Detroit: Wait until after next year
Congress wants the Big Three to produce a plan for profitability before it will approve a bailout. This could be within reach…but not until 2010.
By Chris Isidore, CNNMoney.com senior writer
NEW YORK (CNNMoney.com) — A profitable U.S. auto industry just around the corner? Given the crisis hitting the industry, it sounds [...]
Extreme Makeover at Morgan Stanley
Morgan Stanley, one of the grandest names on Wall Street, transformed itself into an old-fashioned bank holding company in a desperate bid to survive the financial crisis.
By LOUISE STORY
Two months ago, Morgan Stanley, one of the grandest names on Wall Street, transformed itself into an old-fashioned bank holding company in a [...]
Fannie Mae names Johnson chief financial officer
Fannie Mae names former Hartford Financial Chief Financial Officer David Johnson as CFO
NEW YORK (Associated Press) - Fannie Mae said Tuesday it named David Johnson to serve as the mortgage giant’s chief financial officer and executive vice president, beginning immediately.
Johnson joins the company from Hartford Financial Services Group, where [...]
Home prices in record decline
A Case-Shiller survey shows a 16.6% annual decline in the summer months as the housing picture continues to deteriorate.
By Les Christie, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) — The home price plunge stayed on a record pace this summer, according to a widely watched gauge of national real-estate markets released Tuesday.
The S&P [...]
Obama Says Wall Street Executives Should Forgo Holiday Bonuses
President-elect Barack Obama said executives at Wall Street banks should forgo their Christmas bonuses.
By Kim Chipman
Nov. 26 (Bloomberg) — President-elect Barack Obama said executives at Wall Street banks should forgo their Christmas bonuses.
Japan, Thai Stocks Lead Asian Declines; Banks Buoy South Korea
Japanese and Thai stocks fell in Asia after Toyota Motor Corp.’s debt rating was cut and anti- government protesters shut Bangkok’s main airport. South Korean banks gained after regulators said risks are being controlled.
By Patrick Rial and Shani Raja
Nov. 26 (Bloomberg) — Japanese and Thai stocks [...]
Pacific Rim Leaders Vow Further
S-a lansat noul site FinancialDose.com care va prezinta ultimele stiri din domeniul financiar, bancar si economic international. Daca vreti sa fiti la curent cu ultimele detalii despre criza economica internationala, cu ultimele mutari strategice ale firmelor internationale si sa fiti conenctat la viata financiara mondiala FinancialDose.com va asteapta cu doza zilnica de stiri.
S-a lansat noul site FinancialDose.com care va prezinta ultimele stiri din domeniul financiar, bancar si economic international. Daca vreti sa fiti la curent cu ultimele detalii despre criza economica internationala, cu ultimele mutari strategice ale firmelor internationale si sa fiti conenctat la viata financiara mondiala FinancialDose.com va asteapta cu doza zilnica de stiri.
