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Investigation of credit crisis inspires a rare cooperation of prosecutors (International Herald Tribune)
Michael Garcia, the U.S. attorney in Manhattan, and Andrew Cuomo, the New York State attorney general, will jointly investigate the shadowy world of credit-default swaps, the $55 trillion market in unregulated financial instruments at the center of the meltdown.
GM Says US Cash Is Its Best Hope - New York Times
GM Says US Cash Is Its Best Hope New York Times, United States - 9 hours ago While Ford is not running out of cash as fast as GM, the company said that its automotive operations lost $2.9 billion in the third quarter. ... Video: GM Reports Loss in Billions, Is Low on Cash AssociatedPress GM reports running low on cash ; it ends Chrysler merger talks Los Angeles Times General Motors is facing bankruptcy within months Independent AFP - Crain's Detroit Business all 1,536 news articles
House OKs $630 billion budget - Los Angeles Daily News
WASHINGTON - The House passed a $630 billion-plus spending bill Wednesday that wraps together a record Pentagon budget with aid for automakers and natural-disaster victims, and increased health-care funding for veterans returning from Iraq and ...
CIT Group applies to become bank holding company - Philadelphia Inquirer
NEW YORK - CIT Group Inc. said Thursday it has applied to the Federal Reserve to become a bank holding company, a move which would make the commercial finance firm eligible for funding under the government's $700 billion bank rescue program. Many ...
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