Sunday, February 8, 2009

2/8 Reuters: Business News

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Treasury to approve insurers for TARP funds: sources
February 7, 2009 at 6:46 pm

WASHINGTON (Reuters) - Insurance companies that applied for capital injections from the government's $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said on Saturday.

U.S. linking bank aid to loan changes: sources
February 7, 2009 at 6:01 pm

WILLIAMSBURG, Virginia (Reuters) - U.S. Treasury chief Timothy Geithner said on Saturday that banks getting public aid under a new rescue plan must help struggling homeowners by reworking their mortgages, according to Democratic sources.

GM may cut thousands of salaried workers: report
February 7, 2009 at 1:25 pm

CHICAGO (Reuters) - General Motors Corp. is developing a plan to fire up to 5,000 salaried employees as it tries to cut costs by a March 31 deadline to keep $13.4 billion in U.S. government aid, according to a Bloomberg report.
 

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