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GM, Chrysler making deep cuts to hold on for loans
DETROIT - When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required all checks above $1,000 to be approved by a senior vice president.
People:Nancy Pelosi Activities:2008 Automakers Downturn Source:(AP)
2008-11-21
Pressure on Citigroup builds, shares fall below $4
NEW YORK - Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.
People:Vikram Pandit Activities:Global Financial Crisis Source:(AP)
2008-11-21
FDIC OKs backing for bank debt, deposits
WASHINGTON - The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.
Activities:Global Financial Crisis Source:(AP)
2008-11-21
Obama keeps low profile in auto rescue talks
WASHINGTON - While President-elect Barack Obama publicly sidelined himself during congressional debate over an auto industry bailout this week, he and his top aides quietly prodded congressional leaders to find a solution to rescue struggling automakers. Obama personally talked to congressional leaders, while his new chief of staff, Rahm Emanuel, and congressional liaison, Phil Schiliro, were routinely dialed into conference calls to discuss the status of negotiations.
People:Christopher Dodd Dick Durbin Barack Obama John McCain George W. Bush Activities:2008 Automakers Downturn Source:(AP)
2008-11-21
Witness against Sen. Stevens says he hid the truth
WASHINGTON - One of the government's witnesses against convicted Sen. Ted Stevens of Alaska says he didn't tell the truth on the stand about an immunity deal with the Justice Department in exchange for his testimony. But federal prosecutors said Friday that his current story is the false one.
Activities:Ted Stevens Corruption Case Source:(AP)
2008-11-21
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Matches Shown: | 1-50 | 51-100
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