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Editorial: Strings could lessen benefits of auto loans (Detroit News) There should be no question left that the federal government must step in to provide the domestic automakers with the cash they need to survive this economic downturn. Last week's dismal third quarter reports make it clear that General Motors Corp. and Ford Motor Co. are moving steadily toward bankruptcy. Privately held Chrysler is believed to be posting losses just as severe.
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Gay Advocates File Petition to Overturn California’s Prop 8 - Wall Street Journal Gabriel Kahn reports on the election. Advocates for gay marriage said they had filed a petition with the California Supreme Court today, urging the judges to overturn Proposition 8, the ballot measure that seeks to ban same-sex marriage. The petition ...
- online.wsj.com
HSBC Wrote Down Assets by $4.9 Billion in Third Quarter - Wall Street Journal HSBC Holdings PLC, Europe's largest bank by market value, said Monday it had been forced to write down the value of its assets by $4.9 billion in the third quarter, as the cost of bad loans in the U.S. continued to mount and the credit market ...
- money.cnn.com
MARKET SNAPSHOT: U.S. Stocks Close Lower As Global Economy Weighs - CNN Money U.S. stocks started the week solidly at a loss Monday, with word of Citigroup Inc. slashing 50,000 jobs and Japan slipping into recession heightening worries about the severity of the global slowdown. "Investors continue to worry about the near-term ...
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