WASHINGTON (Reuters) - President George W. Bush could support a compromise bill to bail out the auto industry and Congress should pass it as soon as possible, the White House said Thursday. A proposal by Sen. Carl Levin, a Michigan Democrat, and Sen. Christopher Bond, a Missouri Republican, would ...
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NEW YORK – Stocks have plunged again to levels not seen in more than five years as hopes fade that lawmakers will soon put together an aid package for U.S. automakers. Huge declines in the financial and energy sectors led stocks lower Thursday. The pullback for the second straight day amid heavy ...
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WASHINGTON (AP) _ Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate whether borrowers qualify ...
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Nov. 20 (Bloomberg) -- Democratic U.S. congressional leaders put off action on automaker loans until next month, saying company chief executives haven't yet made a case for the help. General Motors Corp. , Ford Motor Co. and Chrysler LLC must submit viability plans Dec. 2 and Congress would meet the ...
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WASHINGTON -- Eric Holder Jr., President-elect Barack Obama's likely choice for U.S. attorney general, in 1999 penned the first federal legal guidelines for prosecuting corporations and has spent the last several years representing large companies for a leading Washington law firm. Mr. Holder, if ...
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SAN JUAN, Puerto Rico (AP) _ A group of Algerians who were ordered released from Guantanamo Bay on Thursday have long denied being terrorists, saying they were swept up in Bosnia and handed over to the U.S. as political pawns. A federal judge in Washington ruled that the five men cannot be held ...
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Oakland Athletics bench coach Don Wakamatsu has been hired to be the manager of the Seattle Mariners. Wakamatsu, 45, becomes the first Asian-American to manager a U.S. major-league team. His major-league playing experience totaled 18 games as a catcher for the Chicago White Sox in 1991. But he's ...
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