Harold Maass of The Week The Best of Today's Business

Bailout Ripples, Belgian Bank Buoy

2008-09-30 07:59:21

The House's rejection of the $700 billion bailout is felt around the world. Belgium and France step in to save another lender. And a Sun sets in New York. ...Read full article

Banking on a Bailout, Europe Joins the Party

2008-09-29 08:13:16

As Congress approaches the bailout vote, credit markets are still frozen. Belgium and the Netherlands bail out Fortis, and Britain takes over Bradford and Bingley. And Detroit gets $25 billion, which doesn't look so bad these days. ...Read full article

Cash Taps Opened, WaMu Closed

2008-09-26 08:02:55

Central banks pump cash into a lending wasteland. Washington Mutual logs the largest-ever bank failure, and JPMorgan scores a deal. And while some people fear a crash, others embrace one. ...Read full article

Bailout Takes Shape, WaMu Speed-Dates

2008-09-25 08:05:38

The $700 billion Wall Street bailout nears its final shape, with more cooks invited into the kitchen. Washington Mutual looks to buyout firms, as banks balk. And the U.S.'s gas tank is getting slightly closer to empty. ...Read full article

Chrysler Charges Up, Buffett Jumps In

2008-09-24 01:07:11

Chrysler jolts the auto world with three working electric cars. Warren Buffett votes for Goldman Sachs with $5 billion of his dollars. And Vespas are riding rough over other types of vehicles. ...Read full article

Singapore Wants More, The Bailout Cometh

2008-09-23 08:09:29

Singapore's sovereign wealth fund shifts to where the money is: in emerging markets. Congress and the Bush administration get closer to a bailout plan. And Lehman and AIG employees have at least one happy hour. ...Read full article

Regrowing Commodities, Wall Street's End

2008-09-22 08:04:12

With the big Wall Street bailout coming, commodities are climbing back up. Goldman Sachs and Morgan Stanley opt to become better-regulated banks, ending the gilded investment banking era. And the credit crunch hits Mary Poppins. ...Read full article

Shorting Out Shorts, Mopping Up A Mess

2008-09-19 07:49:24

The SEC and U.K. regulators ban short-selling, and the markets rejoice. The U.S. starts work on a big plan to mop up toxic mortgage-backed assets. And Japan's naked bathers find themselves in an energy fight. ...Read full article

Global Cash Flood, British Bank Wedding

2008-09-18 08:05:35

Central banks make a coordinated push to grease the wheels of finance, with $180 billion in extra liquidity. Britain's Lloyds TBS buys mortgage lender HBOS for $22 billion. And taxpayers will lose, or gain, billions in the AIG bailout. ...Read full article

Confidence Slides, AIG Slips Under

2008-09-17 08:05:55

Global economic confidence has seen better days, according to Bloomberg. The U.S. bails out AIG, averting a possible global meltdown. And an Australian pizza delivery man finds that time isn't money. ...Read full article

Treasury's Teaching Moment, HP Slims Down

2008-09-16 07:53:04

The Treasury Department, coincidentally, launches a kids' program on credit management today. HP lays off almost 8 percent of its workforce as it folds in EDS. And selling Merrill is good business for some of its fresh hires. ...Read full article

Financial Earthquake, Lehman Loses

2008-09-15 08:00:18

Central banks gear up to stem the damage from the collapse of Lehman Brothers and the capitulation of Merrill Lynch. Hallmark sees profit in gay marriage. And Electronic Arts decides to go it alone, without committing Grand Theft. ...Read full article

Pilot Problems, Lehman Leaving

2008-09-12 08:08:23

As airlines demand more productivity, pilots might be getting dangerously fatigued. Lehman Brothers starts shopping itself around, with some help from the U.S. government. And Australian actors seem to be a bad investment these days. ...Read full article

Cerberus's Dodge Bet, A Wall Street Tax Dodge

2008-09-11 08:02:02

Cerberus hopes the new Dodge Ram will return Chrysler to profitability. A Senate panel accuses Wall Street banks of aiding foreign tax dodgers. And San Antonio is trying to turn feces into fuel. ...Read full article

Ditching Rich Depositors, Losing Korean Cash

2008-09-10 08:14:53

Warren Buffett stops insuring large bank deposits. Lehman Brothers loses a Korean lifeline, but has other sales up its sleeves. And bad thieves are stealing 'good luck' trees in Hong Kong. ...Read full article

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