(AP) Here’s a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. Here’s another: If you add in the homeowners like them in California, Arizona, Florida, Georgia and Michigan, together they acc
Tagged almost-half, california, champ, chase, current, georgia, its-mortgage, latest, michigan, strings-the-kremlin, the-governmentWASHINGTON – (AP) With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills. Big banks have formed an unusual alliance w
Tagged almost-half, california, champ, credit-card, current, debt-spiraling, from-the-mortgage, georgia, losing-billions, strings-the-kremlin, unpaid-credit, unusual-allianceROME – (AP) A group of Italian investors poised to rescue Alitalia have walked out of a meeting with unions over contracts, officials said Thursday. The walkout came just a day before the investors’ group has to present a binding offer for th
Tagged alitalia, almost-half, before-the-investors, georgia, investors, investors-poised, rome, walkout-cameFRANKFURT, Germany – (AP) Deutsche Bank AG reported a surprise third-quarter profit on Thursday, helped by new European Union accounting rules that limited its write-downs of shaky assets hit by the subprime crisis to 1.2 billion euros ($1.5 billion).
Tagged accounting-rules, almost-half, deutsche, deutsche-bank, european, investors, investors-poised, its-write-downs, rome, shaky-assets, subprime, surprise-third-quarter, the-subprime, walkout-cameKANSAS CITY, Mo. – (AP) Interstate Bakeries Corp.
Tagged allow-the-maker, Bankruptcy, city, exit-more, hostess, hostess-twinkies, interstate, judge-said, maker, seeking-creditor, the-maker, wonder-bread, yearsWILMINGTON, Del. – (AP) A Delaware bankruptcy judge has agreed to restrictions on large-scale deals in Washington Mutual stock if the sales affect the company’s tax position. Judge Mary Walrath on Wednesday granted Washington Mutual’s request that the company, its creditors
Tagged allow-the-maker, Bankruptcy, hostess-twinkies, its-creditors, judge-said, maker, walrath, walrath-on-wednesday, wednesdayNEW YORK – (AP) The market for the short-term debt known as commercial paper grew last week a good sign for companies worried about having to refinance at the end of the year, when investors are loath to take on risk. The Federal Reserve said
Tagged Bankruptcy, commercial-paper, federal, its-creditors, judge-said, short, the-end, the-short-term, the-year, yearWASHINGTON – (AP) The government is considering a plan that would help around 3 million homeowners avoid foreclosure, sources briefed on the matter said.
Tagged commercial-paper, final-deal, its-creditors, judge-said, short, sources-briefed, the-matter, the-short-term, wednesdayWASHINGTON – (AP) An alliance of financial industry interests and consumer advocates on Wednesday asked federal regulators to allow lenders to reduce by as much as 40 percent the amount of credit card debt owed by deeply indebted consumers in a special program. As the economic crisis has deepened and cons
Tagged allow-lenders, commercial-paper, consumer-advocates, debt-owed, deeply-indebted, economic, final-deal, judge-said, short, sources-briefed, the-economic, the-short-term, wednesdaySINGAPORE – (AP) Singapore’s DBS Group said 103 million Singapore dollars ($68 million) of structured notes linked to bankrupt U.S.
Tagged allow-lenders, debt-owed, known-as-high, lehman, lehman-brothers, notes, short, sources-briefed, structured-notes, the-economic, were-linked