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NEW YORK -- As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks -- Washington Mutual Inc. -- has collapsed under the weight of its enormous bad bets on the mortgage market.
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WASHINGTON -- The Bush administration and Congress anxiously revived negotiations Friday on a $700 billion financial bailout, one day after the largest bank collapse in U.S. history provided a brutal reminder of the risks of failure.
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WASHINGTON -- A political meltdown followed quickly after the financial meltdown. |
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NEW YORK -- Financial markets remained on edge Friday after the Bush administration's proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers. Stocks ended mixed, with big financial companies lifting the Dow Jones industrials more than 120 points, but worries about smaller banks and parts of the technology sector taking much of the market lower.
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NEW YORK -- As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks -- Washington Mutual Inc. -- has collapsed under the weight of its enormous bad bets on the mortgage market.
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NEW YORK -- Financial markets remained nervous Friday after efforts to approve a $700 billion financial bailout hit a roadblock and Washington Mutual Inc. became the largest U.S. bank to fail. The Dow Jones industrial average fell more than 100 points, while fears of a deepening economic crisis fed safe-haven buying in Treasury notes. |
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Owning a chromed or custom Harley-Davidson is "not about transportation; it's about an experience," says the company's chief executive, James L. Ziemer.
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WATERBURY, Vt. ¬-- Mooove over, Holsteins. PETA wants world-famous Ben & Jerry's Homemade Ice Cream to tap nursing moms, rather than cows, for the milk used in its ice cream.
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