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US auto sales drop in 2008, recovery unclear - 2 hours ago - After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery 0133 : Columbia Missourian

Report Sanyo to cut 1,000 workers - 4 hours ago - Sanyo Electric Corp. is considering cutting up to 1,000 domestic workers in the next few months, as it scales back unprofitable businesses ahead of an expected buyout by Panasonic Corp., a press report said Tuesday. Sanyo may cut 500 0133 : Columbia Missourian

Attorneys general push to ease bankruptcy rules on mortgages - 2 hours ago - Arizona is joining other states asking Congress to liberalize bankruptcy rules so judges can modify home loans to help reduce foreclosures. Arizona Attorney General Terry Goddard has joined the attorneys general from 21 other states in the 0133 : Phoenix Business Journal

Fed invests in mortgage market - 59 minutes ago - NEW YORK - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend 500 0133 : Cincinnati.com

Property owners see value of homes falling survey - 45 minutes ago - PROPERTY owners are expecting the value of their homes to decline in the next quarter, according to a survey conducted jointly by the Mortgage and Finance Association of Australia and BankWest. About 60 per cent of the 700-plus respondents 0133 : The Australian

Cuomo s Settlement Over Allegedly Discriminatory Mortgage Fees - 52 minutes ago - A WSJ front-pager from yesterday, entitled Housing Push for Hispanics Spawns Wave of Foreclosures , documents the fated push by low-income housing groups, Hispanic lawmakers and mortgage lenders to increase home ownership for Hispanics. 0133 : Wall Street Journal

Wisconsin Vets See Pet Owners Cutting Back on Care Save Email 0133 - 1 hour ago - MARSHFIELD, Wis. AP Some Wisconsin veterinarians say they've noticed people skipping appointments to save money as the economy worsens. Dr. Teresa Case-Doney of Klondike Kennels and Veterinary Services in Marshfield says postcards sent 0133 : WSAW

New look, same lenders - 12/28/2008 - Loans backed by the Federal Housing Administration have grown in popularity over the past year because of the collapse of the subprime mortgage industry. The loans allow people with poor credit to buy houses, which is handy now that lenders 0133 : Baton Rouge Business Report