Newsroom Headlines

  May 16, 2008 Senators Continue Work on Housing Plan Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Sen. Richard Shelby (R-Ala.) continue work on a deal that would help homeowners facing

May 15, 2008 CBS Agrees to Buy CNET CBS Corp. agreed to acquire online news provider CNET Networks Inc. for about $1.8 billion, the Wall Street Journal reported today. CNET shareholders would get $11

  May 14, 2008 April Foreclosures Hit New High RealtyTrac, a foreclosure-listing service, said that foreclosure filings for April rose 65 percent on a year-to-year basis and 4 percent from March, as

  May 13, 2008 U.S. Trustee Program Resumes Debtor Audits The U.S. Trustee Program announced Friday that it resumed its designation of cases subject to audit effective as of yesterday. The USTP in

  May 12, 2008 Autos Delphi Asks Court to Increase Bankruptcy Loan by $254 Million Delphi Corp., the bankrupt former parts subsidiary of General Motors Corp., asked the court to approve a $254 million

  May 9, 2008 House Passes Mortgage Aid Bill Despite Veto Threat The House of Representatives yesterday approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure

  May 8, 2008 Judge Rejects Countrywide Plan to Settle Suit on Foreclosure Bid Bankruptcy Judge Thomas Agresti rejected Countrywide Financial Corp.'s proposal to settle accusations that it fabricated

  May 7, 2008 Bush Administration Threatens Veto of Housing Stimulus Package          As the House of Representatives votes on its housing stimulus package today, the Bush Administration issued a

  May 6, 2008 Business Bankruptcy Filings Increased 49 Percent in April U.S. business bankruptcy filings in April increased 49 percent from a year earlier, the biggest gain so far this year, according

  May 5, 2008 Wall Street, Lenders Face Subprime Scrutiny Federal prosecutors are stepping up their scrutiny of players in the subprime-mortgage crisis, with a focus on Wall Street firms and mortgage