US auto chiefs renew bailout bid with $25b push

Ford Motor Co Chief Executive Officer Alan Mulally led industry CEOs' personal push for $25 billion in emergency loans as details of the aid plan circulated on Capitol Hill and Senate approval this week remained in doubt.
Leaders from the world's major economies on Saturday kicked off a summit to tackle the ongoing financial crisis and explore measures to prevent similar crisis in the future.
Xinhua
German gov't, banks agree to $69B bailout for Hypo
Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to profitability and faces mounting criticism of Chief Executive Vikram Pandit.
Freddie Mac reports loss of $821 million
The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday.
Fed moves to deal with financial crisis
Rising prices beat down consumer spending in June