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Mortgage fraud incidents up 45 pct in 2Q (AP)

02-12-2008 14:30

AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.

GM November sales drop 41 percent (Reuters)

02-12-2008 14:24

Reuters - General Motors Corp reported a 41 percent drop in overall U.S. sales for November, saying continued economic uncertainty was hurting consumer confidence.

Wall Street cuts gains after grim GM sales (Reuters)

02-12-2008 14:20

Traders work on the floor of the New York Stock Exchange, December 2, 2008. (Brendan McDermid/Reuters)Reuters - Stocks sharply pared gains on Tuesday after General Motors Corp posted a 41 percent slide in November auto sales, compounding investors' worries about the fate of the embattled U.S. auto industry.

GE to trim finance arm, plans job cuts (Reuters)

02-12-2008 13:42

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles, California in this May 24, 2007 file photo. (Fred Prouser/Reuters)Reuters - General Electric Co plans to scale back its hefty finance arm and cut jobs across its range of businesses as it braces for what it expects to be a worsening economic environment next year, executives said.

Wall Street rallies on GE and financials (Reuters)

02-12-2008 13:42

Traders work on the floor of the New York Stock Exchange, December 2, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rallied on Tuesday as bargain hunters snatched up beaten down shares after Monday's steep sell-off, buttressed by news that General Electric would maintain its dividend.

Ex-AOL boss looking to raise cash for Yahoo bid (Reuters)

02-12-2008 13:23

Reuters - The former chief executive of AOL Jonathan Miller is trying to raise money to buy part or all of Yahoo, according to the Wall Street Journal.

Wall St leaps on bargain hunting, auto hopes (Reuters)

02-12-2008 12:40

Traders work on the floor of the New York Stock Exchange, December 2, 2008. (Brendan McDermid/Reuters)Reuters - Stocks extended their advance on Tuesday, sending benchmark indexes up more than 3 percent, as investors waded back into beaten-down sectors, including financials, following Monday's sell-off.

Ford November U.S. sales down 30.6 percent (Reuters)

02-12-2008 12:07

Reuters - Ford Motor Co said on Tuesday November U.S. sales were down 30.6 percent.

Big Three automaker plans hit congressional desks (Reuters)

02-12-2008 11:47

New trucks are displayed for sale at a Ford dealership in Encinitas, California in this November 11, 2008 file photo. (Mike Blake/Reuters)Reuters - U.S. automakers started to submit plans demanded by Congress as the Big Three's CEOs and lawmakers gird for debate over a $25 billion bailout the industry says it needs to survive.

TransUnion: 3Q mortgage delinquencies shoot higher (AP)

02-12-2008 11:43

AP - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.

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