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Italian union rethinks foreign buyer option for Alitalia
Italy's biggest labour organisation, which refused to accept a deal to save Alitalia from bankruptcy, was reported Saturday to be reconsidering the option of a sale to a major foreign company.
The Pieces of the Package
Awaiting congressional approval: Creation of a program to buy troubled mortgage securities from Wall Street. Announced yesterday: Insurance for money-market mutual funds. Fannie Mae and Freddie Mac will buy more securities that back mortgages. Treasury will expand its program to buy the same type...
Administration Is Seeking $700 Billion for Wall Street Bailout
The Bush administration is requesting virtually unfettered authority for the Treasury to buy up to mortgage-related assets.
Insurance stocks rally on government's moves
Shares of insurance companies finished mostly higher Friday -- after extending a rally that began Thursday -- as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt.
Not a Bailout, but $25 Billion for Oil Independence
This might seem a bad time to ask Uncle Sam for money. The government is feeling a tad tapped-out after launching multibillion-dollar rescues of mortgage giants Freddie Mac and Fannie Mae and drafting plans to spend $85 billion to save global insurer American International Group from default.
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Insurance stocks rally on government's moves
CHARLOTTE, N.C. Shares of insurance companies finished mostly higher Friday _ after extending a rally that began Thursday _ as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt.
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Fire Log
Frisco fire log from Sept. 1 to 7, compiled by Ann Marie Shambaugh from information provided by the Frisco Fire Department. 8:08 a.m. Medical emergency reported at Main Street.
Lennar to hold Great American Dream Home sale this weekend
Lennar is inviting all prospective homebuyers to "Live the American Dream" Sept. 20 and 21 at their premiere Great American Dream Home Sale, where buyers can take advantage of dream pricing, dream financing through Universal American Mortgage Co. and dream inventory, including 23 special showcase homes with upgraded landscaping and designer interior finishes.
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City To Consider Changing Land Sale Ordinance
From P&D Staff Reports The Yankton City Commission will introduce an ordinance amendment Monday that would change the requirements for the sale of city real estate.
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Bush To Ask Congress For $700 Billion As Part Of Bailout Plan
President George W. Bush will ask Congress for $700 billion to buy bad mortgages as part of his economic bailout plan, the Associated Press reported today.
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