Highlights
A collection of news and information related to Financial and Business Services published by Tribune Company sources.
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Paulson says administration looking for more ways to tap $700 billion financial rescue program
AP Economics WriterWASHINGTON (AP) _ Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration. Paulson said the...Tags: George Bush, Heads of State, Barack Obama, Business Institutions, National Government
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AP IMPACT: They warned us: US was told to 'expect foreclosures, expect horror stories'
Associated Press WriterWASHINGTON (AP) _ The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient...Tags: Federal Reserve, National Government, U.S. Department of Treasury, Mortgages, Investments
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Records show White House refused to stop bad loans long before crash
Associated Press WriterThe Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that...Tags: Federal Reserve, National Government, Mortgages, U.S. Department of Treasury, Bankruptcy
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Boat parade back in Boca Raton and looking for boaters
South Florida Sun-SentinelLast year, disappointed boaters followed the normal route of Boca Raton's annual boat parade only to find there was no parade after all. Budget cuts in 2007 caused the first blackout in more than three decades of the holiday tradition. Now with private...Tags: Festive Event, Government Debt, Stock Broking, Boynton Beach, Boca Raton
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EU regulators do a U-turn and spark debate on new rules for hedge funds
AP Business WriterBRUSSELS, Belgium (AP) _ The European Union will this week take the first step toward new rules governing high-risk hedge funds, the EU's financial services chief said Monday. EU Commissioner Charlie McCreevy, long opposed to regulating the funds, is...Tags: Corporations, Mutual Funds, Sales, European Elections, European Union
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If debt is wife's, husband won't share bankruptcy
James Monroe, P.A.Q I am married and own three rental properties in my name only. The properties are losing money because I can't keep them rented, and the amount I owe on each of them is at least $50,000 less than their current worth. If I were to file bankruptcy on my...Tags: Bankruptcy, Mortgages, Financially Distressed Companies, James Monroe, Rentals
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Civil suit claims ratings agencies hurt U.S. minority homeowners
In what is apparently the first legal action of its kind, an association of community-based organizations has filed a federal civil rights complaint against two of the three largest Wall Street ratings agencies, charging that their inflated ratings on...Tags: Federal Reserve, Minority Groups, National Government, Consumers, Mortgages
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Make sure you understand all of fiancee's obligations
My fiancee has her name on three separate mortgages for two different commercial buildings with her ex-husband. According to the divorce decree, her ex-husband has until August 2009 to refinance the mortgages. He wants to do an assumption, which will not...Tags: Foreclosures, Mortgages, Real Estate Sellers, Homes, Glencoe
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A taxing strategy
Through a long campaign, President-elect Barack Obama made a mantra of his pledge to raise taxes on the wealthy and cut them for the struggling middle class. But now it seems likely that the rich won't be paying more, at least for a year or two, because...Tags: Federal Reserve, Barack Obama, State Budgets, Consumers, U.S. Department of Treasury
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Insulin giant Novo Nordisk has strong cash flow, little debt
Tribune Media ServicesQuestion: Please give an opinion on shares of Novo Nordisk A/S. -- V.S., via the Internet Answer: The world's largest maker of insulin holds more than half of the global market in diabetes treatments. Not only is the number of diabetes cases expected...Tags: Diseases, Sales, Morningstar Incorporated, Rent-A-Center Incorporated, S
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Wall Street cloud darkens Lehigh Valley
Of The Morning CallCitigroup: 70,000. Wachovia: 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands of jobs from their banking, mortgage and brokerage arms amid the economic calamity roiling the world's markets. Even...Tags: Layoffs and Downsizing, Harleysville National Corporation, Commuting, Mortgages, Employees
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Economic woes force more people to give up their pets
jennifer.barrios@newsday.comNo matter what kind of day John was having, Pumpkin was there to cheer him up. "Every time I came home, it was almost like you could see a smile on her face," said the Centereach man. "The unconditional love that you get, it makes you feel young. And...Tags: Long Island, Animals, Babylon (Babylon, New York), Dogs, Mortgages
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| South Florida Sun-Sentinel
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Orlando Sentinel
Nov 30, 2008
|Story| Baltimore Sun
Nov 30, 2008
|Story| Baltimore Sun
Nov 30, 2008
|Story| Baltimore Sun
Nov 30, 2008
|Story| Orlando Sentinel
Nov 30, 2008
|Story| Allentown Morning Call
Nov 29, 2008
|Story| Newsday
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