A few days ago, Reuters reported that the Obama administration is considering another plan to stave off foreclosures: Rent-to-own.(The administration’s original plan–mortgage modifications–has so far been a disappointment). …
A big story that got a little lost in all the earnings and healthcare headlines this week comes to us out of California. The California Public Employees’ Retirement System (aka CalPERS) – the nation’s largest pension fund – is suing Wall Street&rsqu
GE shares fell Friday morning after the industrial giant reported second-quarter earnings that exceeded expectations but were down 49% from a year-ago while revenue fell $3 billion short of consensus.Profits at the company’s finance unit, GE Capital, fell
The $787 billion stimulus package passed in February was “inadequate,” because the Senate stripped “tens of billions” earmarked for state and local governments, says Congressman Barney Frank, chairman of the House Financial Servi
Wall Street listen up! Don’t be distracted by all this talk of healthcare legislation – the Obama administration is turning a watchful eye in your direction. The White House on Thursday sent Congress a legislative proposal that may shrink company pa