News

2008

October

04
  • Rescue sweetened with tax incentives. The House of Representatives yesterday approved $107 billion in tax breaks for businesses and consumers as part of a sweeping financial rescue package designed to stave the credit crisis. Saddled onto the 450-page bill is a
  • New law seeks to limit executive compensation. In the first significant attempt by Congress to legislate executive pay, the $700 billion financial rescue plan signed into law yesterday includes efforts to rein in the use of "golden parachutes," banning the giant windfalls in
03
  • California may need emergency $7 billion loan. California may need an emergency loan of up to $7 billion from the federal government within weeks, the Los Angeles Times on Friday quoted Gov. Arnold Schwarzenegger as saying in a letter to Treasury Secretary Henry
  • Wells Fargo to acquire Wachovia. In an abrupt change of course, Wachovia Corp. said today it agreed to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, wiping out Wachovia's previous plan to sell its banking operations to
02
  • No silver bullets here. To hear it from critics on the left and right, the Bush administration and legislative leaders were in such a rush to pass a "$700 billion bailout for Wall Street" that they failed to consider much
01
  • La economía familiar y la crisis. Muchos norteamericanos están observando nerviosamente los grandes altibajos de la Bolsa de Nueva York tratando de detectar indicios del colapso de Wall Street, pero ahora son los opacos mercados crediticios los que más

September

29
  • Bailout plan's effect not expected to be swift. The tentative agreement Sunday on a $700-billion financial system rescue package would provide a badly needed psychological boost on Wall Street but wouldn't be an immediate panacea for the economy or housing market, experts predicted.
  • Bailout bill to go to House. Saying the nation's economy is on the line, congressional leaders are pushing for a vote today on a $700-billion plan to end the financial system's paralysis and protect taxpayers from having to bear the cost.
  • What's next for WaMu customers?. These are nail-biting times for bank customers. On Thursday, the Federal Deposit Insurance Corp. seized the assets of Washington Mutual, the nation's largest savings and loan, and brokered the sale of the company to
  • Economy: Poll finds Americans gloomier, for now. As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word "depression." In
27
  • Two families find a little change can save a lot. Bruce and Jennifer Pivnick slashed their insurance costs without reducing their coverage. Mitzi and Jimmie Walker discovered that food cooked at home tastes as good as take-out and costs a lot less. And in the
26
  • WaMu sold to Chase. In the biggest bank failure in U.S. history, Washington Mutual Bank was seized late Thursday by federal regulators and immediately sold to JPMorgan Chase & Co. for $1.9 billion. Customer deposits will be secure, regulators said,
23
  • Aetna to let outside doctors decide. Aetna Inc., the third-largest U.S. health insurer, will let outside doctors decide whether to cancel coverage for sick customers suspected of obtaining policies through false or incomplete information. The Hartford, Conn., company will give
  • Registry for wrecks back on track. On Monday a federal judge ruled in favor of consumer groups and gave the government a deadline to finally implement a law Congress passed in 1992. Three consumer groups sued Attorney General Michael B. Mukasey in
  • The Crisis and your pocketbook. The government's complicated financial intervention has left many everyday consumers and investors curious about the impact on their pocketbook. Today, The Post is starting a feature that attempts to answer some timely personal finance questions.
22
  • Seguros de salud privados. En un mercado muy competitivo, en el que los prospectos de los seguros de salud usan un lenguaje complicado y técnico (y los vendedores sólo van a decirte el mínimo requerido), vale
20
  • Wall St. credit turmoil felt on Main St.. Credit for consumers and companies alike was choking to a halt as the crisis on Wall Street intensified earlier this week. But when word of a government bailout for financial institutions began to circulate yesterday,
18
  • AIG Insurance: How am I affected?. The financial problems at American International Group Inc. may be causing you great concern if you hold an AIG life, health, home or auto insurance policy, or have an annuity with the company. Insurance industry
  • How safe is your money fund?. The strains on the Reserve Primary Money Market Fund have prompted investors to ask whether their own money-market funds could be at risk. Money-market funds are not insured or guaranteed by the Federal Deposit Insurance
16
  • What market tumult means for us. The stunning events rattling the financial markets are raising a lot of questions about the average person's finances. We talked to several experts to find some answers. Q: What if I have a life insurance
 

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