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AIG, GMAC drive CD rates higher - Detroit Free Press
If there's one place consumers have the upper hand these days, it's as depositors -- especially if they're willing to stash their cash with money losers. The banking units of American International Group Inc., the insurer bailed out by the U.S ...

GMAC files for bank holding status - Myrtle Beach Online
DENVER -- GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would ...

Commercial-Mortgage Bond Risk Rises After Loan Delinquencies - Bloomberg
Nov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses. The cost of default swaps on AAA rated bonds rose 161.8 basis ...

AIG, GMAC Help Drive Up Bank Rates Amid ’Insanity’ for Deposits - Bloomberg
Nov. 17 (Bloomberg) -- American International Group Inc. and GMAC LLC are among money-losing companies whose banking units are paying higher rates than larger rivals to lure depositors, pressuring bank profits needed to offset rising loan losses. AIG ...

How to prepare for retirement - News.com.au
Steer clear of investments that promise huge returns Don't become an ATM for your kids Calculator : Work out a savings plan IF YOU would rather be perfecting your golf swing when you reach retirement age than punching a timesheet, then your 50s are ...

Education News - Yahoo News
PHILADELPHIA - A former Ivy League professor pleaded guilty Monday to making child pornography and lying to government officials, charges that stemmed from his relationship with a Brazilian teenager. DENVER - Diagnosed with post-traumatic stress ...

Phil Gramm: We are not going to have a 1930’s Depression - Naples Daily News
NAPLES — Former Sen. Phil Gramm, R-Texas, reassured a packed audience that the U.S. economy is going to be just fine. Always was, always will be, except for a bump in the road here and there. “It is clear we are going to have a negative fourth ...

Is Japan's 'lost decade' a window to the future? - Globe and Mail
TOKYO -- As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how he ...

Is Japan's ‘lost decade' a window to the future? - Globe and Mail
TOKYO — As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how ...

Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island Advance
Advance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...