Newsroom Headlines

  December 30, 2008 Three Private Investors Seek to Purchase IndyMac The Associated Press reported today that a trio of private investors—J.C. Flowers & Co., Dune Capital Management and Paulson & Co

December 29, 2008 SEC Chief Defends His Restraint Christopher Cox, chairman of the Securities and Exchange Commission (SEC), is defending his restrained approach to the financial crisis, saying he has

December 23, 2008 Commercial Property Industry Seeks Bailout Aid A group of trade associations representing the U.S. commercial real estate industry is lobbying to be included in the Federal Reserve's

T ERI Okayed to Collect Payments The Education Resources Institute Inc. will now be collecting payments on student loans for Sovereign Bank NA and PNC Bank NA. Analysis: Early Nortel Bankruptcy Might

  December 19, 2008 Analysis: Tax Break May Have Helped Cause Housing Bubble A tax break proposed by President Bill Clinton and approved by Congress in 1997 that allowed home sellers to avoid paying

  December 18, 2008 More California Towns Face Bankruptcy While the city of Vallejo, Calif., gained national attention earlier this year by filing for chapter 9 protection, California may soon have

  December 17, 2008 Obama Readying Financial Initiatives The incoming Obama administration is considering a series of initiatives to combat the financial crisis, including injecting more capital into

  December 16, 2008 Total Bankruptcy Filings up 34 Percent, Business Filings Up 61 Percent in Third Quarter The 292,291 total U.S. bankruptcies filed during the third quarter of 2008 (July 1 - Sept

  December 15, 2008 U.S. Regulators Aim to Rein In Credit Card Rates U.S. federal regulators are poised to adopt tough restrictions to make it harder for credit card companies to raise interest rates

  December 12, 2008 Autos Automaker Bailout Bill Fails in Senate The Senate abandoned efforts yesterday to fashion a government rescue of the American automobile industry, as Senate Republicans