Latest News in Home Insurance – Sep 29, 2008
Paulson Must Make $700 Billion Rescue for Banks Work (Update2) – Bloomberg
29 Sep 2008 at 6:05am
Sept. 29 (Bloomberg) — Treasury Secretary Henry Paulson and congressional Democrats hammered out a consensus on spending up to $700 billion to rescue the financial industry. There isn’t consensus on whether it would work. The House is scheduled to …
Senators urge colleagues in Congress to quickly pass compromise … – Chicag…
29 Sep 2008 at 4:10am
WASHINGTON (AP) _ Sen. Christopher Dodd is urging passage of a compromise $700 billion financial industry bailout, saying Congress has no choice but to act now to steady the shaky economy. The Connecticut Democrat said Monday morning that the bill …
Morgan Stanley Gets $9 Billion From Mitsubishi UFJ (Update1) – Bloomberg
29 Sep 2008 at 6:40am
Sept. 29 (Bloomberg) — Morgan Stanley , seeking to shore up investor confidence after borrowing costs climbed and its stock fell by half, agreed to sell a 21 percent stake to Japan’s Mitsubishi UFJ Financial Group Inc. for $9 billion. Mitsubishi UFJ …
Bailout Deal Appears Headed to Vote – ABC News
29 Sep 2008 at 6:48am
President Bush joined key supporters of a Wall Street bailout package today, prodding lawmakers to approve the plan, hours ahead of a difficult House vote expected later in the day. The Senate could take it up later this week. The president makes a …
CFOs React: First Capital’s Mark Hogard – CFO.com
29 Sep 2008 at 5:43am
From his unique perch as the CFO of First Capital, a factoring company that borrows from commercial banks in order to provide asset-backed loans to manufacturers and distributors, Mark Hogard sees the current financial crisis in a way that other …
Same Bailout, New Dynamic – CFO.com
29 Sep 2008 at 5:43am
All the late-night talks, last-minute demands and dramatic pronouncements aside, the fundamental structure of a $700 billion Wall Street rescue plan that Congress spent the weekend wrangling over has not changed significantly from the outline …
Bush confident bailout bill will stabilize economy – Associated Press
29 Sep 2008 at 6:05am
WASHINGTON (AP) — Key supporters of a Wall Street bailout package prodded lawmakers to approve the plan hours ahead of a difficult House vote on Monday, with President Bush saying it is needed to “keep the crisis in our financial system from …
Increasing Need for Network Security Drives Growth in the World Data … – B…
29 Sep 2008 at 2:51am
DUBLIN, Ireland–( BUSINESS WIRE )–Research and Markets ( http://www.researchandmarkets.com/research/7b3170/world _ data _ leakage ) has announced the addition of Frost & Sullivan’s new report “World Data Leakage Prevention Market” to their offering …
Long-term care insurance rises – Chicago Sun-Times
14 Sep 2008 at 5:57pm
Just when America was warming up to the idea of purchasing long-term care insurance to protect family assets from the devastating costs of custodial care, the three largest insurance companies have shaken up the market by raising prices on existing …
INSURANCE GIANT CASTS LARGE MARKET SHADOW – New York Post
16 Sep 2008 at 5:54pm
The Fed’s historic action averting AIG’s possible bankruptcy also contained a global ripple effect in high finance that would have been devastating. AIG’s far-flung insurance policies and pension products for ordinary folks were never the concern …
