by | Oct 14, 2010 | Towing
The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.
The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.
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Private businesses “do not take an oath of office, nor…
Continue reading Report: Treasury Outsourced Foreclosure Bailout
Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.
Filed Under: Company News, Economy, Real Estate, Taxes, Credit
by | Oct 14, 2010 | Towing
Introducing a value-added tax would cost the American economy 850,000 jobs in its first year, according to the National Retail Federation.
Policymakers are considering a VAT as a possible way to reduce the federal deficit, which is currently at its highest as a share of GDP since World War II.
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The new tax would be bad news for retailers across the country, as it would raise the…
Continue reading VAT Would Put 850,000 People Out of Work: Industry Group
VAT Would Put 850,000 People Out of Work: Industry Group originally appeared on DailyFinance on Thu, 14 Oct 2010 07:07:00.
Filed Under: Company News, Taxes, Retail
by | Oct 14, 2010 | Towing
Yahoo (YHOO) has hired Goldman Sachs Group (GS) to help deal with possible takeover approaches, Bloomberg News reported.
Yahoo has been working with advisers for about two weeks, but has not received any offers, Bloomberg News said.
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AOL (AOL), DailyFinance‘s parent company, has discussed a possible bid for Yahoo with private equity firms, according to reports.
In February 2008,…
Continue reading Yahoo Hires Goldman Sachs to Deal With Takeover Bids
Yahoo Hires Goldman Sachs to Deal With Takeover Bids originally appeared on DailyFinance on Thu, 14 Oct 2010 06:46:00.
Filed Under: Company News, Technology, Media, Goldman Sachs , Microsoft, Yahoo, Credit, AOL
by | Oct 14, 2010 | Towing
The Gran Turismo 5 video game will not be released on Nov. 2 as scheduled, Sony (SNE) said.
The video game will be made available during the holiday season, Sony said. The company said that Kazunori Yamouchi, the game’s creator, is “creating the perfect racing experience.”
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The delay may frustrate some fans who have already spent as much as $100 to order the game, according to…
Continue reading Sony Delays Release of Gran Turismo 5
Sony Delays Release of Gran Turismo 5 originally appeared on DailyFinance on Thu, 14 Oct 2010 06:25:00.
Filed Under: Company News, Technology, Media, Sony, Retail
by | Oct 13, 2010 | Towing
The Florida attorney general’s office has subpoenaed Lender Processing Services, which handles many foreclosure documents, as part of its investigation into potentially flawed foreclosure paperwork.
Continue re…
