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UPDATE: Investors Sue Countrywide Over Modification Plans - CNN Money
NEW YORK -(Dow Jones)- Two investors in mortgage-backed securities sued Bank of America Corp.'s (BAC) Countrywide Financial Corp. on Monday over plans to make up to $8.4 billion in loan modifications as part of a settlement with 15 state attorneys ...

Bad economy offers cheap stocks, cars - Brownsville Herald
McALLEN - The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but that also means prices are falling and it could be a buyer's market for some big-ticket items. And it goes beyond gas prices dropping below ...

Ailing economy opens doors for stock market novices, car buyers - McAllen Monitor
The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but the sluggish economy also offers savings opportunities for saavy consumers. And it goes beyond gas prices dropping below $2 a gallon for the first time ...

Glance-PRESS DIGEST - Financial Times - Dec 4 - CNBC
BA GIVEN ULTIMATUM BY IBERIA The Spanish airline Iberia has informed British Airways that it must make a straight choice between itself or Qantas as its future merger partner, as it would be "too complex" to explore both options. The chief executive ...

Sound off on Vazquez deal - Atlanta Journal Constitution
The entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...

Slash interest rates now to stave off depression - Times Online
Nobody can dispute any longer, as I rashly did two months ago, that we are living through the worst financial crisis of our lifetimes. Historians can argue about the causes of the near-collapse of almost every bank in the world - a catastrophe never ...

HSBC will not pass on Bank's rate cut - Times Online
Homeowners' hopes of relief from the financial crisis were dashed last night as Britain's biggest bank cautioned that it was unlikely to give them the full benefit of this week's expected cut in interest rates, and another bank prepared to put up its ...

House prices dive 15% in record drop - Times Online
British house prices fell by a record 15 per cent in the year to October as the country's deteriorating economy wiped £30,000 off the value of an average UK home. On a monthly basis, house prices fell by 2.2 per cent between September and October ...

Hopes high for rate cut but inflation fears haunt MPC - Times Online
In the four long and tempestuous weeks since the Bank of England's interest-rate-setting Monetary Policy Committee (MPC) last met, the economic landscape of Britain and the world has been radically transformed. The dramatic financial turmoil that has ...

Citibank's "Sweet Deal" From Government - CBS News
E-Mail Story (CBS/AP) The U.S. government unveiled a $20 billion rescue plan on Sunday for troubled banking giant Citigroup, once the country's biggest and strongest financial institution. The action, announced jointly by the Treasury Department, the ...



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