Obama to Announce Plans to Deal with Record Foreclosure Levels
President Barack Obama is set to announce his proposals to address the nation’s housing crisis later next week. Foreclosures have exceeded 250,000 a month for the past ten months with 274,399 being processed in January. More
Senate to Vote Today on Stimulus Bill
The US Congress could reach a final approval on President Obama’s stimulus bill as the Senate is schedule to vote on the bill later today. More
Lloyd’s Warns of Ten-Billion Loss for HBOS
Lloyds Banking Group of London announced today that its HBOS division would record a pre-tax loss of roughly ten billion pounds ($14.5 billion USD) for 2008. Shares for the parent company fell by more than forty percent once the news became public. More
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