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Odessa American in Odessa, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 30, 2009

Page

6

Energy firms eye Wixom Ford plant for giant green park

Xtreme Power of Texas and Clairvoyant Energy of California propose buying the 320acre Wixom Assembly Plant, closed in 2007, to create North Americas largest renewable energy hub with at least 2800 local jobs. They seek state tax breaks and federal loan guarantees to repurpose space for energy storage, solar and wind, plus an on site university.

Lansing Mich Ford Motor Co Detroit Michigan Kevin Hinkley Wixom Xtreme Power Kyle Texas Clairvoyant Energy Santa Barbara Calif Ford Xtreme Clairvoyant Carlos Coe

Meltdown 101: Bank failures surge amid housing crisis

Washington reports a grim wave of U S bank failures as 83 banks collapse this year, the largest yearly total since the early 1990s. Delinquencies rise on commercial real estate and prime home loans, with Colonial Bank's collapse marking a major blow and regulators flagging 416 banks on the problem list.

Washington U.S Federal Deposit Insurance Fund Colonial Bank Montgomery Ala Federal Deposit Insurance Corp Colonial Bb&t Corp FDIC S&l

Banks Face Widening Crisis With More Failures Feared

At a glance the crisis could push 100 to 300 more banks into failure while the FDIC flags over 400 banks as troubled. Officials warn the sector remains under stress as confidence frays and institutions search for liquidity and stronger capital.

FDIC

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