Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Bush's statement on financial crisis
President Bush's statement Saturday on the financial crisis, as released by the White House. He spoke in the Rose Garden after meeting with financial ministers from the G-7 nations: Thank you all very much. Good morning. (Treasury) Secretary (Henry)...Tags: Banking, Financial Markets, Finance, Federal Reserve, Government
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Obama proposes tax breaks, loans for small business; McCain wants to halt retiree stock sales
AP Special CorrespondentWASHINGTON (AP) _ John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race for the White House. McCain, lagging in the...Tags: Retirement, Homes, Government, State Budgets, The White House
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U.S. to buy shares in struggling banks
Los Angeles Times Staff WritersIn an extraordinary response to the escalating financial crisis, Treasury Secretary Henry M. Paulson said Friday that the government would buy direct stakes in banks and other financial institutions for the first time since the Great Depression....Tags: Ben Bernanke, Banking, Financial Markets, Fannie Mae, Government
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Paulson announces government will move ahead with plan to buy stock in financial institutions
AP Economics WriterWASHINGTON (AP) _ Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions. Paulson said the program to purchase stock in financial institutions will be open to a broad...Tags: Henry Paulson, Finance, $700 Billion Bank Bailout, Business Institutions
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Fear, greed produce wild ride for stocks on Wall Street
Los Angeles Times Staff WriterIn a fitting end to the worst week on Wall Street since the Great Depression,the stock market underwent a titanic battle between greed and fear Friday as stock prices rallied from two bone-rattling sell-offs only to fade late in the day. The Dow Jones...Tags: Financial Markets, Banking, Investments, Mutual Funds, New York Stock Exchange
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Financial turmoil threaten New York's property markets
The fate of one of the strongest property markets in the world hangs in the balance as Wall Street stalwarts crumble and job losses loom over the Big Apple. The days of skyrocketing rents and high sales prices on everything real estate from office...Tags: Condos and Houses, Real Estate, Office and Retail Spaces, Stock Broking, Financial Services
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Traders: Not a smashing good time
Of The Associated Press''There's nothing that's come anywhere near this.'' Alan Valdes, a trader for brokerage and financial services firm Hilliard Lyons, said past market crises -- the 1987 crash, the dot-com bust, the savings and loan collapse -- were ''child's play''...Tags: Stock Market, Stock Activities, Stock Broking, Marketing, New York Stock Exchange
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Vulture investors poised to feed on distressed companies, but hesitate as prices keep falling
Associated Press WriterNEW YORK (AP) _ When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. "I may lose a...Tags: Medford, The Goldman Sachs Group Incorporated, Bedford (Bronx, New York), Government, Columbia University
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Despite global rate cuts and cash injections, banks keep hoarding cash, a bad sign for credit
AP Business WriterNEW YORK (AP) _ Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain...Tags: General Electric Company, Loans, Bonds, Federal Reserve, Hartford (Hartford, Connecticut)
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Lender drops suit vs. Cook Cty sheriff on eviction
Associated Press WriterA mortgage lender that filed a lawsuit to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday it has withdrawn the suit. Accredited Home Lenders said in a brief statement it would also suspend its eviction...Tags: Dolton, Condos and Houses, Rentals, Mortgages, Chicago Mortgages
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Meltdown 101: Bankruptcy filing won't provide much help for most borrowers facing foreclosure
AP Business WriterWASHINGTON (AP) _ Can filing for bankruptcy help homeowners facing foreclosure? For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a far better option. While bankruptcy judges can reduce or...Tags: Banking, Government, Lawyers, National Government, Bankruptcy
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Traders on Wall Street say the past 2 weeks are the worst they've ever seen
AP Business WriterNEW YORK (AP) _ "There's nothing that's come anywhere near this." Alan Valdes, a trader for brokerage and financial services firm Hilliard Lyons, said past market crises — the 1987 crash, the dot-com bust, the savings and loan collapse — were...Tags: Stock Market, Stock Activities, Stock Broking, Marketing, New York Stock Exchange
Oct 11, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Los Angeles Times
Oct 10, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Los Angeles Times
Oct 11, 2008
|Story| Newsday
Oct 11, 2008
|Story| Allentown Morning Call
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
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