Published Monday, October 6, 2008
Bank of America agrees to $8.4 billion settlement
SPRINGFIELD, Ill. (AP) - Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes.
Ford gives car control to parents
DETROIT (AP) - So you think Junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it.
Americans wary despite rescue
The Associated Press
Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn’t yet trickled down to the pubs, storefronts, car lots and malls of Main Street.
Fed urges split of Wachovia
NEW YORK (AP) - Federal Reserve officials have been pushing for Citigroup Inc. and Wells Fargo & Co. to reach a compromise over Wachovia Corp., according to a media report.
Treasury plans to increase debt auctions
WASHINGTON (AP) - The Department of the Treasury said today it will increase its debt auctions to handle the $700 billion rescue program for the U.S. financial system.
EBay announces it will cut 1,000 jobs
SAN JOSE, California (AP) - EBay Inc., which still reaps big profits but has been struggling to attract new users, said today it will cut about 1,000 jobs in an attempt to streamline its business. The cuts amount to 10 percent of eBay’s work force.
Layoffs slated for Kraft operations
NORTHFIELD, Ill. (AP) - A spokesman says Kraft Foods is slated to announce layoffs in its North American operations, a cost-cutting move that could result in the loss of several hundred jobs.
InBev owners to buy chunk of new shares
BRUSSELS, Belgium (AP) - Brewer InBev SA said today its major shareholders expect to buy up about one-tenth of new shares being issued to help pay for a $52 billion takeover of Anheuser-Busch.
GAS PRICES TODAY
Changes demand look at finances
McClatchy Newspapers
DALLAS - There are very few life occurrences that don’t have some sort of connection to money.
DEBT ADVISER
Pre-wedding talk on money is a must
By STEVE BUCCI
bankrate.com
My boyfriend - a potential fiancé - and I have very different
financial situations. I am worried these differences might interfere with our
relationship.
