Category — Uncategorized
Four senators reach bipartisan auto aid deal
WASHINGTON (Reuters) - Four senators have reached a bipartisan agreement on a bill to assist the struggling automotive industry, the lawmakers announced in a joint statement on Thursday.
November 20, 2008 No Comments
UAW: Get a deal done
The United Auto Workers union called on Congress and the Bush administration to get a loan to U.S. automakers to prevent their collapse before the legislature adjourns Friday.
November 20, 2008 No Comments
Obama eyes Arizona governor for Homeland Security
WASHINGTON (Reuters) - President-elect Barack Obama is considering Arizona Gov. Janet Napolitano to be U.S. Homeland Security secretary, heading a sprawling agency formed to bolster civil defense in the wake of the September 11 attacks, a senior Democrat said.
November 20, 2008 No Comments
Stocks churn in volatile trade
Wall Street seesawed Thursday afternoon, as investors eyed stocks at 5-1/2 year lows and reports that lawmakers may have reached a compromise to bail out ailing automakers.
November 20, 2008 No Comments
US senators ‘agree’ car bail-out
Four US senators reach a bipartisan agreement on a deal to help the struggling US car industry.
November 20, 2008 No Comments
Kick GM out of the Dow…now!
General Motors has a market capitalization of just $2.1 billion. The stock, which now trades for a little more than $3.50 a share, hit a 70-year low on Thursday.
November 20, 2008 No Comments
Jobs data miserable, regional factories slump
NEW YORK (Reuters) - The number of American workers on the unemployment rolls surged to the highest in a quarter century and a regional manufacturing gauge slumped as U.S. economic misery intensified.
November 20, 2008 No Comments
Financial crisis could have happy ending
I was thinking about the financial mess the other day and I came up with this theory. I'm wary of it because it's comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes:
November 20, 2008 No Comments
U.S. judge orders five Algerians at Guantanamo freed
WASHINGTON (Reuters) - Five of six Algerians must be released after nearly seven years of captivity at the U.S. military prison at Guantanamo Bay in Cuba, a federal judge ruled on Thursday in a setback for the Bush administration.
November 20, 2008 No Comments
Lawmakers fault Treasury, Fed on bailout
WASHINGTON (Reuters) - Exasperated U.S. lawmakers criticized Federal Reserve and Treasury Department efforts to shore up the faltering economy on Thursday, telling officials that their financial rescue efforts have not reached small businesses or homeowners.
November 20, 2008 No Comments