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Morgan Stanley, Wachovia in talks about a possible deal, according to reports NEW YORK - Morgan Stanley and Wachovia Corp. are in talks about a possible combination as the investment bank tries to come up with ways to survive the ongoing credit crisis, according to media reports.
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U.K. Mortgage Giant HBOS in Merger Talks LONDON, Sept. 17 -- Britain's biggest mortgage lender, HBOS, severely bruised by the global credit crisis and facing concerns that it might collapse, was in merger talks Wednesday with Lloyds TSB.
Guilty plea in San Diego home loan fraud case SAN DIEGO - An Oceanside man has pleaded guilty to using the identities of other to obtain about $1.8 million in fraudulent home loans. Prosecutors said Wednesday that 63-year-old Robert Decker entered a guilty plea Tuesday in San Diego Superior Court.
After Hours: WaMu, Wachovia lead financials higher in late trading Washington Mutual Inc. is among the financial firms whose shares edge higher in late trading, with a surge in shares of the consumer-banking giant following a report that it has put itself up for sale.
Housing construction in United States plunges 6.2 per cent in August WASHINGTON - Construction of new homes and apartments in the United States fell to the weakest pace in 17 years in August, far more than expected, but lower mortgage rates and tax credits have given builders some glimmers of hope of a possible rebound.
Ford cites LAP makeover in seeking federal aid As Ford Motor Co. lobbies intensely for $25 billion in low interest government loans to buoy U.S. automakers, Ford says its plan to build small cars at Louisville Assembly Plant is the kind of investment such a federal infusion would help fund.
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McCain visits Mich. auto plant before town hall in Grand Rapids Republican presidential candidate John McCain used a stop at a Detroit-area General Motors Corp. plant Wednesday to pledge his support to a loan package for domestic automakers he���d previously looked at with a skeptical eye. Speaking to about 100 workers at the Orion Township plant in Oakland County where Chevrolet Malibus and Pontiac G6s are produced, McCain said he backed a plan in ...
WaMu investor agrees to take dilution, allows possibilty of a sale Ailing Washington Mutual moved into a better position to find a reprieve or rescue from its mounting loan problems Wednesday after a major investor removed a potential stumbling block to a sale or another infusion of capital.
Michigan���s jobless rate rises to 8.9 pct in August Michigan���s unemployment rate rose to 8.9 percent in August, according to a monthly report released Wednesday. That���s up from 8.5 percent in each of the previous three months, which already ranked as worst in the nation. The national jobless rate for August was 6.1 percent. Michigan has had the nation���s highest average annual jobless rate since 2006. The seasonally adjusted August ...
Reports say investment bank Morgan Stanley and Wachovia in talks NEW YORK - Morgan Stanley and Wachovia Corp. are in talks about a possible combination as the investment bank tries to come up with ways to survive the ongoing credit crisis, according to reports.
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