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GM looking to refinance Detroit headquarters - Windsor Star
DETROIT -- General Motors is looking for support from Detroit city pension officials to refinance its Detroit headquarters and could possibly sell it, but has no plans to move from the iconic building. GM is meeting with Detroit's police and fire ...

Freefalling stocks pile pressure on G7 - Windsor Star
LONDON - The world's economic powers faced huge pressure on Friday to devise drastic remedies to revive the banking system and end panic selling in financial markets. Finance ministers and central bankers from the Group of Seven nations meet in ...

U.S. Foreclosures Hit Record in August as Housing Prices Fell - Bloomberg
Sept. 12 (Bloomberg) -- U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, RealtyTrac Inc. said. Owners of 303,879 properties, or one in 416 U.S. households ...

Allen-Vanguard stock dives after failed financing - Windsor Star
OTTAWA - Allen-Vanguard Corp. shares plunged Tuesday as investors worried the Canadian security-equipment company won't survive a growing credit crisis. The stock, which traded as high as $11.59 a year ago, fell as low as 37 cents after the maker of ...

GM could sell its Detroit HQ to raise cash - MSNBC
DETROIT - General Motors Corp. says it is looking to take out a mortgage on its towering headquarters complex as it continues efforts to raise cash to operate in an era of tight credit. The automaker's top real estate executive said Tuesday that GM ...

U.S. credit crunch hits home - Windsor Star
A tightening of mortgage rules and higher interest rates, sparked by the U.S. credit crisis, may cost some Windsorites their homes and limit credit to only the best clients, say agents for two local mortgage companies. With many large U.S. lenders ...

Company Bond Sales Fall in Europe on Lehman Concerns (Update1) - Bloomberg
Sept. 12 (Bloomberg) -- Corporate bond sales in Europe fell for the second week on investor concern that record losses at Lehman Brothers Holdings Inc. indicate the global credit crisis is deepening. Sales totaled 13.5 billion euros ($19 billion ...

FTSE dives in second day of carnage - Times Online
The FTSE 100 index of leading shares today dropped below 5,000 for the first time in three years in a second day of panic selling. As the fallout from the collapse of Lehman Brothers and the troubles faced by US insurance giant, AIG, continued to ...

Lehman Brothers: FTSE heads to 5,000 as banks scramble for funds - Times Online
The FTSE 100 fell further towards the 5,000 mark today after the Bank of England pumped an additional £20 billion in funds into the UK financial market to calm fears sparked by Lehman Brothers' collapse and the future of AIG, the US insurance giant ...

US foreclosures hit another record - Turkish Daily News
U.S. foreclosure filings rose to a record in August as falling home prices made it harder to sell or refinance homes to pay off the mortgage, RealtyTrac said. Owners of 303,879 properties, or one in 416 U.S. households, got a default notice, were ...

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