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Lawmakers express skepticism about bailing out Detroit, citing the environment, unions and equity for workers at non-U.S. plants in their states. A vote on the issue could come as soon as today.
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November 19, 2008
REAL ESTATE
The median sales price in the region drops to $300,000 in October, dragged down by the large number of foreclosed homes on the market. >>
FINANCIAL CRISIS
The Treasury secretary tells a House panel that he plans to conserve the remainder of the bailout funds for the next administration to spend. >>
AUTOS
The carmaker is introducing six vehicles at the L.A. Auto Show this week and tying up billions of dollars in future product even as its sales tank. >>
Some policyholders believe companies deliberately sold them less coverage than they would need to rebuild. An industry group says the issue is overblown. >>
INTERNET
Enthusiasm on Wall Street is tempered by the problems his successor will face. >>
Money & Co. blog: Dallas Mavericks owner says he never agreed to keep information confidential ahead of stock sale. >>
November 19, 2008
The Standard and Poor's 500 index nears a 2003 low but Hewlett-Packard's strong outlook helps buoy investors. >>
Money & Co. blog: Heavy demand for T-bills in September pushed China's total holdings to $585 billion, eclipsing Japan for the first time. >>
November 19, 2008
Wholesale prices post the biggest drop on record as energy costs dive. >>
Money & Co.: The stock market is sending some signals of trying to stabilize -- but maybe not enough for many nervous investors.
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November 19, 2008
The guidelines are meant to close a loophole that has allowed some huge feedlots to sell their milk as organic, even though their cows rarely graze on fresh grass. >>
Money & Co. blog: He tells Congress that releasing names of banks tapping the Fed for credit would be "unproductive." Bloomberg has sued for the information.
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Labeling should carry more information for patients and doctors on risks, an FDA advisory group says. >>
INTERNET
He had irked shareholders by letting would-be partners Microsoft and Google slip away. >>
Her proposal for mortgage aid puts her at odds with the Bush administration. But it might earn her a place in the next regime. >>
REAL ESTATE
The Orange County city is flooded with cheap foreclosures, giving people previously priced out of the market the opportunity to buy homes that others have been forced to leave. >>
The average pump price in the state falls 18.1 cents to $2.374 a gallon, the lowest since January 2006. >>
AUTOS
The package would be in addition to a $100-billion stimulus proposal, but Republicans -- and time -- are not on their side. >>
ADVERTISING
A new service allows TiVo subscribers to order food through their set-top boxes. >>
The lawsuit could imperil the Internet entrepreneur's bid to buy the Chicago Cubs. >>
FINANCIAL SERVICES
Half the cuts will come through layoffs and the other half through sales of individual business units, a company spokeswoman says. >>
As Treasury secretary, the former Wall Street CEO reverses field on regulation, which he now calls 'necessary.' >>
Issuers of plastic are clamping down to cut potential losses. Paying bills on time doesn't mean you're immune. >>
Industry observers say damage payouts shouldn't pose any difficulty, but the weak global economy could lead to eventual premium increases. >>
The Spanish-language broadcaster posts a $2.9-billion third-quarter loss after writing down assets. >>
The alleged pyramid schemes have sparked disturbances in 12 states. Police are closing financial firms' offices and making arrests. >>
Investments totaling $33.5 billion are added to the rescue program in an effort to shore up lending. >>
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