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BBC News | Business | World Edition
Crisis talks to save German bank
Sun, 05 Oct 2008 11:51:22 -0000
German ministers meet officials from the central bank and the financial regulator to try to save troubled lender Hypo Real Estate.
No banks bail-out fund for Europe
Sat, 04 Oct 2008 21:02:35 -0000
An emergency summit of European leaders is due to be held in Paris on the global financial crisis.
Bush warns challenges remain
Sat, 04 Oct 2008 04:16:21 -0000
President Bush says the US economy still faces "serious challenges", after signing a $700bn financial rescue plan.
NYT > World Business
European Leaders Vow to Fight Financial Crisis
Sun, 05 Oct 2008 07:25:16 -0000
Despite their pledge, the leaders of Europe’s largest economies failed to offer a systemwide answer to a credit crisis that has forced them to bail out several banks in just the past week.
Boomtown of Dubai Feels Effects of Global Crisis
Sun, 05 Oct 2008 07:26:25 -0000
As recession looms in the West, cracks are appearing in the boom that has made Dubai a global byword for unfettered growth.
European Banks Expect to Benefit From the Chaos in Their Industry
Sat, 04 Oct 2008 05:27:49 -0000
Executives at Europe’s still-solvent giants see an opportunity to crack businesses long dominated by more nimble American companies brought low by the financial crisis.
L.A. Times - Business
A home page for bidding on foreclosures
Sun, 05 Oct 2008 00:00:00 -0700
Some firms see a place for an online market in distressed properties. Drawn by the convenience, faraway investors won't know what they're getting into. As the nation prepares to pay the price for years of unfettered property speculation, a collection of online companies is hoping to cash in on an oncoming wave of foreclosure sales by auctioning distressed homes online -- with significant consequences for homeowners as well as purchasers.¶ Next month, Duval County in Florida will be the first in the country to hold an Internet foreclosure auction, forgoing the traditional courthouse sale in the hope of attracting buyers from other areas. ¶ If the sales proceed and other states sign on, it will be an earth-shifting change in the way foreclosures are handled because it will eliminate a key requirement meant to protect homeowners from unscrupulous lenders. ¶ By law in California -- and every other state save Florida -- lenders may not simply claim that a homeowner has defaulted on payments and move to take over the house. Instead, they must hold a public sale, in the county where the property is located, after notice has been provided to the borrower and the sale has been advertised. ¶ Internet sales will also have important ramifications for bidders. ¶ Because potential buyers may be out of the area, many won't be able to fully research the properties and might wind up, as happens even in courthouse sales, finding faucets with no running water, foundations that are crumbling and even the occasional corpse.
Wells Fargo-Wachovia deal on hold, Citigroup says
Sat, 04 Oct 2008 23:02:00 -0700
NEW YORK — The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Citigroup announced in a news release.
Chew on prices, coverage when considering pet insurance
Sun, 05 Oct 2008 00:00:00 -0700
Your bank account and level of attachment to your pet are key factors when pondering whether insurance is worth it. Justin and Brandy Besemer were newly married and trying to pay off their wedding debt when they decided their family needed a dog -- an American Bulldog named Kaila.
