Reuters – Bankruptcy judges could cut the mortgage debt of homeowners in bankruptcy court as a last resort to avert foreclosure, under a bill approved by a 234-191 vote on Thursday in the U.S. House of Representatives.
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House approves mortgage bankruptcy overhaul
(Reuters)
March 5th, 2009 · No Comments
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Bank of Canada sees limited risk to Caisse pensions
(Reuters)
March 5th, 2009 · No Comments
Reuters – The Bank of Canada expects Canada’s biggest pension fund manager, Caisse de depot et placement du Quebec, to recover some of its losses over the long term as stock markets recover.Read More… [Source: Yahoo! News: Business]
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Mortgage woes break records again in 4Q
(AP)
March 5th, 2009 · No Comments
AP – Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every 8 American homeowners.
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Asia stocks slide on Wall St woes, fall limited
(Reuters)
March 5th, 2009 · No Comments
Reuters – Asia stocks slid on Friday after a warning from General Motors’ that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major U.S. companies and banks.
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Demand down for foreign worker visas
March 5th, 2009 · No Comments
Kevin Chou has had his fair share of visa woes. For the past two years running, his Silicon Valley social networking start-up, Watercooler, has applied for an H-1B work visa for the same Canadian employee. Both times, the petition lost out in the government’s annual visa lottery, which selected only 85,000 from a pool of [...]
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Mortgage woes break records again in 4Q
(AP)
March 5th, 2009 · No Comments
AP – Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every 8 American homeowners.
Read More… [Source: Yahoo! News: Business]
Tags: Uncategorized
Ford debt offer could put off “day of reckoning”
(Reuters)
March 5th, 2009 · No Comments
Reuters – Ford Motor Co’s new debt tender marked the latest string of corporate debt restructurings designed to help get the automaker on stronger footing amid a prolonged credit crisis.Read More… [Source: Yahoo! News: Business]
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Make your own HD movie
March 5th, 2009 · No Comments
The rise of high-definition video is good news for just about any small business. Whether you’re promoting your new clothing line with clips from a fashion show or sending video progress reports of the house that you’re building for a distant client, it’s easier than ever to shoot breathtaking HD movies and upload them to [...]
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Two banks to return U.S. bailout money: Rep Frank
(Reuters)
March 5th, 2009 · No Comments
Reuters – A senior U.S. lawmaker said in on Thursday he expects two large financial companies that received $8.2 billion of bailout money will repay borrowings, though he did not provide a timeframe for the process.Read More… [Source: Yahoo! News: Business]
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GM auditors raise doubt on viability
(Reuters)
March 5th, 2009 · No Comments
Reuters – General Motors Corp on Thursday said its auditors had raised “substantial doubt” about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.
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