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Is Chrysler a lost cause? - 3 hours ago - DETROIT AP - Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors , and analysts say it probably won't survive the year as an 0133 : WTOP Radio

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans 0133 - 4 hours ago - Jan. 7 Bloomberg Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought 558 million of home loans that the Federal Deposit Insurance Corp. 0133 : Bloomberg

GM May Not Require Further U.S. Loans to Survive Update2 - 5 hours ago - Jan. 7 Bloomberg General Motors Corp. said it has enough government loans to cover its worst-case forecast for U.S. auto sales and won t need more if the economy holds up. Pledges from the U.S. Treasury for as much as 13.4 billion to 0133 : Bloomberg

Late Loan Payments Hit Record High - 6 hours ago - AP Late payments on consumer loans in last year's third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association said Wednesday. The association said delinquencies rose to a seasonally adjusted 0133 : CBS News

ICICI cuts home, auto loan rates 50 bps - 1/1/2009 - The bank s decision came after rate cuts by public sector banks and some of its major private sector rivals like HDFC and HDFC Bank earlier this month. ICICI Bank said it has reduced its floating reference rate FRR for home loans and auto 0133 : Business Standard

Treasury considers bank lending guarantees for business - 5 hours ago - The government is considering a package of measures to cushion the blow of the recession which could include throwing lifelines to big companies, small businesses and households starved of finance in the money markets. A high level team of 0133 : Guardian Unlimited

Homebuilders push housing aid plan - 2 hours ago - WASHINGTON With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend today pushing a 150 billion plan to revive the housing market. 0133 : Santa Cruz Sentinel

News Briefs - 1 hour ago - Martha's Vineyard Commission, Chamber presentation to focus on economy David Augustinho, executive director of the Cape and Islands Workforce Investment Board, will talk about the economy and state funding for local business at a free 0133 : Martha's Vineyard Times