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business - "credit"
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As crisis deepens, business loans dry up‘I pray daily that the bank doesn't call up and say “We're going to call in your credit line'”
Irish Economy Sinks Into RecessionThe Republic of Ireland has become the first European Union economy to be pushed into recession by the credit crunch. Irish gross domestic product (GDP) shrank by 0.5% in the second quarter compared...
McCain may back alternative to bank bailoutU.S. Sen. John McCain, R-Ariz., may be throwing a monkey wrench into efforts to pass a $700 billion bank bailout, instead favoring alternative plans that looks to free up capital and credit markets via tax and regulatory relief while allowing financial institutions to temporarily skip dividend payments to shareholders.
JPMorgan buys WaMuJPMorgan Chase acquired the troubled thrift Washington Mutual Inc., the Federal Deposit Insurance Corporation announced late Thursday, marking yet the latest stunning development in the ongoing credit crisis.
Credit Crunch Affects Car LoansLenders are tightening their pursestrings, crunching the credit of consumers before they can get a loan. This not only puts consumers in a bind but it's also particularly tough on dealerships that find themselves with quite a bit of inventory.
Bailout deal nears, but will it work?After a frantic week of negotiations, Congress and the White House are nearing agreement on a plan to quell the panic gripping the credit market. But will it work?
Goodyear draws $600m from credit linesGoodyear Tire & Rubber has been forced to draw $600m from its bank credit lines as a result of its inability to gain quick access to cash invested with Reserve Primary Fund, the troubled money market mutual fund
How to build an emergency fund in tough times (AP)A sudden financial jolt -- such as the wave of layoffs that recently rattled the lives of some wall street workers -- could leave you scrambling to pay rent and eking by on credit cards.
Fortis suffers amid liquidity speculationBelgium felt the full force of the credit crunch as fevered selling gripped shares in Fortis, prompting the Belgo-Dutch bank to issue a fresh denial of market rumours about its financial position
Mexican, Brazilian Stocks Down As U.S. Bailout Is DebatedMexican and Brazilian equities fell Monday, with investors cautiously assessing the U.S. government proposal seeking to end the financial crisis that has gripped the global credit markets.
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Archived "business - credit" news stories.
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