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submitted by Robby for team staff news 3 hours 43 minutes ago
Federal regulators seized three banks last night, including Downey Savings and Loan Association, a large California mortgage lender, expanding what is by far the most expensive crop of bank failures in modern American history and indicating that the pace of failures is increasing. The Federal...(more)
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submitted by Robby for team staff news 3 hours 43 minutes ago
On the evening of Friday, Sept. 12, Timothy F. Geithner gathered 20 Wall Street executives in a conference room at the Federal Reserve Bank of New York. Treasury Secretary Henry M. Paulson Jr. began the session, according to sources familiar with the meeting. Standing up,...(more)
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submitted by Robby for team staff news 4 hours 43 minutes ago
Justin Sprinzen took a chance on an abandoned Capitol Hill townhouse last spring, despite the faltering housing market. The 34-year-old novice developer saw potential profit in the vacant District-owned property on D Street NE, about a dozen blocks from his home. So he bought it...(more)
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submitted by Robby for team staff news 1 hour 43 minutes ago
Russia's mighty energy companies seemed to be increasing their influence yesterday as Lukoil negotiated to take up to a 30% stake in the Spanish group Repsol, one of the world's top 10 private oil companies.
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submitted by Robby for team staff news 5 hours 43 minutes ago
The chief executive of Ryanair said the economic downturn will force weaker carriers to cut routes, allowing his airline to move in.
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submitted by Robby for team staff news 2 hours 43 minutes ago
Struggling General Motors, which was blasted and mocked for using one of its corporate jets to fly chief executive G. Richard Wagoner Jr. to Washington this week to beg Congress for a bailout, is preparing to give back two of its leased corporate jets, the...(more)
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submitted by Robby for team staff news 12 hours 43 minutes ago
MEXICO CITY (AP) -- America's third-largest oil supplier has exported 17 percent less crude this year....
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submitted by Robby for team staff news 9 hours 42 minutes ago
Prices for Venezuelan oil reached their lowest level in 22 months Friday as fears of a global recession stalled demand, slashing the main source of cash for President Hugo Chávez's hefty state spending.
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submitted by Robby for team staff news 9 hours 43 minutes ago
Wall Street surged on Friday afternoon after news reports that Timothy F. Geithner would be chosen to be secretary of the Treasury.
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submitted by Robby for team staff news 9 hours 43 minutes ago
QUITO, Ecuador (AP) -- Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations....
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