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Shelby favors changing automaker management teams - Quad-Cities TimesWASHINGTON - The top Senate Banking Committee Republican says nothing will turn around the troubled U.S. auto industry until its top management is ousted and the manufacturing model overhauled. Sen. Richard Shelby of Alabama said Wednesday he didn't ...
Retail sales sink as Dems seek auto industry loans - WTOP RadioWASHINGTON (AP) - The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. Confronting ...
Volkswagen lease unit asks for Dutch loan guarantee - ForbesAMSTERDAM, Nov 19 (Reuters) - Dutch car lease group Leaseplan, 50 percent owned by Germany's Volkswagen , said on Wednesday it had applied for 1.5 billion euros ($1.9 billion) of Dutch state loan guarantees to refinance debt. 'With the guarantee we ...
Regional Roundup for 11/19 - Dallas Morning NewsThe city might scale back plans to refinance $164 million worth of Dallas Cowboys stadium bonds after not finding buyers at a reasonable rate. Arlington could have more success if it refinanced $110 million of that through bonds that mature within ...
Sirius XM at 17 cents - look out below - CNN MoneyShares of Sirius XM radio have tumbled to well below $1 a share and some analysts worry that the company may be forced into bankruptcy. NEW YORK (CNNMoney.com) -- "Brother, can you spare a dime?" During the Great Depression, ten cents could buy a ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The freezing of credit markets and complete collapse of consumer spending have exacerbated the troubles for Ford, GM and Chrysler. But there ...
GM to sell remaining Suzuki stake - Financial TimesGeneral Motors is to sell its 3 per cent stake in Japan’s Suzuki Motor for Y22.4bn ($231m), in an effort to shore up its fast-dwindling cash reserve. The carmaker warned this month that it would approach the minimum $11bn to $14bn it needs in cash ...
Treasury Denounced Over Bailout - Gainesville SunWASHINGTON — The Treasury secretary, Henry M. Paulson Jr., on Tuesday rejected pleas to use money from the $700 billion bailout program to help homeowners avoid foreclosure or to stave off bankruptcy by Detroit’s Big Three automakers. Click to ...
Tea Fire Takes Conejo Road Residents by Surprise - Santa Barbara Independentdel.icio.us. Outside San Marcos High School’s Red Cross shelter Friday, sitting with homeowners’ insurance agents under make shift tents, people whose homes burned to the ground Thursday night were grappling with reality. A handful of those who ...
Bhattacharya Sees Buffett Example in Hindalco Rebound (Update2) - BloombergNov. 19 (Bloomberg) -- Hindalco Industries Ltd. Managing Director Debu Bhattacharya said investors should follow Warren Buffett , named America's richest man by Forbes magazine , rather than rebuff stocks, after India's largest aluminum producer lost ...
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.
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