOUT PROGRAM - Der SpiegelThe German government whipped its €480 billion bank bailout package through parliament in record time, but now the program has run into trouble. The banks are still fighting for survival, the money market isn't functioning properly, and taxpayers ...
RPT-UPDATE 2-Commerzbank state-backed bond opens new asset class - ReutersFRANKFURT, Jan 8 (Reuters) - Commerzbank AG ( CBKG.DE ) became the first German lender to launch a bond backed by state guarantees on Thursday, creating a new asset class and opening the way for other banks to follow suit. Germany's second-biggest ...
GE Capital to Raise $4 Billion Without FDIC Guarantee (Update1) - BloombergJan. 6 (Bloomberg) -- GE Capital Corp. , the lending arm of General Electric Co. , plans to sell $4 billion in bonds without a government guarantee in the first such offering to institutional investors since June, according to a person familiar with ...
News & Features Navigation - Minnesota Public RadioMinnesota Public Radio coverage of the foreclosure crisis. Photo: #Faith Burns has lived in this south Minneapolis home for 13 years, but must move out by May 6 because her mortgage is being foreclosed. Her attorney says she was sold a defective ...
Cash-Strapped General Growth Changed Bankruptcy Counsel To Weil ... - All Headline NewsNew York, NY (AHN) - Investors on Wall Street have lost confidence in debt-laden General Growth Properties, Inc (NYSE: GGP), the second largest shopping mall company in the country, amid declining consumer spending. General Growth has switched ...
P&G Fights for Cash Amid $2 Trillion U.S. Borrowings (Update2) - BloombergJan. 7 (Bloomberg) -- Procter & Gamble Co., the world’s largest consumer products manufacturer, and luxury automaker Daimler AG may pay hundreds of millions more in annual interest this year as they prepare to refinance debt with borrowing costs at ...
Business News Stories - Atlanta Journal ConstitutionWashington —- A federal commission is urging a 50 percent increase in gasoline and diesel fuel taxes ito finance highway construction and repair until the government devises another way for motorists to pay for using public roads... Bank deals ...
Cramer on BloggingStocks: Mnuchin deal for IndyMac is a great sign - Bloggingstocks.comTheStreet.com's Jim Cramer says we need the private sector to get involved. We got out of the 1989-1990 S&L debacle -- which, we often forget, wiped out almost every savings and loan besides Golden West and Washington Mutual (and we know how those ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. See the complete Year-End Review . A Year of Double-Digit Declines: Stock markets around the world, from Shanghai to Caracas, fell in 2008 as ...
The biggest losers (and a few winners, too) - Brisbane TimesIn the pantheon of financial performances, 2008 was an absolute stand-out for all the wrong reasons. Scott Rochfort looks at those companies which had a year to forget and may be forgotten as a result. The year that got off to an unattractive start ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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