Foreclosures Up 68 Percent Nationwide in November
Foreclosure filings rose 68 percent from November last year with 201,950 notices nationwide, RealtyTrac reports. California featured among states with higher rates while October to November totals dipped 10 percent, signaling seasonal lull and continued mortgage stress.
MENTIONED IN THIS ARTICLE
Los Angeles
U.S
Ohio
RealtyTrac Inc
Rick Sharga
RealtyTrac
Sharga
California
Fed offers 20B in loans to ease credit woes
The Federal Reserve staged 28 and 35 day loan auctions totaling 40 billion dollars to ease bank funding strains amid a global credit crisis. Bids reached 61.6 billion with 93 bidders though lenders sought cheaper rates around 4.3 to 4.4 percent rather than 4.65 percent.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
TJ. Marta
RBC Capital Markets
Marta
Ken Mayland
ClearView Economics
Goodyear retirees win federal health care trust plan
Federal judge preliminarily approves a $1 billion health care trust for Goodyear retirees with final approval expected in early 2008. The plan funds future benefits, requires Goodyear to notify about 30,000 retirees and dependents, and allows objections by March 4 ahead of an April 11 hearing.
MENTIONED IN THIS ARTICLE
Akron
Goodyear Tire & Rubber Co
United Steelworkers
U.S
John R. Adams
Goodyear
Keith Price
Voluntary Employees
Adams
Exxon to challenge damages before Supreme Court
Exxon Mobil will urge the Supreme Court to overturn a $2.5 billion punitive damages award in the Exxon Valdez case arguing that courts erred in assigning blame to the company for actions of its ship captain after the 1989 spill. The firm contends the punishment is excessive and that it has already paid over $3.5 billion in compensation and penalties.
MENTIONED IN THIS ARTICLE
Washington
Exxon Mobil
Supreme Court
Exxon Valdez
Exxon
Prince William Sound
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