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FINANCIALS

Friday, 14 November 2008

Paulson Urges Congress to Approve Automaker Funding (Update2)

Paulson Urges Congress to Approve Automaker Funding (Update2)

By Peter Cook and John Brinsley Nov. 13 (Bloomberg) -- US Treasury Secretary Henry Paulson urged Congress to come up with money to rescue US automakers from the brink of bankruptcy, saying his $700 billion financial rescue plan isnt intended for

Source: Bloomberg

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Friday, 09 January 2009

Bank industry slams lawmaker-Citi mortgage deal

Bank industry slams lawmaker-Citi mortgage deal

By Karey Wutkowski and Dan Wilchins WASHINGTON/NEW YORK (Reuters) - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic...

(Source: Reuters)    read more...

Friday, 09 January 2009

Circuit City in talks with possible buyers

Circuit City in talks with possible buyers

Circuit City Stores is talking with two parties about possibly acquiring the consumer electronics chain, which filed a Chapter 11 bankruptcy reorganization plan last year.

(Source: Bizjournals.com)    read more...

Friday, 09 January 2009

KB Home reports worse-than-expected quarterly loss

KB Home reports worse-than-expected quarterly loss

NEW YORK, Jan 9 (Reuters) - KB Home (KBH.N: Quote, Profile, Research) posted a worse-than-expected quarterly loss, sending its shares lower, but an upward revision to its cash...

(Source: Reuters)    read more...

Friday, 09 January 2009

Frank Says Obama Backs $729750 Fannie, Freddie Limit

Frank Says Obama Backs $729750 Fannie, Freddie Limit

By Dawn Kopecki and Alison Vekshin Jan. 9 (Bloomberg) -- President-elect Barack Obama agreed with House Democrats to increase the limit on loans Fannie Mae and Freddie Mac can...

(Source: Bloomberg)    read more...

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