News about Funds and Finance

Four senators reach bipartisan auto aid deal

Reuters: Top News — Thu, 20 Nov 2008 19:04:13 +0000

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.

UAW: Get a deal done

Business and financial news - CNNMoney.com — Thu, 20 Nov 2008 18:59:15 +0000

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.

Obama eyes Arizona governor for Homeland Security

Reuters: Top News — Thu, 20 Nov 2008 18:59:04 +0000

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.

Stocks churn in volatile trade

Business and financial news - CNNMoney.com — Thu, 20 Nov 2008 18:56:54 +0000

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.

US senators ‘agree’ car bail-out

BBC News | Business | UK Edition — Thu, 20 Nov 2008 18:50:43 +0000

Four US senators reach a bipartisan agreement on a deal to help the struggling US car industry.

Kick GM out of the Dow…now!

Business and financial news - CNNMoney.com — Thu, 20 Nov 2008 18:48:39 +0000

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.

Jobs data miserable, regional factories slump

Reuters: Top News — Thu, 20 Nov 2008 18:46:30 +0000

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.

Financial crisis could have happy ending

Business and financial news - CNNMoney.com — Thu, 20 Nov 2008 18:45:31 +0000

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:

U.S. judge orders five Algerians at Guantanamo freed

Reuters: Top News — Thu, 20 Nov 2008 18:38:05 +0000

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.

Lawmakers fault Treasury, Fed on bailout

Reuters: Top News — Thu, 20 Nov 2008 18:12:59 +0000

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.