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GM says automakers deserve $50 billion in federal loans: report (Reuters via Yahoo! News)
Automakers deserve as much as $50 billion in government-backed loans so that they can build more fuel-efficient cars, according to a top General Motors executive, the New York Times reported.
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Loans available for farmers, ranchers hit by Dolly (San Antonio Express-News & KENS 5)
Deep South Texas farmers and ranchers hard hit by Hurricane Dolly have been declared eligible for government loans to get them “back on their feet,” Hidalgo County Judge J.D. Salinas announced today.
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Five local businesses receive metro government loans (Louisville Courier-Journal)
A new restaurant in Valley Station and four other businesses have been awarded small-business loans from Louisville Metro Government.
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Curbs on interest-only loans (Financial Times)
Lenders are taking a tougher line with borrowers who want to take out interest-only mortgages as they fear falling house prices could make it harder for these customers to eventually repay their loans.
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Consumers who don't really need the money have no trouble getting loans, says this financial expert. (Bankrate.com)
Consumers who don't really need the money have no trouble getting loans, says this financial expert.
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GM's Lutz Calls For $50 Billion In Government-backed Loans (Fox News)
GM's Lutz Calls For $50 Billion In Government-backed Loans
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Detroit 3 say potential U.S. loans wouldn't be bailout (Detroit Free Press)
WASHINGTON -- Detroit's automakers pushed back Thursday against criticism of their drive for $50 billion in federal loans as a bailout, saying the government needed to step in when markets failed.
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ACCC to probe CBA's Aussie Home Loans purchase (Australian Broadcasting Corporation)
The corporate watchdog says it is investigating the Commonwealth Bank's (CBA) purchase of a third of the mortgage company Aussie Home Loans.
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U.S. loans for car makers a top priority, UAW says (The Toledo Blade)
WASHINGTON — Congressional approval for low-interest U.S. loans to help automakers develop more fuel-efficient vehicles is a top priority for the United Auto Workers, Alan Reuther, the union’s legislative director, said in a telephone interview yesterday. “We disagree with those who say it’s a bailout for the companies.” General Motors Corp., Ford Motor Co., and Chrysler LLC, along with their ...
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SBA offers disaster loans (Central New York Business Journal)
Federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, and most private, nonprofit organizations of all sizes in New York as a result of hail, high winds, and excessive rain earlier this summer.
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