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Citi reaches deal with lawmakers on home loans - 9 hours 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 and urged other lenders to follow suit. The lawmakers aim to attach the 0133 : Syracuse Post-Standard

Andersen Windows announces layoffs at Bayport and Cottage 0133 - 7 hours ago - These decisions are not easy, and we don't make them lightly. We recognize the impact on employees and their families and we intend to provide assistance to the affected individuals, said Maureen McDonough, Andersen's director of 0133 : RiverTowns.net

Stocks open lower on Wal-Mart and retailers - 1 day ago - NEW YORK Reuters - Stocks opened lower on Thursday after Wal-Mart Stores Inc WMT.N posted disappointing December sales and cut its fourth-quarter profit outlook, compounding investors' concerns about the worsening recession. 0133 : Reuters

Obama OKs modest tax changes after seeking ideas - 1 hour ago - WASHINGTON -Pushed by fellow Democrats, President-elect Barack Obama agreed to modest changes in his proposed tax cuts on Friday after inviting lawmakers to just show me ideas for fixing an economy shedding jobs at an alarming rate. 0133 : AOL

U.S. auto dealers fold or fight to hang on - 3 hours ago - It was like we'd had a death in the family,' said Daoud, 41, a Ford dealer in the Detroit suburb of Warren, who decided to close a franchise that had sustained his family for three generations. Sales in throughout the auto industry were 0133 : Forbes

Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 7 hours ago - Jan. 9 Bloomberg Bank of America Corp., GMAC LLC, and WL Ross Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business 0133 : Bloomberg

Business briefs - 4 hours ago - WASHINGTON 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 and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Dubuque Telegraph Herald

UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - 4 hours ago - WASHINGTON NEW YORK, Jan 9 Reuters - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc C.N and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers 0133 : Reuters