Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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G-8 leaders to hold a global summit on financial crisis as early as next month in New York
AP Business WriterBRUSSELS, Belgium (AP) _ The Group of Eight major industrial nations announced Wednesday they will hold a global summit — perhaps as early as November in New York — to forge common action to prevent another economic meltdown. Britain called...Tags: Gordon Brown, Summits, Mutual Funds, The White House, Diplomacy
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Details of MacArthur Foundation's $68M housing aid
The John D. and Catherine T. MacArthur Foundation on Wednesday pledged $68 million to boost foreclosure-prevention efforts in Chicago. The program includes: -- Up to $36 million in investments and $750,000 in grants for mortgage programs and efforts...Tags: Interior Policy, MacArthur Foundation, John D. and Catherine T. MacArthur Foundation, Mortgages, Chicago Mortgages
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California Realtors forecast lower home prices, rising sales in 2009
Los Angeles Times Staff WriterHome prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today. Doubts about...Tags: Homes, Passenger Cars, Financial Markets, Foreclosures, Mortgages
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Britain and France calls for global summit this year to reshape banking system
AP Business WriterBRUSSELS, Belgium (AP) _ The world's top economies should hold a global summit this year on reforming the world's financial system, British and French leaders declared Wednesday. British Prime Minister Gordon Brown said the international summit could...Tags: Gordon Brown, United Nations, Mutual Funds, Business Institutions, Angela Merkel
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Florida AG takes aim at debt-relief 'malarkey'
South Florida Sun-SentinelAttorney General Bill McCollum announced a campaign today to wipe out debt-relief companies that he said are scamming Florida consumers facing financial distress out of millions in fees and charges. As the economy heads for what many predict will be a...Tags: Lawyers, Consumers, Pompano Beach, Financial Services, Credit and Debt
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MacArthur Foundation to help stop Chicago foreclosures
Tribune staff reporterSaying it is well aware of the problem in its own Chicago backyard, the John D. and Catherine T. MacArthur Foundation today announced $68 million in local grants and low-interest loans to help stop the rising number of home foreclosures. The foundation...Tags: Business Institutions, Foreclosures, Property, MB Financial Incorporated, Interior Policy
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Treasury hires bank to manage bailout
The Swampby James Oliphant The Treasury Department Tuesday announced that it has selected Bank of New York Mellon to implement the administration's "rescue plan" to bolster distressed financial institutions. The department hired the New York City-based firm Monday...Tags: U.S. Department of Treasury, Business Institutions, Financial Services, Bank of New York Company
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McCain unveils economic proposals
The Swampby Jill Zuckman Blue Bell, Pa. - Fighting to stay competitive with Barack Obama, John McCain unveiled Tuesday a $52.5 billion economic plan to eliminate taxes on unemployment benefits, cut the capital gains tax rate in half for the next......Tags: Polls, Joe Biden, Local Authority, Personal Finance, Government
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Bush, Paulson should just follow Brit lead
The Swampby Frank James In digging out of their part of the global financial hole, the British may have an advantage over the U.S. in that they have a prime minister who, prior to his current job, was the Chancellor of......Tags: Gordon Brown, Henry Paulson, Regulatory Policy and Organizations, Diplomacy, The White House
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Obama, McCain economic duel
The Swampby Jill Zuckman TOLEDO, Ohio--Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle-class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as...Tags: Labor Legislation, Polls, Harry Reid, George Bush, Local Authority
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Cause for optimism
Executives at Baltimore's regional banks said they're hopeful that the federal government's plan to buy stakes in banks will help ease the economic crisis by stimulating lending and restoring consumer confidence in the financial system.
Under the...Tags: Henry Paulson, Economic Policy, CEO Pay, Cicero, Banking
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Bush administration takes another whack at resolving financial crisis
AP Business WriterWASHINGTON (AP) _ The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago. But things move fast in the bailout world. And in deciding to inject fresh capital into U.S. banks in...Tags: Henry Paulson, Mortgages, Federal Reserve, Chicago Mortgages, Restructuring and Recapitalization
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Los Angeles Times
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| South Florida Sun-Sentinel
Oct 15, 2008
|Story| Chicago Tribune
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Story| Baltimore Sun
Oct 14, 2008
|Story| Associated Press
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