Treasury Debt-Purchase Plan May Be Smaller Than Anticipated at $20 Billion The U.S. Treasury Department may
begin its program to spur purchases of mortgage-backed
securities from banks with about $20 billion in public and
private money, down from as much as $100 billion when it was
announced in March, two people familiar with the matter said.
Wiedeking Era at Porsche Runs on Fumes as Volkswagen Takeover Backfires Wendelin Wiedeking, hailed as “the
man who outfoxed the market” by Fortune magazine in January, is
fighting to save Porsche SE -- and his job -- as a strategy to
take over Volkswagen AG unravels.
Australia Facing `Full Brunt' of Global Recession as Exports, Lending Drop Australia’s economy, which has so far
skirted the global recession, may stall after reports showed
exports dropped to a 14-month low, bank lending fell and home-
building approvals declined by the most since 2002.
Ferrovial, Westfield Shift Cash to Conservatives as Brown's Support Wanes British units of companies including
Grupo Ferrovial SA, Westfield Group and Deutsche Bahn AG are
shifting cash to the Conservative opposition from the Labour
Party as Prime Minister Gordon Brown’s popularity ebbs.
GM to Hold `Garage Sale' for Hazardous Plants, Golf Course, Parking Lots As General Motors Corp. prepares to
sell its best assets to a streamlined new entity, the worst of
what it owns will be auctioned off in bankruptcy court,
including contaminated factory sites, parking lots in Flint,
Michigan, and a nine-hole golf course in New Jersey.
Geneva Sees Opportunity in Bern's Predicament of Conceding on Bank Secrecy On a hot Saturday morning in May at
the Rolle yacht club on Lake Geneva, Guy de Picciotto, chief
executive officer of Switzerland’s Union Bancaire Privee, smears
on sunblock as he rallies a professional, lycra-clad crew of six
to race his 35-foot, $600,000 catamaran.