ALBUQUERQUE, N.M. – (AP) Eclipse Aviation filed for bankruptcy protection Tuesday after failing to produce its very light jet as fast as its business plan required, forcing the manufacturer to take a loss on each aircraft it built. The struggling Albuquerque manufacturer of
Tagged aircraft-it-built, albuquerque, bankruptcy-protection, eclipse, eclipse-aviation, forcing-the, loss-on-each, manufacturer, plan-required, very-lightCHARLOTTE, N.C. – (AP) American International Group Inc. said Tuesday it is limiting how much it pays its top executives, including granting a $1 salary for this year and the same for 2009 to its Chief Executive Edward Liddy.
Tagged and-the, edward-liddy-, group, including-granting, limiting-how, pays-its, salary-for, tuesday, yearWASHINGTON – (AP) Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total bailout commitments, loans and pledges of backing neared a staggering $7 trillion
Tagged 800-billion, against-the, against-the-financial, and-the, backing-neared, blockades-on-credit, borrowing, bush, mortgages-and, new-weapons, out-powerfulDETROIT – (AP) A list of job cuts, shuttered factories, canceled bonuses and commitments to fuel-efficient cars won’t be enough next week when U.S. automakers get another shot to persuade Congress to give them $25 billion in loans.
Tagged and-commitments, another-shot, automakers-get, cars-won, congress, job-cuts, shuttered-factories, teams-wilWASHINGTON – (AP) The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed said it will purchase up to $100 billion in direct obligations from mor
Tagged 100-billion, 600-billion, another-attempt, attempt, deal-with, direct-obligations, financial, the-financial, tuesday, tuesday-it-will, will-buy, will-purchaseNEW YORK – (AP) The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter yet another sign of escalating problems among the institutions controlling Americans’ deposits.
Tagged 171-during, among-the, among-the-institutions, insurance, insurance-corp-, list, quarter-yet, the-third, third, tuesday, tuesday-the-list, yorkSIOUX FALLS, S.D. – (AP ) The first salvo may have been fired this week in a long-awaited shakeout for the U.S. ethanol industry.
Tagged after-seeking, been-fired, energy, energy-corp-, falls, first-salvo, may-have, nation, one-month, shakeout-for, sioux, weekSIOUX FALLS, S.D. – (AP) The nation’s second largest ethanol producer, which is under Chapter 11 bankruptcy protection, said it has received an unsolicited buyout offer.
Tagged bankruptcy-protection, buyout-offer-, chapter, energy, energy-corp-, falls, has-received, said-it-has, second-largest, siouxWASHINGTON – (AP) With nationwide sales of existing homes falling more than expected last month and the median sales price plunging to $183,000, the U.S. housing market keeps getting worse.
Tagged barack-obama, damage, existing-homes, for-more, help-stem, housing-market-, industry-groups, keeps-getting, last-month, likely-on-the, median, obama, president-elect, stem-the-damage, the-wayDES MOINES, Iowa – (AP) The Chapter 11 bankruptcy case for a kosher meatpacking company accused of immigration and child-labor violations at its Iowa plant should be heard in that state, not New York, Iowa’s labor commissioner said Monday. Labor Commissioner David Neil said
Tagged a-kosher-meatpacking, a-plant-should, and-child-labor, bankruptcy-case, chapter, commissioner, david-neil, des, kosher-meatpacking, labor-commissioner, meatpacking, monday, plant-should, violations-at-its