TOP 100 FINANCIAL SITES
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| GM Posts Record $39B Loss, Offers Buyouts General Motors Corp. announced that it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers. GM said it lost $38.7 billion in 2007. feeds.cbsnews.com |
Ross to put up to $1 bln into rival to Ambac, MBIA NEW YORK (Reuters) - Billionaire Wilbur Ross has agreed to invest up to $1 billion in Assured Guaranty Ltd , sidelining big bond insurers like Ambac Financial Group Inc in favor of a rival that has largely avoided the credit problems plaguing the industry. feeds.reuters.com |
Commentary: Do presidents have a role in financial crises? WASHINGTON (MarketWatch) -- "Not this time." feeds.marketwatch.com |
Dollar trades at upper 101 yen in Tokyo The U.S. dollar traded at the upper 101 yen level early Monday in Tokyo. At 9 a.m., the dollar was quoted at 101.60-65 yen compared with101.43-53 yen at 5 p.m. Friday in New York and 102.30-33 yen in Tokyo late Friday. The e ... english.people.com.cn |
BofA's Lewis says $4B Countrywide buy still a good idea CHARLOTTE, N.C. (AP) -- Beleaguered Bank of America Corp. shareholders pleaded Wednesday with the bank's chief executive not to proceed with a $4 billion acquisition of distressed subprime mortgage lender Countrywide Financial Corp.... hosted.ap.org |