ALL-NEWZ.COM http://all-newz.com Daily news, weekly news, Headlines Fri, 12 Dec 2008 09:19:08 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Bank of America plans up to 35,000 job cuts http://all-newz.com/bank-of-america-plans-up-to-35000-job-cuts.html/ http://all-newz.com/bank-of-america-plans-up-to-35000-job-cuts.html/#comments Fri, 12 Dec 2008 09:19:08 +0000 admin http://all-newz.com/bank-of-america-plans-up-to-35000-job-cuts.html/ Bank of America Corp. says it expects to eliminate 30,000 to 35,000 jobs over the next three years.

]]> http://all-newz.com/bank-of-america-plans-up-to-35000-job-cuts.html/feed/ 0 GM sweats the small stuff as bailout talks drag http://all-newz.com/gm-sweats-the-small-stuff-as-bailout-talks-drag.html/ http://all-newz.com/gm-sweats-the-small-stuff-as-bailout-talks-drag.html/#comments Fri, 12 Dec 2008 09:19:00 +0000 admin http://all-newz.com/gm-sweats-the-small-stuff-as-bailout-talks-drag.html/ At General Motors headquarters in Detroit escalators are shut at night to save on electrical costs.General Motors is saving every cent it can, from shutting down escalators at night to limiting workers’ choice of pens, in case it needs to fight to survive beyond year’s end and until a friendlier Washington takes over.


]]> http://all-newz.com/gm-sweats-the-small-stuff-as-bailout-talks-drag.html/feed/ 0 ‘Pay option’ loans could swell defaults http://all-newz.com/pay-option-loans-could-swell-defaults.html/ http://all-newz.com/pay-option-loans-could-swell-defaults.html/#comments Fri, 12 Dec 2008 09:18:51 +0000 admin http://all-newz.com/pay-option-loans-could-swell-defaults.html/ With 16 years' experience in the mortgage business, Sharren McGarry didn’t believe the “pay option” loan was a good deal for most of her customers, so she didn’t promote it. “I looked at it and I thought: I’m 60 years old. If I were in these peoples’ situation 10 years from now, where would I be?”A new surge in defaults and foreclosures is likely in 2009 and 2010 as as risky “pay option” mortgages reset to sharply higher monthly payments.


]]> http://all-newz.com/pay-option-loans-could-swell-defaults.html/feed/ 0 Auto industry bailout plan dies in the Senate http://all-newz.com/auto-industry-bailout-plan-dies-in-the-senate.html/ http://all-newz.com/auto-industry-bailout-plan-dies-in-the-senate.html/#comments Fri, 12 Dec 2008 09:18:44 +0000 admin http://all-newz.com/auto-industry-bailout-plan-dies-in-the-senate.html/ Senate Majority Whip Dick Durbin, D-Ill., is pursued by members of the press, during a break in negotiations at the Capitol.  A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.


]]> http://all-newz.com/auto-industry-bailout-plan-dies-in-the-senate.html/feed/ 0 Obama nominates Daschle to head HHS http://all-newz.com/obama-nominates-daschle-to-head-hhs.html/ http://all-newz.com/obama-nominates-daschle-to-head-hhs.html/#comments Fri, 12 Dec 2008 09:18:37 +0000 admin http://all-newz.com/obama-nominates-daschle-to-head-hhs.html/ President-elect Barack Obama introduces former Senate Majority Leader Tom Daschle as Health and Human Services Secretary-designate, Thursday, during a news conference in Chicago. The former Senate Majority Leader will pull double duty in the Obama administration, serving as the Health and Human Services secretary and overseeing a new White House Office of Health Reform.


]]> http://all-newz.com/obama-nominates-daschle-to-head-hhs.html/feed/ 0