Dec. 4, 2008 (Reuters) — General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi-billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. ... > full story
LONDON, Dec. 4, 2008 (Reuters) — European shares rallied on Thursday after a record Swedish interest rate cut boosted expectations for aggressive moves from the euro zone and UK, while government bonds and the yen surged on economy concerns. ... > full story
TOKYO, Dec. 4, 2008 (Reuters) — Goldman Sachs said on Thursday it has rejected an offer from Panasonic Corp <6752.T> to buy its shares in Sanyo Electric Co Ltd <6764.T> because it believes the offer price is too low. ... > full story
WASHINGTON, Dec. 3, 2008 (Reuters) — The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Cable manufacturer Belden Inc said on Wednesday it will cut about 1,800 employees, or 20 percent of its workforce and consolidate some manufacturing operations due to weaker demand for its products. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — New York City Mayor Michael Bloomberg said he had advised President-elect Barack Obama's transition team to boost U.S. economic growth by fixing the credit markets so that cities and states can resume borrowing to build infrastructure projects. ... > full story
BOSTON, Dec. 3, 2008 (Reuters) — Harvard University's endowment has lost 22 percent, or roughly $8 billion, in the last four months, leaving the world's richest university on track to deliver its worst annual returns in 40 years. ... > full story
SAN FRANCISCO, Dec. 3, 2008 (Reuters) — Billionaire Carl Icahn opposes selling part of Yahoo to former AOL Chief Executive Jonathan Miller or anyone else because it is undervalued, he told CNBC on Wednesday. ... > full story
CHICAGO/WASHINGTON, Dec. 3, 2008 (Reuters) — Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. ... > full story
CHICAGO, Dec. 3, 2008 (Reuters) — UAL Corp , parent of United Airlines, on Wednesday said it would lay off almost 1,200 workers as part of a previously announced plan to trim staff by 7,000 jobs. ... > full story
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Mortgage applications up as rates fall Dec. 3, 2008 (Business Courier - Cincinnati) — Lower interest rates and a steady stream of government bailouts helped to create a surge in mortgage applications last week.. . The Mortgage ...
United to layoff nearly 1,200 after holiday rush Dec. 3, 2008 (Chicago Tribune) — Pink slips will soon be flying at United Airlines, which is preparing to lay off about 1,190 workers early next year, sources tell the Tribune. The ...
INSTANT VIEW 2-US private sector sheds jobs in … Dec. 3, 2008 (TMCnet.com) — U.S. private employers cut 250,000 jobs in November, the most in seven years, a report by a private employment service said on Wednesday. Story: ...
Is Your Money Market Fund Really Safe? Dec. 3, 2008 (Crosswalk) — Something happened on Sept. 16, 2008 that had never happened before: a large retail money market fund "broke the buck." Investors, confident that ...
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