Mortgage meltdown and foreclosures rise amid credit crunch
WASHINGTON President Bush sought to reassure markets as the Fed injected 3.75 billion into the system amid a spreading credit crisis. Treasury Secretary Paulson pledged to navigate the turmoil while officials note a stronger economy fundamentals and liquidity. In July foreclosure filings rose 93 percent year over year to 179,599, with California Florida Michigan Ohio and Georgia driving nearly half the activity. Nationwide rate stood at one filing per 693 households.
MENTIONED IN THIS ARTICLE
Washington
Bush
Federal Reserve
Wall Street
Montebello
Quebec
Canada
U.S
Treasury
Henry Paulson
Los Angeles
RealtyTrac Inc
California
Florida
Michigan
Ohio
Georgia
Tribune buyout approved by shareholders at Tribune Tower
Shareholders approved an 8.2 billion dollar buyout of Tribune Co to take the media firm private under an employee stock ownership plan. The vote, 97 percent of voting shares, came as unions warned employees will lack a formal role in management and concerns about operating in a debt heavy newspaper market persist. The deal led by billionaire Sam Zell awaits federal clearance and financing.
MENTIONED IN THIS ARTICLE
Chicago — Tribune Co
Tribune Tower
Tribune
Sam Zell
Arm Spirit Machines Recalled After Arm Breaks
Atlus Co pulls 150 Arm Spirit arm wrestling machines from Japanese arcades after three players broke arms. Spokeswoman Ayano Sakiyama calls recall a precaution and cites overexcitement and unnatural arm twisting as possible causes while machines are inspected for malfunctions. The game features 10 levels including a French maid and a pro wrestler and is not distributed overseas.
MENTIONED IN THIS ARTICLE
Atlus Co
Atlus
Ayano Sakiyama
Delta appoints Richard Anderson as new CEO
Delta Air Lines named former Northwest Airlines chief Richard Anderson as its next CEO, effective September 1, replacing Gerald Grinstein who will retire. Anderson, 52, is a current Delta board member and UnitedHealth executive, with Ed Bastian to assume added duties as president. Grinstein had favored an insider successor and will depart after a period of transition.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines Inc
Northwest Airlines Corp
Richard Anderson
Anderson
Delta
UnitedHealth Group Inc
Gerald Grinstein
Grinstein
Company
Ed Bastian
James Whitehurst
Bastian
Compa
Northwest Airlines
Cargill Inc
Medtronic Inc
China Airlines cancellations rise after jet fire incident
In Naha Japan a China Airlines jet damaged by an explosion and fire sits on the airport apron while international service continues. Flight 120 from Taipei carried 152 passengers at 10 30 am Tuesday amid a wave of cancellations as customers halt bookings following Monday’s crash and fire.
MENTIONED IN THIS ARTICLE
Naha
Japan
Taiwan
China Airlines
Taipei
Gers
AP / KYODO
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Fed
Paulson
CNBC
Alex Veiga
Associated Press
RealtyTrac
James J. Saccacio
Jas
Rjpmamj
Dow Jones Industrials
OK Market
ING
Mo High Low
Dow Industrials
Dow Utilities
Dow Transportation
NYSE
S&p MidGay
Russell
Wilshire
Rock Exchange
Wore
Afrance
Raes
Wester
Vmware F
ScokPh
SupTech
Fremantit
Endeavor
Casmed
Vicon
Mnow
DettaArn
StaMarch
Hstiaen
MS Treog
Metalicc
TerraNitta
Lenj Yan
QiaoXing
Trismia
Simon Ps
Valocityn
SPDR
PwShs
EMG Gp
Ishrek
Spfel
SunMicro
Pfizer
SP Malls
Yahoo
Atat Inc
LearCop NY
Alltel NY
Nash
Agreel NY
Limited
Apple Ing
Lowas NY
Young NY
Motorola Ny
Cedark NY
NiSaurea
Criwdon
ParkHan
Darden Calmic
Panna NY
Pfizer NY
Diebold It NY
ProciGam NY
Exar Mb
Vetega
Quaicon
RedMot
FistPica
Searskigs Naga
FirstEngy
Ford NY
Sucker NY
Genie NY
Spor Amex
GnMott NY
Www
Ag AS
Goodrich NY
Amex
Homa NY
Tt Steris NY
Honwhiiitt
SunMidd Nastay
NWO
Useieel NY
Intel NY Jasc
WalMart NY
Invacare
Im Va
Pmorgch
Waellsaiga NY
Windsim Werdlys
Bren Nasd
Yeaterda
Troy Az
New York Mercantile Exchange
York
CME
GrawAmarAm
vCoAmAm
Wamutinyanly Dodge & Cox Slack
Vanguard
IncAmerda WA
PacGrAmre
Fidelity Diviniltia
Dodge & Cox
Nyvarta
Bono
Abe Elias
Dave Carpenter
Tokyo
AP / ATLAS CO
Northwest
Goes Delta
Harry R. Weber
Whitehurst
Daniel A. Carp
Yomiuri Shimbun
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