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Forclosed Houses In Mn

Bush: 'Economy in danger'  President Bush, delivering a nationally televised appeal for an unprecedented federal buyout of $700 billion in bad mortgage debts, told a wary nation tonight: "We are in the midst of a serious financial crisis... Without immediate action by Congress, America could slip into a panic... Our entire economy is in danger.'' Tribune editorial: A gut check for the pols McCain: Postpone debate | Bush ...

Cash for $25 billion in loans for automakers near approval  The auto industry is close to winning one of two battles it's been waging in Washington for the past few weeks: Money for a $25 billion direct-loan program for automakers and suppliers was attached to a government-spending bill approved Wednesday by the House of Representatives.

Auto industry to get $25 billion in federal loans  WASHINGTON -- In the next few years, consumers could see the fruits of $25 billion in government loans for the auto industry through a broader lineup of gas-electric hybrid vehicles, new plug-in electric cars and an expansion of fuel-efficient engines.

Sales of preowned homes in West rose in August  Sales of existing homes in the West climbed higher in August versus a year ago, bucking a national trend as buyers snatched up sharply discounted foreclosed properties in California, Arizona and Nevada, according to two reports Wednesday. About 106,000...

Daimler in talks about selling its remaining Chrysler stake  Germany's Daimler said Wednesday it is in talks to sell its remaining stake in Chrysler to private-equity firm Cerberus Capital Management. Daimler spokesman Han Tjan confirmed a report in Germany's Manager Magazin that the company is in talks to sell the 19.9 percent it owns in the U.S.-based automaker. He would give no details. Cerberus said in a statement that it approached Daimler about the ...

Local business in brief: H&R Block on short-selling list  The Home Builders Association of Greater Kansas City reported 304 permits for new single-family homes in August. That was down from 487 the previous August, but up from 279 in July. Area home building activity posted its third consecutive monthly increase since hitting a cyclical low of 219 permits in May.

FOREIGN DIRECT INVESTMENT MAY HAVE PEAKED IN 2007, ANNUAL REPORT REVEALS  Global foreign direct investment FDI inflows rose in 2007 by 30% to reach an all-time high of US$ 1,833 billion, according to the World Investment Report 2008: Transnational Corporations and the Inf

Chevy Chase Bank scores victory in predatory mortgage lending case  A Maryland bank scored a major victory in a mortgage lending case Wednesday when a federal appellate court rejected class-action status for a Cedarburg couple��s suit against Chevy Chase Bank.

Seattle hit with 41% decrease in home sales  Seattle and Portland were among the top 10 metro areas in the nation with the most pronounced drop in sales of existing homes in August versus a year ago, even as other cities in the West bucked a national downward trend, according to two reports Wednesday.

Unemployment on rise in metro Milwaukee  The Milwaukee area continued losing jobs last month while the unemployment rate rose to its highest mark for August in four years, the state Department of Workforce Development reported Wednesday.