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Citigroup loses nearly $10 billion
Los Angeles Times Staff WritersThe sub-prime mortgage crisis hit Wall Street with full fury Tuesday as Citigroup Inc. reported a nearly $10-billion fourth-quarter loss, and both Citigroup and Merrill Lynch & Co. got cash infusions to shore up their financial stability. Citigroup...Tags: Loans, Layoffs and Downsizing, Credit and Debt, Mutual Funds, Companies and Corporations
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Sub-prime subplots
BY NOW, MOST OF US know that sub-prime mortgages are hurting many homeowners. But economists have warned that they could have repercussions for the broader economy too. Those warnings came to life this month when two hedge funds run by the Wall Street...Tags: Stock Activities, Stock Broking, Bonds, Homes, Mutual Funds
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Mortgage relief plan advances
Los Angeles Times Staff WritersSenate Democratic and Republican leaders reached agreement Wednesday on a multibillion-dollar package to address rampant foreclosures and other problems stemming from what may be the worst housing slump since the Great Depression. The compromise measure,...Tags: House Building, Real Estate Buyers, Financial and Business Services, Tax Credits, Homes
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AOL looks for a Bebo bump
Los Angeles Times Staff WriterAOL has a new buddy: Bebo. After several months of negotiation, Time Warner Inc.'s AOL agreed Thursday to buy the social networking site for $850 million, part of its bold strategy to grab a greater share of online advertising. Analysts say it's a...Tags: Sociology, Time Warner Inc., Mergers, Acquisitions and Takeovers, MySpace, Mark Zuckerberg
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The missing parts to get Detroit roadworthy again
President Bush saved thousands of jobs in the U.S. automobile industry last week when he agreed to provide General Motors and Chrysler with $13.4 billion from the Troubled Asset Relief Program. The low-interest loans will keep the two manufacturers from...Tags: General Motors Corp., George W. Bush, Career and Workplace, Freddie Mac, Employees
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Relief or a raw deal?
Today, Leonard and Thornberg debate the extent to which the government should facilitate loan modifications to prevent foreclosures. Previously, they discussed the public's reluctance to support federal assistance for troubled borrowers and regulating...Tags: Apartments, Henry Paulson, Federal Reserve, Real Estate Buyers, Financial and Business Services
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A new Great Depression? It's different this time
Los Angeles Times Staff WriterDysfunctional capital markets, frantic central banks, stressed-out consumers, fear and uncertainty -- all are alarming echoes of the global economic cataclysm of the 1930s. Which raises the inevitable question: Could another Great Depression be lurking...Tags: Credit Ratings, History, Ben Bernanke, Career and Workplace, Financial and Business Services
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Wall Street bailout?
Thornberg and Green conclude this week's Dust-Up with a debate on the recent Bear Stearns deal. Previously, they discussed the public's reluctance to support federal assistance to borrowers, payday lender regulation and to what extent the government...Tags: Loans, Business Enterprises, Federal Reserve, Investments, Financial and Business Services
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Rx for our financial crisis
Call it "a bailout in every pot": Having poured money into storied Wall Street institutions and major banks, the federal government is considering more aid for homeowners who are defaulting on their mortgages, along with billions in loans to help two U.S....Tags: Financial and Business Services, Freddie Mac, Money and Monetary Policy, Fannie Mae, Financial Markets
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First Mariner's Hale retires
Edwin F. Hale Sr., the Baltimore trucking magnate and developer, said Friday that he has retired as chief executive and chairman of First Mariner Bancorp — the banking company he built, only to scramble in the housing market collapse and recession...Tags: Loans, Shareholders, Real Estate Sellers, BWI Thurgood Marshall Airport, Financial and Business Services
Feb 1, 2012
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Jan 16, 2008
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Jun 28, 2007
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Apr 3, 2008
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Mar 14, 2008
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Dec 23, 2008
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Mar 27, 2008
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Mar 20, 2008
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Mar 28, 2008
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Oct 31, 2008
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Apr 10, 2008
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Dec 23, 2011
|Story| Baltimore Sun
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