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Improve Your Credit Score (Forbes)
What you thought was a good FICO score could keep you locked out of getting a loan. Here's what to do.
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General Growth Properties gets loan reprieve (AP via Yahoo! Finance)
Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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Pilgrim's Pride Files For Chapter 11 Bankruptcy (CattleNetwork.com)
Pilgrim's Pride Corp. (PPC), the nation's largest chicken producer, filed for bankruptcy protection Monday, two days before a 30-day grace period on a missed $25.7 million interest payment was set to expire.
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General Growth Properties gets loan reprieve (Chicago Sun-Times)
WASHINGTON---- Troubled shopping mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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Mexican economy in the balance of carmakers rescue (Tiscali)
SILAO, Mexico (Reuters) - The spectre of bankruptcy hanging over automakers in Detroit is also stoking fears in Mexico, whose car industry is heavily dependent on the U.S. economy.
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An S&L's Path To The Cliff (Forbes)
The government stood by while Downey Savings met a grisly fate.
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General Growth Properties gets loan reprieve (INO News)
(AP:WASHINGTON) Troubled shopping mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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UAW grants concessions, exec warns of depression (AP via Yahoo! News)
Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.
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Investor Sues to Block Mortgage Modifications (BusinessWeek Online via Yahoo! News)
The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender Countrywide Financial is illegal.
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Pursuing U.S. Aid, G.M. Accepts Need for Drastic Cuts (New York Times)
General Motors , increasingly desperate for a federal bailout to stave off financial collapse, told Congress on Tuesday that it was willing to drastically shrink every aspect of its operations to ensure its long-term survival, The New York Times’s Bill Vlasic and David M. Herszenhorn reported.
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