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New York Mayor Proposes Budget Cuts New York's mayor proposed cuts in jobs and benefits and a higher sales tax to close a looming $4 billion budget gap. WSJ.comUPDATE 1-Sovereign Bancorp bought by Spain`s Santander NEW YORK, Jan 30 (Reuters) - The Spanish bank BancoSantander SA completed its takeover on Friday ofSovereign Bancorp Inc by acquiring the portion of thelargest U.S. savings and loan that it did not already own. ReutersEconomy, bank woes drag market to worst January ever NEW YORK (Reuters) - Stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted at the fastest pace in nearly 27 years in the fourth quarter. ReutersTroubled economy, bank fears hit Wall St NEW YORK (Reuters) - U.S. stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted at the fastest pace in nearly 27 years in the fourth quarter. ReutersOnce a hot spot, Eastern Europe could face financial crisis NEW YORK (MarketWatch) -- Once a booming investment destination, Eastern Europe is now in serious trouble, and some fear it's poised to suffer its own version of Asia's financial crisis. Big News NetworkAccounting rules revised The accounting industry in New York state is about to be reshaped now that Gov. David Paterson has signed into law a series of accountancy regulation reforms. bizjournalsFreddie Mac offering rents to foreclosed borrowers NEW YORK (Reuters) - Freddie Mac, the second-largest provider of funding for home mortgages, on Friday said it would offer leases to borrowers who lose their homes under foreclosure. Big News NetworkNew York - the next housing bust? The Masters of the Universe have been dethroned. Now the question is just how much Wall Street's meltdown is going to hurt the city of New York and, by extension, its high-priced housing market. CNNWall St. slides as economy falters NEW YORK (Reuters) - Stocks closed out their worst January ever with another slide on Friday after data showed the economy contracted in the fourth quarter at the fastest pace in nearly 27 years. ReutersStreet Losses May Top $47 Billion New York's mayor said Wall Street firms are expected to lose $47.2 billion for 2008 and even more in 2009. Economic woes may force the city to cut some 20,000 jobs. Wall Street Journal1 2 3 4 5 |
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