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  • Brushes with doom Monday, October 13, 2008 @ 11:04PMstory BY JASON WHITED Ed Dominguez sighs, grabs a rag for the paste of sweat and plaster chips on his face and melts into a nearby divan.
  • Sovereign Bancorp, Inc. Pre-Announces Third Quarter 2008 Results Monday, October 13, 2008 @ 10:51PM Sovereign Bancorp, Inc. , parent company of Sovereign Bank , today pre-announced its financial results for the third quarter of 2008.
  • GMAC Tightens Standards for Financing Autos, Dealers (Update1) Monday, October 13, 2008 @ 9:51PMOct. 13 (Bloomberg) -- GMAC LLC , the consumer finance arm of General Motors Corp., will limit auto loans to customers with credit scores of at least 700, making it harder for some customers to buy a car or truck.
  • Pakistan may extend stock curbs on market slide fears Monday, October 13, 2008 @ 9:51PMKARACHI: Pakistan will probably extend price curbs on stocks for the second time in a month to prevent the equity market resuming its biggest slide in a decade.
  • Buyout bosses gathering in Dubai as crisis continues Monday, October 13, 2008 @ 9:50PMDUBAI: Private equity executives from the US and across the Middle East descend on Dubai this week to seek out investment partners and deals during one of the most tumultuous periods in the industry’s history.
  • Seenews: news report of 13.10.2008 Monday, October 13, 2008 @ 9:34PMUpdated news from Balkan Europe powered by www.seenews.com Monday 13 October 2008, by Emanuele G. - 0 letture Greece’s Alapis Renames CEEurope Units Under New Brand Oct 13, 2008, 16:28 CET | Story | SeeNews SOFIA (Bulgaria), October 13 (SeeNews) - Greek pharmaceutical group Alapis, former Veterin, said on Monday it will rename some of its central and southeast European subsidiaries under its ...
  • Britain and EU buying into banks to save them Monday, October 13, 2008 @ 9:32PMPARIS - British and European leaders took unprecedented steps here late Sunday to try to halt a galloping financial crisis in its tracks, announcing aggressive action to take big stakes in banks and guarantee lending between banks.
  • Europe stumps up $2 trillion for banks Monday, October 13, 2008 @ 9:24PMGERMANY and France put up mountains of cash overnight as they led a European offensive to rebuild trust in banks.
  • GDF, Philips, Sika, Swedbank, Unilever: European Equity Preview Monday, October 13, 2008 @ 5:25AMOct. 13 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.
  • Economy takes a big toll on personal credit cards Monday, October 13, 2008 @ 5:24AMA new type of client has been visiting the credit counselors at ClearPoint Financial Solutions in Seattle and Portland in recent months: people who never had credit problems before and aren’t accustomed to tightening their belts.
  • Euro Rises Most in 3 Weeks as European Leaders Guarantee Banks Monday, October 13, 2008 @ 5:14AMOct. 13 (Bloomberg) -- The euro rose the most in three weeks against the dollar after European leaders agreed to guarantee bank borrowing and prevent failures that would disrupt credit markets.
  • European nations set to buy into banks Monday, October 13, 2008 @ 5:09AMThe plan is a "tool kit" that each country can decide how best to use.
  • Bush, allies pledge joint action on global crisis Saturday, October 11, 2008 @ 8:39PM(AP:WASHINGTON) President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
  • Media reports: Chrysler, GM discuss merger, acquisition Saturday, October 11, 2008 @ 8:08PMGeneral Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports Saturday.
  • Bush, allies pledge joint action on global crisis Saturday, October 11, 2008 @ 6:44PMWASHINGTON — President Bush and foreign financial officials displayed joint resolve today to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
  • Fed slashes interest rates, but stocks lose again Thursday, October 9, 2008 @ 4:05AM(AP:WASHINGTON) Wall Street bounced higher and lower Wednesday trying to make up its mind about an unprecedented coordinated interest rate cut by central banks around the world. In the end it settled on a familiar feeling _ fear _ and plunged again.
  • Interest rate cuts felt across globe Thursday, October 9, 2008 @ 4:05AMWASHINGTON - In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown.
