DENVER – (AP) Questions about the future of the Rocky Mountain News had become so common, the newspaper’s staff put up a handwritten paper sign on the news desk that said, “We don’t know.” On Thursday,
Tagged future, had-become, news, newspaper, paper-sign, questions, rocky, rocky-mountain, sign-on-the, staff-put, the-news, the-newspaper, thursdayWASHINGTON – (AP) Fannie Mae said Thursday it needs $15.2 billion in government aid though that figure is expected to grow because it lost nearly $59 billion last year as the foreclosure crisis mushroomed. The Washington-based mortgage fin
Tagged 15-2-billion, because-it-lost, billion-last, fannie, foreclosure, government-aid, grow-because, lost-nearly, mortgage-fin, the-foreclosure, thursday-it-needs, year-as-theWASHINGTON – (AP) Against a backdrop of record-low new home sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program next week.
Tagged against, billion-foreclosure, home-sales, launch-the-obama, lending, lending-industry, losses-from, shaunMILAN, Italy – (AP) The IT Holding company, which owns the Gianfranco Ferre fashion house, sought bankruptcy protection from its creditors Thursday.
Tagged fashion-house, gianfranco, holding, into-bankruptcy, its-creditors, its-subsidiaries, sought-bankruptcy, the-holding, weeks-afterWASHINGTON – (AP) A dispute among House Democrats stalled legislation Thursday to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners. The measure, backed by President Barack Obama, is the mo
Tagged house, house-democrats, let-bankruptcy, mortgages-for, obama, president, president-barack, principal, rate-on-mortgages, stalled-legislationCHARLOTTE, N.C. – (AP) Beleaguered insurer American International Group Inc. could be split into at least three separate government-controlled divisions in an effort to save the business, according to a report on Thursday by the Financial Times. Earlier this week,
Tagged beleaguered, business, financial, financial-times-, group, group-inc-, into-at-least, least-three, report-on-thursday, save-the, save-the-business, split-into, thursday, weekLast week President Obama announced an ambitious and expensive plan to stabilize home prices and help homeowners in trouble with their home loans avoid foreclosure.
Tagged ambitious-and, expensive-plan, help-homeowners, home, loans-avoid, president, president-obama, prices-and, stabilize-home, their-home, trouble-withWASHINGTON – (AP) Debt-strapped homeowners facing foreclosure could resort to bankruptcy to force reductions in their monthly mortgage payments under a measure awaiting a House vote.
Tagged a-measure-awaiting, bankruptcy-judge, bill-set, debt-strapped, force-reductions, homeowners-facing, house, measure-awaiting, monthly, monthly-mortgage, mortgage-payments, their-monthly, thursdayDETROIT – (AP) General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto sales climate since 1982 and sought government loans to keep the century-old company running
Tagged 1982-and, 6-2-billion, 9-6-billion, auto-sales, fought-the-worst, last, loss-and, said-it-burned, worstNEW YORK – (AP) Citigroup Inc.’s bid to boost its equity capital could result in the federal government raising its stake in the troubled bank this week to as much as 40 percent, a person familiar with the talks said. Citigroup already has received $45 billion in U.S
Tagged a-person-familiar, boost-its, citigroup, federal, its-stake, new, the-troubled, week, york