http://www.financeinfoblog.com money, finance, personal finance and more... Thu, 04 Dec 2008 12:12:02 +0000 http://backend.userland.com/rss092 en The government finally realizes that it has to address the problems in the housing market. Unfortunately, it seems officials are considering going at it the wrong way. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-lower-mortgage-rates-arent-the-answer.html Milder approach to aiding the euro zone economy apparently aimed at instilling confidence. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-ecb-trims-as-britain-and-sweden-slash.html Members of the US Congress gave the Big Three US automakers' request for billions of dollars in federal aid a far warmer welcome than just two weeks ago in an indication that a bail-out of Detroit may be gaining political momentum More: continued here ShareThis http://www.financeinfoblog.com/2008-12-us-auto-bail-out-gathers-speed-in-congress.html The Swiss bank warned it had lost a net SFr3bn in the two months to the end of November and would axe about 5,300 jobs, principally in investment banking More: continued here ShareThis http://www.financeinfoblog.com/2008-12-credit-suisse-to-cut-11-of-staff.html AT&T, the largest US telecommunication group, plans to cut 12,000 jobs, or about 4 per cent of its workforce, and reduce capital spending in response to the economic slump which has accelerated the loss of residential phone lines More: continued here ShareThis http://www.financeinfoblog.com/2008-12-att-cuts-12000-jobs.html The electronics company disappoints with a less-confident guidance. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-cloudy-forecast-for-philips.html The airlines' head honchos are meeting to see if a tie-up is feasible. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-tension-brews-between-ba-iberia.html Huge volumes of US Treasury bonds issued as part of an effort to reverse an economic slump threaten to stop access to credit by Latin American governments facing financing needs of an estimated $250bn next year, a group of prominent economists from the region has warned More: continued here ShareThis http://www.financeinfoblog.com/2008-12-economists-warn-on-latam-credit-squeeze.html Federal Reserve Chairman Ben Bernanke said Thursday that the government must do more to address foreclosures. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-bernanke-more-foreclosure-help-needed.html Bank to bank lending rates continued to march lower, as a trio of European central banks slashed their key interest rates, a move that markets had largely expected. More: continued here ShareThis http://www.financeinfoblog.com/2008-12-bank-to-bank-lending-eases.html