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With banks in miser mode, credit markets stay taut - Houston Chronicle

NEW YORK — Stocks are rebounding and a new bailout package could be coming soon, but the credit markets — where day-to-day borrowing occurs to keep the gears of the economy turning — are still stuck. Even relatively healthy businesses are being ...

Business Highlights - Forbes

NEW YORK (AP) - Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to ...

The Credit Crunch: Where Is It Happening? - Time

Digg Facebook Mixx Permalink The tumult at the top of financial markets has not filtered down evenly, but that doesn't mean it's not seeping. There are cracks on Main Street, but whether or not you see them largely depends on where you stand. Just ...

As big banks splutter, a new borrowing model must shift into gear - Times Online

To a treasurer working in a large industrial company, the big banks look like Hummers: overweight, oversized and overengineered vehicles that no longer can afford the fuel that keeps them on the road. They won't lend to anyone who needs money, so ...

St. Paul neighborhood s await funding awards - Minneapolis Star Tribune

Projects have been reviewed and the St. Paul City Council will soon be allocating money for large neighborhood projects, ranging from new playground equipment to new buildings. Nearly $2.6 million has been proposed to be given out in the form of ...

Small businesses pinched by credit crunch - WRAL

Posted: Today at 5:22 p.m. Fayetteville, N.C. — Trickle-down economics is at work at Parnell Pool and Spa, where Wall Street's woes are beginning to hurt a Main Street business. Luxury items like pools – an in-ground pool can cost $22,000 or more ...

Stock market storms back, but credit still tight - Minneapolis Star Tribune

NEW YORK — Wall Street roared back Tuesday on a bet that Congress would find a way to save its massive financial rescue package, but the credit market — the day-to-day borrowing that keeps the gears of the economy turning — remained rusted over ...

Turbulent take-off for taxis - Flight Global.com

In an interview with Flight International a week before its 19 September announcement that it was grounding its aircraft and cancelling future flights, DayJet founder Ed Iacobucci was candid about the air taxi pioneer 's perilous situation. Although ...

With banks in miser mode, credit markets stay taut - Washington Post

NEW YORK -- Stocks are rebounding and a new bailout package could be coming soon, but the credit markets _ where day-to-day borrowing occurs to keep the gears of the economy turning _ are still stuck. Even relatively healthy businesses are being left ...

State rail projects get boost as driving declines - Hanford Sentinel

RICHMOND, Va. - The federal government is chipping in nearly $30 million for 15 passenger rail projects across the country as Americans continue to drive less and take the train more, U.S. Transportation Secretary Mary Peters said Tuesday. Peters ...

Bank-to-bank lending rates jump after House vote against bailout; T ... - Newsday

NEW YORK (AP) _ Stocks are rebounding and a new bailout package could be coming soon, but the credit markets — where day-to-day borrowing occurs to keep the gears of the economy turning — are still stuck. Even relatively healthy businesses are ...

UPDATE 1-Fitch cuts Iceland currency ratings on bank rescue - Reuters

NEW YORK, Sept 30 (Reuters) - Credit rating agencies continued to take action against Iceland and its troubled banks on Tuesday, a day after the authorities took control of the country's third-largest lender following a liquidity crisis. The ...

Stocks surge higher; credit worries persist - Miami Herald

NEW YORK -- Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to ...

A Million Dollar House for 50 Bucks - ABC2 News

The "We Care and Friends organization" is having a charity raffle for a million dollar house, and all you have to pay is 50 bucks. The Annapolis based charity provides funding for long-term and drug and alcohol rehabilitation. The home resides in ...

Ford May Use Cash to Repay $1.5 Billion Due Tomorrow (Update1) - Bloomberg

Sept. 30 (Bloomberg) -- Ford Motor Co. , the second-largest U.S. automaker, probably will repay $1.5 billion in debt coming due tomorrow without tapping a revolving credit line, analysts said. ``We expect them to use cash out of hand to pay those ...

$187 million in bonds to pay for Chesapeake Bay clean-up - WSLS

Governor Timothy M. Kaine today applauded the Virginia Resources Authority’s issuance of Clean Water Revolving Loan Fund Bonds to finance $187,566,687 in wastewater treatment upgrades statewide. The Series 2008 bonds will finance 10 projects in ...

Gov. Kaine Announces Multi-Million Dollar Investment In Chesapeake Bay ... - WTKR

RICHMOND - Governor Timothy M. Kaine Tuesday applauded the Virginia Resources Authority's issuance of Clean Water Revolving Loan Fund Bonds to finance $187,566,687 in wastewater treatment upgrades statewide. The Series 2008 bonds will finance 10 ...

Largest U.S. Bankruptcies - CNBC

The National Priorities Project used data from the Office of Management and Budget to explain how each dollar is spent when it gets into Uncle Sam's hands. Belgian-Dutch bank Dexia won a 6.4 billion euro ($9.18 billion) public bailout on Tuesday and ...

Argentina's Defaulted Bonds Trade at Three-Month High (Update1) - Bloomberg

Sept. 30 (Bloomberg) -- Argentine defaulted bonds traded at a three-month high after the government said it will give creditors a chance to restructure the $20 billion of securities they held out of a 2005 settlement. The government is working with ...

Reliant Energy shares tumble with capital raising - Washington Post

NEW YORK (Reuters) - Reliant Energy (RRI.N) shares plunged as much as 51 percent on Tuesday, a day after the company cut its profit forecast and said it had obtained $1 billion of new financing to replace a credit facility. Reliant, which operates ...

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