Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Bush, allies put on joint front in effort to calm jittery investors in financial crisis
Associated Press WritersWASHINGTON (AP) _ President Bush and financial leaders from nations rich and poor pledged Saturday to intensify their efforts to unblock a frozen financial system before it does more damage to an increasingly shaky global economy. While there were no...Tags: European Union, Government, Housing and Urban Planning, Nicolas Sarkozy, Angela Merkel
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Bush: World economies shall overcome
The Swampby Mark Silva President Bush, meeting with representatives of the world's major industrial nations, maintains that they are making concerted efforts to confront a global freezing of lending that is dragging down markets worldwide. "I'm confident that...Tags: Henry Paulson, Financial Markets, Government, Finance, Business Institutions
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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: Financial Markets, George Bush, The White House, Government, Finance
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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: $700 Billion Bank Bailout, Laws, Government, Barack Obama, John McCain
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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: Economic Policy, Government, U.S. Department of Treasury, Political Systems, Freddie Mac
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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: Business Enterprises, Financial Markets, Stock Broking, Morgan Stanley Dean Witter & Company, 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, Office and Retail Spaces, Financial Services, Stock Broking, Rentals
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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 Broking, New York Stock Exchange, Stock Activities, Stock Market, Marketing
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Lender drops suit against sheriff who won't evict
The Associated PressA mortgage lender that tried to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday that it had withdrawn its lawsuit. Accredited Home Lenders said in a brief statement it would also suspend the eviction of...Tags: Mortgages, Foreclosures, Chicago Mortgages, Dolton
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Can bankruptcy be the answer if you are facing foreclosure?
The Associated PressCan 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 eliminate certain kinds of...Tags: Mortgages, Financially Distressed Companies, Bankruptcy, Judges
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An advertising quandary
Chicago Tribune reporterMedia-savvy financial institutions typically have a crisis communication playbook in their back pocket, but it hasn't been much use in the current industrywide collapse. The plans are designed for extraordinary one-time-only events, not a meltdown of the...Tags: Advertising, UMB Financial Corporation, Bank of America Corp., Public Relations, Marketing
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Finance companies appeal cease-desist order
Premium finance companies plan to appeal a cease-and-desist order from Maryland Insurance Commissioner Ralph S. Tyler, who found that they charge unlawfully high interest. Robert Rubenstein, president of U.S. Capital Associates LLC, one of the larger...Tags: Insurance
Oct 11, 2008
|Story| Associated Press
Oct 11, 2008
|Blog| Chicago Tribune
Oct 11, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Los Angeles Times
Oct 11, 2008
|Story| Los Angeles Times
Oct 11, 2008
|Story| Newsday
Oct 11, 2008
|Story| Allentown Morning Call
Oct 11, 2008
|Story| South Florida Sun-Sentinel
Oct 11, 2008
|Story| South Florida Sun-Sentinel
Oct 11, 2008
|Story| Chicago Tribune
Oct 10, 2008
|Story| Baltimore Sun
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