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By Kevin Krolicki AUBURN HILLS, Michigan (Reuters) - Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car ...
Read moreChrysler: Government loans could head off deeper cost cuts - Reuters
AUBURN HILLS, Mich., Sept 23 (Reuters) - Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car technology ...
Read moreChrysler: Gov't loans could head off deeper cost cuts - Reuters
NEW YORK (CNNMoney.com) -- A massive pile-up in the credit markets is causing serious congestion for new car buyers who want financing, according to industry observers. But some dealers say they're still able to work out deals. "Credit availability ...
Read moreThe squeeze on getting a car loan - CNN Money
HARTFORD, Conn.— Shares of General Electric Co. fell 4 percent Tuesday as an analyst, citing turmoil in the credit market, reduced his per-share earnings estimates. Analyst Deane M. Dray of Goldman Sachs reduced his per-share outlook from $2.22 to ...
Read moreGE down 4 percent as analyst cuts estimate - Boston Globe
WASHINGTON— Financial industry lobbyists joined the Bush administration Monday to press for swift action on the government's planned bailout of the financial markets instead of adding consumer-friendly proposals supported by congressional Democrats ...
Read moreIndustry lobbyists open next phase in campaign - Boston Globe
Sept. 22 (Bloomberg) -- The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities. The U.S. Treasury submitted revised guidance to Congress on its plan ...
Read moreU.S. Widens Scope of Bad-Debt Plan Beyond Home Loans (Update1) - Bloomberg
TODAY I'd like to introduce you to Bad John. He's the guy in the Crudele family who spends all the money. He owes the electric company, the cable provider and the supermarket. All the insurance bills - health, life, car and homeowners - are owed by ...
Read morePAULSON AND BERNANKE AND THEIR 'BAD BANK' FOLLY - New York Post
NEW YORK - Oil prices swung lower Tuesday, falling below $109 a barrel as traders cashed in profits a day after crude rocketed to its biggest one-day gain ever — an epic rally apparently triggered in part by a technical fluke. Still, oil market ...
Read moreOil prices fall on profit-taking after huge rally - CNBC
NEW YORK - The percentage of auto loans that were past due 60 days or more rose 11.5 percent in the second quarter, compared to last year, according to credit reporting agency TransUnion. The rate rose to 0.68 percent of outstanding loans, from 0.61 ...
Read more2Q auto-loan delinquency rate jumps 11.5 percent - AZCentral.com
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress on Tuesday to quickly pass a $700 billion financial bailout, warning that letting problems persist would have dire consequences for the national economy. "We ...
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