Economy - Articles

Mortgage forgiven for woman, 90, who shot herself
Associated Press - Sun Oct 5, 2008
AKRON, Ohio - Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her. More»

Credit Crisis Erodes Faith in Washington
Associated Press - Fri Sep 26, 2008
WASHINGTON - As if people needed one more reason to question their faith in Washington. More»

WaMu becomes biggest bank to fail in US history
Associated Press - Thu Sep 25, 2008
NEW YORK - As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks - Washington Mutual Inc - has collapsed under the weight of its enormous bad bets on the mortgage market. More»

Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
Bloomberg - Wed Sep 24, 2008
More than 150 prominent US economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely. More»

Run on Hong Kong Bank
Telegraph, UK - Tue Sep 23, 2008
Panicked customers queued to withdraw their savings from branches of the Bank of East Asia in Hong Kong as rumours circulated that the bank was facing financial problems, agencies reported. More»

FDIC Funds Are Dwindling
Associated Press - Tue Sep 16, 2008
Banks are not the only ones struggling in the growing financial crisis - The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort. More»

More Bank Trouble: "Financial Meltdown"
Associated Press - Sun Sep 14, 2008
NEW YORK - When Wall Street woke up Monday morning, two more of its storied firms had fallen. More»

Bank of America grabs distressed Wall Street icon Merrill Lynch
AFP - Sun Sep 14, 2008
NEW YORK - Bank of America announced Monday it was buying Merrill Lynch for 50 billion dollars in stock, scooping up the Wall Street icon battered by the housing and credit crisis. More»

BP and Shell post big profits in era of record oil prices
Associated Press - Mon Apr 28, 2008
LONDON - BP PLC and Royal Dutch Shell PLC, Europe's two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry. More»

US moves to avert economic meltdown
Associated Press - Mon Jan 21, 2008
Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending. More»

Record prices for grain from corn to rice have ignited food riots
Christian Science Monitor - Thu Jan 17, 2008
Record prices for grain from corn to rice have ignited food riots from Jakarta to Rome. More»

Monsanto 1Q profit nearly triples
Associated Press - Thu Jan 3, 2008
Monsanto Company reported Thursday that its first-quarter earnings nearly tripled because of surprisingly strong herbicide and seed sales in Latin America. More»

British bank hit by panic withdrawals
AFP - Thu Sep 13, 2007
LONDON - Anxious customers of British bank Northern Rock rushed to withdraw their savings on Friday, forming queues in front of branches after the lender was bailed out by the Bank of England. More»

Seniors head south to Mexican nursing homes
USA Today - Tue Aug 14, 2007
AJIJIC, Mexico - After Jean Douglas turned 70, she realized she couldn't take care of herself anymore. More»

US mortgage crisis goes into meltdown
Telegraph.co.uk - Tue Feb 27, 2007
Panic has begun to sweep the sub-prime mortgage sector in the United States after the bankruptcy of 22 lenders over the past two months, setting off mass liquidation of housing loans packaged as securities. More»

- Thu Jan 1, 1970
. More»

Page 1, 2, 3

Back to Economy

Economy - Articles

Economy

Browse