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Citigroup Backs Bankruptcy Courts Cutting Loan 0133 - 3 hours ago - Jan. 8 Bloomberg Citigroup Inc., one of nine U.S. banks to get government aid, agreed to support legislation that would let bankruptcy judges cut mortgage rates for at-risk borrowers, three U.S. senators said today as financial 0133 : Bloomberg

Andersen announces layoffs at Bayport and Cottage Grove - 4 hours ago - Officials with Andersen Corporation announced layoffs at the company s Bayport, Minn., and Cottage Grove, Minn. in a late-afternoon press conference. The company will be making 50 permanent layoffs and approximately 400 employees will be 0133 : Hudson Star-Observer

Obama Must Tackle Fannie, Freddie s Federal Ties Update1 - 5 hours ago - Jan. 8 Bloomberg President-elect Barack Obama has little time to decide the fate of Fannie Mae and Freddie Mac as bank regulators warn of the drag the government-seized mortgage- finance companies are having on the U.S. economy. 0133 : Bloomberg

Obama Congress must act boldly and now on economy - 1 hour ago - WASHINGTON -President-elect Barack Obama implored Congress on Thursday to act boldly and act now to fix an economy growing perilously weaker. Leading lawmakers set an informal goal of mid-February for enacting tax cuts and government 0133 : AOL

Is Chrysler a lost cause? - 3 hours ago - DETROIT - 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 : Record Searchlight

Citi reaches deal with lawmakers on home loans - 1 hour ago - WASHINGTON AP - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. The lawmakers urged other lenders to follow suit. The lawmakers aim to 0133 : PR Inside

Citigroup agrees to deal on restructuring U.S. home loans - 2 hours ago - WASHINGTON Leading congressional Democrats said Thursday that they hoped an agreement with a major mortgage lender would ease opposition to a plan to let bankruptcy judges restructure home loans, a change they said was crucial to reviving 0133 : International Herald Tribune

Citigroup backs Congress plan on home loans lawmakers - 4 hours ago - Congressional leaders said Thursday they have reached agreement with Citigroup on legislation to provide relief to cash-strapped homeowners at risk of losing their homes. Lawmakers want to include the legislation, which would allow 0133 : Raw Story