DENVER – (AP) Questions about the future of the Rocky Mountain News had become so common, the newspaper’s staff put up a handwritten paper sign on the news desk that said, “We don’t know.” On Thursday,
Tagged future, had-become, newspaper, paper-sign, questions, rocky-mountain, sign-on-the, thursdayWASHINGTON – (AP) Fannie Mae said Thursday it needs $15.2 billion in government aid though that figure is expected to grow because it lost nearly $59 billion last year as the foreclosure crisis mushroomed. The Washington-based mortgage fin
Tagged 15-2-billion, because-it-lost, billion-last, crisis-mushroomed-, fannie, government-aid, grow-because, lost-nearly, mortgage-fin, the-foreclosure, thursday, thursday-it-needs, year-as-theWASHINGTON – (AP) Against a backdrop of record-low new home sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program next week.
Tagged against, and-ballooning, billion-foreclosure, font, housing-secretary, launch-the-obama, lending, obama, record-low-new, shaun, shaun-donovan, thursday, told-lawmakersMILAN, Italy – (AP) The IT Holding company, which owns the Gianfranco Ferre fashion house, sought bankruptcy protection from its creditors Thursday.
Tagged gianfranco, holding, into-bankruptcy-, its-creditors, milan, move-comes, sought-bankruptcy, the-holding, weeks-after, which-ownsWASHINGTON – (AP) A dispute among House Democrats stalled legislation Thursday to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners.
Tagged dispute-among, house, mortgages-for, obama, principal, rate-on-mortgages, stalled-legislation, the-principal, thursdayCHARLOTTE, N.C. – (AP) Beleaguered insurer American International Group Inc. could be split into at least three separate government-controlled divisions in an effort to save the business, according to a report on Thursday by the Financial Times. Earlier this week,
Tagged beleaguered, business, financial, financial-times-, group, group-inc-, into-at-least, least-three, report-on-thursday, save-the, save-the-business, split-into, thursday, weekWASHINGTON – (AP) Debt-strapped homeowners facing foreclosure could resort to bankruptcy to force reductions in their monthly mortgage payments under a measure awaiting a House vote. The bill set for a vote Thursday would let bankruptcy judge
Tagged a-measure-awaiting, bankruptcy-judge, bill-set, debt-strapped, force-reductions, homeowners-facing, house, measure-awaiting, monthly, monthly-mortgage, mortgage-payments, thursdayDETROIT – (AP) General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto sales climate since 1982 and sought government loans to keep the century-old company running.
Tagged 1982-and, 6-2-billion, 9-6-billion, century, corp-, general, general-motors, keep-the, keep-the-century, last, loss-and, sought-government, the-last, three-monthsNEW YORK – (AP) Citigroup Inc.’s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 percent, a person familiar with the talks said. Citigroup already has received $45 billion in U.S.
Tagged a-person-familiar, already-has, boost-its, citigroup, citigroup-inc-, federal, government-raising, new, talks-said, the-federal, week, with-the, yorkLONDON – (AP) The Royal Bank of Scotland posted an annual loss of 24.14 billion pounds ($34.4 billion) the biggest in British corporate history and unveiled a massive restructuring Thursday that will offload many of its international businesses. The already part-nationalized
Tagged a-massive-restructurin, already-part-nationalized, british, corporate-history, its-international, massive-restructuring, royal-bank, scotland, the-biggest, thursday