Interim Assistant Secretary for Financial Stability Neel Kashkari Testimony Before the Senate Appropriations ...
Washington - Chairman Durbin, Members of the Subcommittee, good morning and thank you for the opportunity to appear before you. I would like to provide an update on the Treasury Department's actions to work through the financial crisis and restore the flow of credit to the economy.

Financial Stocks Slip, AIG May Renegotiate Bailout
Financial Stocks Slip, AIG May Renegotiate Bailout

Financial industry pushes for lower mortgage rates
WASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.

Capital One Financial to buy Chevy Chase Bank
MCLEAN, Va. (AP) ? Capital One Financial says it will buy Chevy Chase Bank for about $520 million in cash and stock.

Berlusconi Says Fininvest Holding in Premiere Is Financial
Dec. 4 (Bloomberg) -- Pier Silvio Berlusconi said the Premiere AG stake held by Fininvest SpA, the holding company of his family, is a financial investment.

Principles for Climate Change Developed for Financial Sector
By Robert Kropp. Major financial institutions join with The Climate Group to promote principles of business for a low-carbon economy.

Automaker collapse may undo financial rescue, Levin says
WASHINGTON -- A new twist in the argument for a rescue plan to help Detroit's automakers will be the effect their potential collapse could have on the country's financial markets.

Dodd endorses financial assistance for automakers
Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry. The Connecticut Democrat stated his position Thursday as the heads of the Big Three car makers in Detroit returned to Congress...

Financial Stocks: Financial stocks slip, AIG may renegotiate bailout
NEW YORK (MarketWatch) -- U.S. financial stocks slipped modestly in early trade following a few days of gains, but are likely to remain volatile it the trend set in recent sessions prevails.

Dodd endorses financial assistance for automakers
Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry.

German Government Wind Pwr Goal Doubtful On Financial, Tech Risks -PWC
FRANKFURT -(Dow Jones)- Incalculable technical risks and uncertain project funding due to the financial crisis are jeopardizing the German government's plan to massively expand the country's power generation capacity off its coasts, consultant company PricewaterhouseCoopers said Thursday.

Dodd endorses financial assistance for automakers
Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry. The Connecticut Democrat stated his position Thursday as the heads of the Big Three car makers in Detroit returned to Congress to plead with lawmakers for some $34 billion in assistance. Dodd said that if the problem were simply one of car makers failing to adapt to ...

China, U.S. to Counter Financial Crisis as ?Most Pressing Task?
Dec. 4 (Bloomberg) -- China and the U.S. must work to counter the global financial crisis as their ?most pressing task,? Chinese Vice Premier Wang Qishan said as the nations started talks in Beijing today.

Financial Industry Layoffs Top 150,000 Since September
Credit Suisse and Nomura Holdings announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets.

Ace Hardware overhauls financial, retail staff
Ace Hardware is beefing up its financial and retail support staff one year after the Oak Brook-based co-operative announced a $152 million accounting error. The co-op said Wednesday it has hired Rick Affolter, 54, previously finance director at HD Supply Inc., a wholesale distributor of construction and maintenance products, as vice president of finance. Home Depot sold HD Supply to a team of ...

Luv Gov Debuts as Financial Columnist
Financial advice from former Governor Eliot Spitzer? First rule: Don't pay for prostitutes with wire transfers. The feds always follow the money...

Reporting from the eye of the financial storm
Being a financial reporter these days is a little like being a weathercaster when a hurricane hits. It's a great meteorological event, but people often get hurt. CNBC's Rebecca Jarvis, covering her first major meltdown, knows the feeling.

Capital One Financial to acquire Chevy Chase Bank for $520 million in cash and stock
NEW YORK - Capital One Financial Corp. said Thursday it will acquire Chevy Chase Bank for $520 million in cash and stock, expanding its presence in its own backyard.

ECB Trichet: Rate Cut Will Aid Financial Stability
Citing exceptional uncertainty and sliding inflationary pressures, European Central Bank President Jean-Claude Trichet said Thursday's rate cut, the largest in the central bank's history, will contribute to financial stability.

Capital One Financial to acquire Chevy Chase Bank for $520 million in cash and stock
MCLEAN, Va. - Capital One Financial says it will buy Chevy Chase Bank for about $520 million in cash and stock. Capital One will buy the regional bank using $445 million in cash and 2.56 million Capital One shares valued at $75 million, or about $29.30 per share.