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Union home equity loans news:

Ford says CEO will work for $1 to get loans - Associated Press
WASHINGTON (AP) -- Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have ...

Big Three automakers to submit plans to Congress - Associated Press
WASHINGTON (AP) -- Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...

Local Auto Dealers Watching Bailout Plea - WKYT 27
WASHINGTON (AP) - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive ...

ID theft ring targeted N.J. home equity lines of credit - Newark Star-Ledger
Four men were arrested yesterday in connection with an international identity theft scheme that siphoned at least $2.5 million from home equity lines of credit at dozens of banks, including at least 11 in New Jersey, authorities said. The suspects ...

Capital levels too low at some credit unions - Minneapolis-St Paul Business Journal
While many Twin Cities credit unions are in strong financial shape, some of them are struggling to cope with rising levels of bad debt. Four metro-area credit unions, including City-County Federal, have capital ratios that have fallen below what ...

GM, Ford, Chrysler CEO Jobs May Hinge on Bailout Plan (Update3) - Bloomberg
Dec. 1 (Bloomberg) -- General Motors Corp. Chief Executive Officer Rick Wagoner and his counterparts at Ford Motor Co. and Chrysler LLC will put their jobs on the line this week when they try to convince Congress they can save their companies. U.S ...

G.M. Accepts Need For Drastic Cuts To Get U.S. Aid - Free Internet Press
General Motors, increasingly desperate for a federal bailout to stave off financial collapse, told Congress on Tuesday that it was willing to drastically shrink every aspect of its operations to ensure its long-term survival. On the same day that the ...

Publisher: Strib 'surival' requires $30 million cut - Minnpost.com
In a memo this afternoon, Strib publisher Chris Harte is giving his paper's unions six weeks to ratify $20 million in cuts, on top of $10 million from non-union expenses. "The survival of the company is at stake," he writes. For months, Harte has ...

Holding A Candle To Buffett - Forbes
Like everyone else, Warren Buffett 's equity portfolio, year-to-date, has sustained serious damage. Not to worry! Unlike headmen at banks, brokerage houses and insurance conglomerates, nobody's throwing Warren out of his house (I assume no mortgage ...

GM Board Reviewing Wagoner’s Plan to Save Automaker (Update1) - Bloomberg
Nov. 30 (Bloomberg) -- General Motors Corp. ’s board is meeting in Detroit to discuss a rescue plan to present to Congress in two days that may determine if Chief Executive Officer Rick Wagoner can save the company and keep his job. Directors ...