  • Un-Bear-Able: Fed Slashes Interest Rates, But Stocks Keep Sinking Thursday, October 9, 2008 @ 4:04AMThe Dow lost another 189 points, or 2 percent, to close at 9,258.
  • FILVETS BILL UNLIKELY TO PASS THIS YEAR Thursday, October 9, 2008 @ 3:48AMCHICAGO – “Next year again.” This tired slogan of the dying veterans living in the Philippines will again be creeping back to their senses as the benefits that were dangled before their very eyes by the U.S. Senate last April are slowly slipping away.
  • Down market hits 1-year mark with no clear bottom Thursday, October 9, 2008 @ 3:47AMThe bear market that is ravaging investor portfolios is now one of the worst in modern U.S. history and has wiped out more than $7 trillion in shareholder value, with no bottom clearly in sight.
  • Bankers: No crisis in Valley Thursday, October 9, 2008 @ 3:21AMPanic is gripping financial markets around the globe, but a select group of Rhode Island bankers say with nearly one voice that it is “business as usual” at their institutions.
  • Shoring up confidence among investors Sunday, October 5, 2008 @ 7:52PMReforms will be carried out with a human face, says Prime Minister
  • Bond prices buoyant even as liquidity remains tight Sunday, October 5, 2008 @ 7:51PMBangalore, Oct. 5 Bond prices remained buoyant powered by receding global oil prices and banks’ demand for maintaining the statutory reserve ratios.
  • End of an Era on Wall Street: Goodbye to All That Saturday, October 4, 2008 @ 8:18PMHistorians, economists and pundits are busily debating the ways in which Wall Street?s demise will filter into the popular culture.
  • Financial Markets Come Full Circle Saturday, October 4, 2008 @ 8:17PMTo call the last few weeks “eventful” will be the understatement of the century!
  • Reality check for banks Saturday, October 4, 2008 @ 7:06PMThe average P/E of the banking sector dropped from 27 to13 in nine months. At one end, there are PSUs with low PEs, whereas private banks trade at above 20. It’s time for convergence.
  • Local experts educate public about economic crisis Saturday, October 4, 2008 @ 6:44PMWall Street cries “beware,” while Wisconsin bankers urge be aware.
  • Europe Stocks Drop for a 3rd Week on Economy Concern; BMW Falls Saturday, October 4, 2008 @ 6:22PMOct. 4 (Bloomberg) -- European stocks fell for a third week as record short-term borrowing costs and shrinking orders to U.S. factories deepened concern that a seizure in credit markets is pushing the global economy closer to a recession.
  • Bridgeport: A light in foreclosure storm Saturday, October 4, 2008 @ 6:21PMMore and more families foundering in a sea of foreclosures are finding safe haven in Bridgeport."A woman called me from Haddam," said Rev. Marjorie Nunes, senior pastor at Summerfield United
  • Rhetoric only Saturday, October 4, 2008 @ 6:19PMApart from that rhetorical intervention, there has been little else by way of action to protect the economy from even the most indirect effects of the global credit crisis.
  • Faith in Brief: 10/04/2008 Saturday, October 4, 2008 @ 1:38PMHaitian pastor to speak Thursday; Swiss steak on dinner menu; Best-seller is topic of conference; Habitat holds information session; Shawl ministry seeks knitters; Bethany Christian gala fundraiser; Noted author to address pastors; Entries sought for poetry contest; Gospel sing at Grawn UM church; Groups combine for memorial concert; Kalkaska church holds steak dinner; Turn old jewelry into ...
  • A depression is unlikely, experts say Saturday, October 4, 2008 @ 11:37AMThe world faces an uncertain economic future in the wake of what is being labelled the biggest financial and economic crisis since the 1929 Wall Street crash, which sparked an international economic depression.
  • U.S. stocks seek credit market, economic relief Saturday, October 4, 2008 @ 11:15AMU.S. stocks seek credit market, economic relief
  • Give thrifty Germans credit for grumbling over bailouts Saturday, October 4, 2008 @ 9:18AMGermans tend to be the straight-laced, play-it-safe types in financial matters. That has left them particularly frustrated at footing the bill for bank bailouts and fretting over their accounts because of a global financial crisis that seems to emanate from the spendthrift ways of others and the unfathomable risks taken by Wall Street bankers.
