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• Oil plunges on dire economic news
Given how weak price action is there, last night's 15 F (-9 C) temps in Chicago seem downright balmy." Oil prices have fallen about 70 percent since peaking at $147.27 in July. Fresh dismal economic news Thursday in the U.S. also pointed to a sharp ...
• Rolling Stones insider pins Altamont fracas on cops
Nonetheless the band hurriedly left the country, fearful of legal action. A penniless Cutler stayed behind to clean up the mess, and never saw Jagger again. In his book, he details how he risked his life to attend a basement summit with a dozen angry ...
• Bernanke urges more action on foreclosures
Dec. 4: Ford CEO Alan Mulally testifies that Ford is moving toward matching production with demand and expects profitability by 2011, but would like access to a $9 billion government bridge loan as a safeguard. WASHINGTON - Federal Reserve Chairman ...
• Auto execs back on Capitol Hill seeking aid
... aid, told senators that any kind of bankruptcy, even a prepackaged one, was not “a viable option.” Gettelfinger said consumers would not buy autos from bankrupt companies, no matter the terms of the arrangement. He also warned that without action ...
• Treasury weighs action on mortgage rates
The Treasury Department is strongly considering a plan to intervene directly in the mortgage industry to dramatically force down rates and stimulate the moribund housing market, according to sources familiar with the proposal. Under the initiative ...