Financial news on October 25, 2008
Business and Financial news
Iceland is pitching itself as an island of bargains, especially to Americans who hold a suddenly valuable commodity: dollars. Read more..
The automaker, which is in merger talks with General Motors, said that it would offer buyout and early retirement packages in the next two weeks and that layoffs would follow. Read more..
Some bond specialists contend that prices are so low and yields so high that they are immune from anything short of disaster — and maybe even that, too. Read more..
The marriage of business interests between Russia and Germany is strengthening even as the global financial crisis deepens. Read more..
Alpha Bank & Trust of Alpharetta, Ga., was closed by regulators, the 16th United States bank seized this year. Read more..
Michael J. Critelli, executive chairman of Pitney Bowes, discusses unsolicited mail and its affect on the environment. Read more..
The maker of Thermo King and Hussmann refrigeration equipment reported slowing sales. Read more..
Democratic lawmakers lashed out at hedge funds that have threatened to block attempts to renegotiate mortgages for struggling homeowners. Read more..
Sales of the controversial blood test were halted after a warning from the Food and Drug Administration. Read more..
The banking industry’s dirty little secret is that it has no intention of using the bailout money to make new loans. Read more..