  • Xayvong loves his job, city, life, family Saturday, October 4, 2008 @ 9:15AMMANITOWOC Talk with the new manager of UnitedOne Credit Unions Menasha Avenue branch and a lot of love spills out.
  • Assessors strive for fairness Saturday, October 4, 2008 @ 9:07AMBefore two county assessors explained their jobs to a group of Natrona County legislators on Thursday, they posted two somewhat inconvenient phrases highlighting the difficulties they and property taxpayers face:
  • How a key rate in London affects world Wednesday, October 1, 2008 @ 7:26AMA key interest rate set in London every business day is having a dramatic effect on the U.S. and global economies and could affect everything from adjustable home-loan rates to student loans if it keeps rising.
  • Auto dealers find loans are harder to get Wednesday, October 1, 2008 @ 7:20AMThe worsening credit crunch has automobile dealers scrambling to find loans for their customers, and some banks that offer auto credit are basing loan decisions on the size of the vehicle and its fuel economy, dealers say.
  • Mortgages may get tougher in city Wednesday, October 1, 2008 @ 6:44AMA 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.
  • Q3 stock report: What Colorado experts are saying Wednesday, October 1, 2008 @ 6:19AMThe third quarter is over, and the financial world looks dramatically different. There undoubtedly will be more drama to come in the final three months of 2008.
  • Stocks Set to Rebound after Meltdown - BusinessWeek Tuesday, September 30, 2008 @ 1:28PM
  • Bush battles to save bailout after Congress says no Tuesday, September 30, 2008 @ 12:59PMPresident George W. Bush was on Tuesday battling to save his 700-billion-dollar bailout of the US financial system after the House of Representatives rejected the plan, sending global stocks into a tailspin.
  • Bush battles to save bailout after Congress says no Tuesday, September 30, 2008 @ 12:42PMWASHINGTON (AFP) - President George W. Bush battled Tuesday to save his 700-billion-dollar bailout of the US financial system after the House of Representatives rejected the plan, sending global stocks into a tailspin.
  • New Yorker: Bailout engrossing, dumbfounding Monday, September 29, 2008 @ 12:34PM The wrangling over the Wall Street rescue package features political theatre as well as a potentially disastrous exercise in crisis management.
  • House prices fall locally, sales struggle Monday, September 29, 2008 @ 12:11PM Real estate experts said last week that home prices fell in August to four-year lows in every Florida market.
  • Congress pressing ahead on rescue Saturday, September 27, 2008 @ 1:05PM Negotiators from Capitol Hill and the Bush administration - after working well past midnight - are set to resume talks Saturday over a proposed $700 billion bailout of the financial system.
  • Leasing a solar-power system Saturday, September 27, 2008 @ 1:03PMPOWAY – Tony Tait is no stranger to solar power. In 2001, he added a pair of 50-watt solar panels atop his motor home. But a rooftop solar system for his house in Poway?
  • Vt. spared worst of credit crisis Saturday, September 27, 2008 @ 12:18PMSaturday, September 27 BENNINGTON — As the country looks anxiously to Washington for news of a Wall Street bailout, a local official said that despite freezing credit markets, small businesses can continue to grow. Meanwhile, area residents are struggling to stay afloat financially and more are being foreclosed on, with gas prices and home heating fuels more expensive than ever and
  • Wachovia, Looking for Help, Turns to Citigroup Saturday, September 27, 2008 @ 11:05AMWeighed down by mortgage loans, the fourth-largest bank by assets in the U.S. entered into preliminary talks.
  • Wells Fargo offers aid Saturday, September 27, 2008 @ 10:59AMWells Fargo is offering special assistance to qualified customers affected by Hurricane Ike for communities in 28 Texas counties, including Angelina, Austin, Brazoria, Chambers, Cherokee, Fort Bend, Galveston, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, Matagorda, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Trinity, Tyler, Walker, ...