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Reports Hint That GM, Cerberus In Talks

Posted: 10/13/2008 - In the midst of tough economic times, there's speculation that General Motors and Chrysler may be considering some sort of merger.

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Qwest Reaches Tentative Agreement With Union

Updated: 10/13/2008 - Qwest Communications International says it has reached a tentative contract agreement on a four-year contract with a union representing about 20,000 employees.

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Bank of America Settles Lawsuit Over Bad Mortgages

Posted: 10/06/2008 - Facing a lawsuit over deceptive mortgage practices, a Bank of America subsidiary will modify tens of thousands of loans to help keep people in 11 states from losing their homes.

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Copyright Board Leaves Royalty Rate Unchanged

Posted: 10/03/2008 - The federal Copyright Royalty Board has left the royalty that songwriters receive on sales of CDs and digital downloads at 9.1 cents per song for the next five years.

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Fannie Mae Backs Off On Fee Hike

Posted: 10/03/2008 - Mortgage finance company Fannie Mae, seized by the federal government last month, is canceling a fee hike for new mortgages.

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Unemployment Report Due Today

Posted: 10/03/2008 - The Labor Department is to release the monthly unemployment report today, and analysts expect that it will show another month of job losses.

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Crude Skids

Posted: 10/03/2008 - Oil prices fell under $94 a barrel today in Asia on economic concerns.

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Crucial House Vote Looms

Posted: 10/03/2008 - A make-or-break second vote today in the House on the 700 billion-dollar financial industry bailout that went down to defeat Monday.

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