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CHICAGO - President-elect Barack Obama announced support Sunday for a short-term government bailout of the nation's carmakers that is tied to industry restructuring. He also accused auto executives of a persistent "head-in-the sand approach" to long ...

Obama suggests some auto execs should lose jobs - Waterloo Cedar-Falls Courier

Dallas won't escape a painful global recession that's slashing jobs, savings and consumer confidence, and the slump could endure for two more years. That was the consensus of 11 area business leaders who gathered Monday for an economic summit hosted ...

11 area business leaders predict economic slump will affect Dallas - QuickDFW.com

AMERICA’s beleaguered carmakers were given a breathing space this weekend after lawmakers signalled they would approve an interim $17 billion (£11.6 billion) loan package. Final confirmation of the loan, which will come from funds set aside for ...

Detroit’s big three secure $17 billion rescue package - Times Online

WASHINGTON: White House and congressional negotiators sought on Sunday to remove remaining differences over an emergency rescue for the US auto industry, a wounded giant of the struggling American economy. Prodded by shock US unemployment figures ...

Bush, Democrats seek to finalize auto bailout - Economic Times

American Congress is preparing for a showdown over a loan to rescue American carmakers from the brink of collapse as pressure mounted for a major remake of the US car industry. Democrats said a deal was imminent after a weekend of negotiations with ...

US auto rescue plan heads to Congress - West Online

WASHINGTON — The head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Big Three put the final touches on stabilization plans to submit to Congress. "We cannot afford to see these companies fail ...

UAW chief pushes loan for Big Three - Denver Post

WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Records show Bush administration diluted loan rules before crash - Newsday

Atlanta-area real estate investors, like their counterparts around the country, say a new four-loan limit is keeping good buyers away from foreclosed properties — and could actually prolong the recession. The new policy, which limits to four the ...

Real estate investors decry four-loan limit - Atlanta Journal Constitution

Wagon, controlled by Wilbur Ross, the US entrepreneur, employs 4,500 throughout Europe but the British operation is heading for administration following a breakdown of talks with banks to provide additional finance. The refinancing stalemate and ...

Mandelson faces deeper motor industry crisis - Daily Telegraph

WASHINGTON - LAWMAKERS on Sunday braced for a showdown over a multi-billion-dollar rescue for US automakers on the brink of collapse, as pressure mounted for a major remake of the car industry. Democrats said a deal was imminent after a weekend of ...

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