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Bank chief: Economy will worsen before it improves (Detroit Free Press)
The head of Bank of America Corp. said Tuesday the country is in a recession and won't see a turnaround until the crisis in the housing market ends.
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Deals of the day -- mergers and acquisitions (Reuters via Yahoo! Malaysia News)
(Adds Severstal, Chevy Chase Bank and others)
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Color of Money Book Club (Washington Post)
Personal finance columnist Michelle Singletary hosted an online discussion with author Laurence Shatkin and editor Sue Pines, the brains behind "150 Recession-Proof Jobs," on Thursday, Nov. 20 at Noon ET.
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UPDATE 3-Deals of the day -- mergers and acquisitions (Reuters España)
Nov 20 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, North American and Asian companies were reported by 2100 GMT on Thursday.
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Bay Area job losses likely in Citigroup layoffs (San Francisco Chronicle)
Financial giant Citigroup Inc. announced plans Monday to cut more than 50,000 jobs - a tidal wave of layoffs that will probably reach the Bay Area, where it is the third-largest retail bank. The reductions, which will leave Citi about 20 percent smaller, are...
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U.S. auto execs plead for Congress to fund bailout (Reuters via Yahoo! News)
U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.
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US auto execs plead for bailout (TVNZ)
US auto executives warned Congress that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.
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U.S. car execs plead for bailout (Tiscali)
WASHINGTON (Reuters) - U.S. carmaker executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion (16 billion pounds) aid package despite political opposition to another multibillion-dollar government bailout.
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Scotiabank provides information on fourth quarter writedowns of $595 million after tax (CNW Group via Yahoo! Finance)
Scotiabank today announced that its results for the fourth quarter ended October 31, 2008 will include charges of approximately $595 million after tax relating to certain trading activities and valuation adjustments.
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Many line up for cash, but bailout plan is faltering (The Salt Lake Tribune)
As the U.S. government's financial rescue enters a new phase, Wall Street and many ordinary Americans are wondering the same thing: Is any of this working?
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