Reports: Chrysler, GM discuss merger, acquisition
Published reports say General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM. The Wall Street Journal, citing people it described as familiar with the discussions, says Cerberus Capital Management,…
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Reports: Chrysler, GM discuss merger, acquisition
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US to buy stake in banks; first since Depression
The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the…
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Active Napa County brush fire consumes 200 acres
A rapidly spreading brush fire in Napa County on Friday was threatening a number of homes and had led to mandatory evacuations, state fire officials said. The fire had consumed 200 acres and had destroyed at least two structures east of St. Helena, said…
Active Napa County brush fire consumes 200 acres
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Oil prices fall to less than $80 per barrel
The price of oil tumbled more than 10 percent Friday to its lowest level in more than a year, as traders feared that the global economic crisis will kill demand for crude. Oil sold on the New York Mercantile Exchange dropped $8.89 to close at $77.70 per…
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Sabres spoil Canadiens’ start to 100th season
Ales Kotalik scored the only shootout goal the Sabres needed on Friday night, lifting Buffalo to a 2-1 win and spoiling the Montreal Canadiens’ start to their 100th season. Drew Stafford also scored in the shootout, while Thomas Vanek scored the lone goal in…
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More charges in alleged SD foreclosure rescue scam
Five people accused of victimizing hundreds of San Diego County homeowners in a home foreclosure rescue scam have been arraigned on 71 new charges. Prosecutors say the head of the company, William Hutchings, his wife and three other defendants now face a…
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General Motors, Chrysler in merger talks: NY Times
WASHINGTON (Reuters) - General Motors is in preliminary talks about a possible merger with fellow U.S. automaker Chrysler, The New York Times reported late on Friday.
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Paulson acts with G-7 to stem economic emergency
Treasury Secretary Henry Paulson, acting with finance ministers from the Group of Seven industrialized nations, Friday said the government will buy direct stakes in banks to stem a global financial collapse, as it became clear that his original $700 billion…
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FCC sides with NFL Network in dispute with Comcast
The Federal Communications Commission has sided with the National Football League in a long-running programming dispute with Comcast Corp., ruling that Comcast should carry the league’s NFL Network on its popular digital cable package. In a decision released…
Credit:FCC sides with NFL Network in dispute with Comcast
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Two small banks fail; brings 2008 tally to 15
WASHINGTON (Reuters) - U.S. regulators took over two small banks on Friday, in Michigan and Illinois, bringing the tally of bank failures to 15 so far this year.
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Paulson says U.S. planning to buy financial equity
WASHINGTON (Reuters) - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday.
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S&P questions whether California can borrow $4B
A credit rating agency on Friday questioned whether California will be able to raise $4 billion by selling bonds, just days before state officials planned to start offering them for sale on the market. Standard & Poor’s Ratings Services placed California’s…
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S&P questions whether California can borrow $4B
A credit rating agency on Friday questioned whether California will be able to raise $4 billion by selling bonds, just days before state officials planned to start offering them for sale on the market. Standard & Poor’s Ratings Services placed California’s…
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S&P questions whether California can borrow $4B
A credit rating agency on Friday questioned whether California will be able to raise $4 billion by selling bonds, just days before state officials planned to start offering them for sale on the market. Standard & Poor’s Ratings Services placed California’s…
Excerpt from:S&P questions whether California can borrow $4B
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S&P questions whether California can borrow $4B
A credit rating agency on Friday questioned whether California will be able to raise $4 billion by selling bonds, just days before state officials planned to start offering them for sale on the market. Standard & Poor’s Ratings Services placed California’s…
Read the rest here: S&P questions whether California can borrow $4B
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