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WASHINGTON (Reuters) - President-elect Barack Obama has vowed to help middle-class U.S. homeowners facing foreclosure, but he has said little about how he will help low-income families made homeless by a worsening economy.
(Reuters) - American Express Co, the No. 4 U.S. credit card issuer, is seeking about $3.5 billion in tax-payer funded capital from the U.S. government, the Wall Street Journal said, citing people familiar with the situation.
NEW YORK (Reuters) - Home values in the United States posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
(Reuters) - Fannie Mae (FNM.P: Quote, Profile, Research, Stock Buzz), once a mortgage giant, could post losses totaling $20 billion to $40 billion in the next four quarters, as elevated credit costs continue to hurt the company's capital position, an analyst at FBR Capital Markets said.
The market, which fell for the second-straight session on Tuesday, might pick a direction once Treasury Secretary Henry Paulson gives an update on the government's financial rescue package at 10:30 a.m. EST. There are no major economic reports due to be released during the session.
WASHINGTON (AP) -- Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough.
Nov. 12 (Bloomberg) -- The U.S. downturn will be the longest in three decades, and the drought in consumer spending may be the worst ever, according to economists surveyed by Bloomberg News.
Europeans are looking urgently for broad changes and tighter universal banking regulations. With two months left in office, President Bush isn't ready to go nearly that far.
(RTTNews) - US stocks were looking for direction Wednesday morning in New York amid lingering concerns about corporate profits and the health of the economy.
I see that there is war between the Elite going on. I have write from it today, and I will publish that later today. In nutshell: We see battle from NWO and it outcome, the great question inside the Elite is, "Where will be the Capitol of finance, and where is it placed in New World Order?"
Originally posted by whiteraven
I am glad that I am not alone in the observation that the Elites are trying to move the center of FINANCE from New York City to ??????........
"Since mid-September, rapid, seismic changes in consumer behavior have created the most difficult climate we've ever seen. Best Buy simply can't adjust fast enough to maintain our earnings momentum for this year," Vice Chairman and Chief Executive Brad Anderson said in a statement.
The US government could be entering a bottomless pit of bailouts if it starts propping up failing companies outside the financial sector—including the struggling auto industry, economists say.