By CARLA K. JOHNSON, Associated Press Writer Carla K. Johnson, Associated Press Writer Sat Nov 29, 9:36 am ET
CHICAGO – Even though employees at the Peer Bearing Co. no longer work for the Spungen family that recently sold the Waukegan-based ball bearings maker, they still received a turkey each this Thanksgiving in keeping with tradition.
But even better was the […]
Archive for November, 2008
Report: Citigroup to sell Japan trust banking unit
Sunday November 30, 5:51 am ET
Report: Citigroup to sell trust banking unit in Japan as part of restructuring
TOKYO (AP) — Citigroup Inc. plans to sell its Japanese trust banking unit as the ailing U.S. banking giant struggles to survive the global financial crisis, media reports said Sunday.Citigroup plans […]
Fed to Buy MBS It was an exciting week for mortgage markets! Tuesday, the Fed and the Treasury announced a new program to purchase up to $500 billion in mortgage-backed securities (MBS), and mortgage rates dropped sharply after the news. The MBS purchases are expected to take place over the next few months. The goal […]
Economic Weakness Improves Rates With few surprises in the election results, investors focused on the prospects for the economy. The outlook for economic growth moved progressively lower during the week, and Friday’s weak Employment data reinforced this view. The reports on manufacturing, construction, and factory orders released this week showed declines as well. A sluggish […]
