Bankers who loaned $1.8 billion to help build Sunwest Management Inc. into the nation's fourth-largest operator of senior living homes are livid about the collapsed company's plan to pay back creditors and investors
One year after losing Wachovia Corp., Charlotte is still waiting for the other shoe to drop. That's especially true in University City, where about 10,000 workers at the Customer Information Center have been mostly untouched by layoffs
Former Republican House Speaker Newt Gingrich says Barack Obama?s policies are ?artificially extending the recession.? Congressman John Boehner, the party?s leader in the House, says ?stimulus policies aren?t working.? Republican Senator Jim Bunning calls Federal Reserve Chairman Ben S. Bernanke?s tenure ?a failure.?
WASHINGTON (Reuters) - The Obama administration will pick the brains of housing finance leaders on Tuesday on how to fix Fannie Mae and Freddie Mac, but no major changes in the government-rescued mortgage companies are expected before 2011.