Thursday, April 30, 2009

More economic issues

Clearing economic 'wreckage,' fixing U.S. image...

Optimistic CHRYSLER will be viable...

WIRE: CHRYSLER Bankruptcy to Be Announced by Obama Tomorrow...

Fed leaves rate at record low; sees signs recession easing...

Economy shrinks at worse-than-expected pace...

Metro Unemployment Skyrockets; Some Cities See Rates Comparable To Great Depression...

Phoenix first major cty where home prices have fallen by half...

STRESS: Fed Finds at Least 6 of 19 Biggest Banks Need to Raise More Capital...
CITI scrambles...
MSNBC's Washington HQ Can't Make Rent: Looking to Share Space with Local U...

US Exports Fall By 30% : The US economy continued to contract in the first quarter of 2009, led by the biggest fall in exports for 40 years.

U.S. Economy Shrank at 6.1% Rate in First Quarter: The 6.1% drop was much bigger than Wall Street expected and hardly different than a 6.3% plunge in the fourth quarter, when the recession that began in December 2007 deepened.

GM to Eliminate More Than 1,000 Underperforming Dealers: The Detroit-based automaker told dealers it plans to eliminate 1,000 to 1,200 underperforming dealers and to cut 450 stores with the elimination of the Pontiac, Saturn, Hummer and Saab brands, Susan Garontakos, a GM spokeswoman, said in an interview

Guess Who's Buying Chrylser and GM?: It looks like the government is close to reaching a deal with Chrysler's creditors, under which they'd write down most of the company's debt. With a deadline for restructuring just days away, that'd clear the way for a merger with Fiat and, possibly, keep the company out of bankruptcy court.

U.S. Home Prices Continued to Decline in February: Phoenix has achieved the unwelcome distinction of becoming the first major American city where home prices have fallen by half since the middle of the decade, according to data released Tuesday.

Credit Card Companies Snatch Social Security Payments: Debt collectors for credit card companies and other creditors are now going after Social Security payments, which are supposed to be exempt from garnishment in such situations. Their tactics include freezing the bank accounts into which a beneficiary’s Social Security checks are direct-deposited.

Home Prices in 20 U.S. Cities Declined : Compared with a month earlier, home prices fell 2.2 percent in February, after a 2.8 percent decline in January, today’s report showed.

Swine Flu Deflation

Germany's Woes Spark Talk Of Weimar

Citigroup Scrambles To Try To Raise Capital

Bank Of England Tells Lenders To Stay Cautious

Shell Profits Dive 58% In 1Q

Citi And BoA Must Raise Billions In Extra Capital

Unions Could Own 55% Of Chrysler

US Govt May Take Control Of GM

BP Profits Slump 62%

BofA - Who Pays For Its Collapse?

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