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Scene Stealer: Who Threw the DVD From the Train?
Instead of banking on suddenly shaky DVD sales, Hollywood is beginning to concentrate again on making the kind of films that do well at the box office.
New York Times

Madoff victims line up for refunds
A clearer picture is emerging of how much money might be available to pay back victims of the Bernard Madoff fraud, but while the pot is big it is nowhere near enough to repair all the damage.It includes nearly $1 billion held by Madoff's company and potentially more than $100 million in personal assets that include luxury homes, cars and boats.Several banks, hedge fund managers and others who led clients to Madoff may wind up paying huge settlements to resolve negligence lawsuits. Banco Santander, Spain's largest bank and one of the biggest losers in the scheme, has already offered 1.3 billion euros to defrauded customers.
Topix.net

Home buyers will soon go cold
With just two weeks until daylight saving ends, the race is on for homeowners wanting to sell before the winter market freeze - without losing their shirt in the process.Progressively tightening bank ...
Big News Network

WaMu holding company sues FDIC over assets
Washington Mutual's former holding company is suing federal regulators for billions of dollars, saying the fire sale of the bank's assets to JPMorgan Chase violated its rights. The lawsuit was filed ...
Big News Network

Michael Lewis: Mass hysteria over AIG obscures simple truths
Last September the US government began to dole out the first of $173 billion to american International Group. A big chunk of it passed right through to banks that had bought insurance from AIG against mortgage and corporate defaults foreign banks such as Deutsche Bank and Socit Gnrale but also some domestic ones, such as Goldman Sachs and Bank of america.
Business Standard

Young parents bank on stem cells to safeguard baby`s future health
They do not hesitate to take loans to fund the expenses.
Business Standard

AIG uproar sparks bailout role for Federal Reserve, FDIC
The plan would attack the current failure of the bank rescue effort so far: not ridding banks' of more than $1 trillion in bad loans and other troubled assets.
Houston Chronicle

Worries Voiced Over Economy - NY Times: World
The president of the World Bank said the global economy is on pace to shrink by 1 percent to 2 percent this year.
NewsRack

A slippery place in the U.S. work force - International Herald Tribune: Front Page
Many immigrants from Latin america are learning how uncertain their foothold is in the work force.
NewsRack

Saudi shares edge higher
Riyadh's Tadawul-Index (Tasi) started the week with fresh gains, closing 1.6% higher at 4,470.7 points. All sectors edged higher except hotel and tourism (off 0.78%). Islamic bank Al Bilad (up 9.95%) led the list of gaining shares. Market bellwether and petrochemical giant Sabic also outperformed the Tasi-Index, gaiing 4.73%. Due to oil prices rising over $50 per barrel, investors expect the postive trend to continue.
AME

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Archived "business - bank of america" news stories.

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