NATION AND WORLD
Daimler AG, the maker of Mercedes Benz cars, has paid its dealerships euro53 million ($66.3 million) for losses and offered up another euro10 million ($12.5 million) so the dealerships can buy showroom models, Der Spiegel said in an advance report of Monday's edition.
- It sounds easy: dispatch naval commandos to storm a hijacked cargo ship, shoot or capture the ragtag band of pirates and free the hostage crew.
- Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.
- Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses.
- Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls.
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FROM SUNDAY'S INQUIRER
The Philadelphia region's banking landscape has been turned upside down.
Three of the six biggest banks here are being taken over: Wachovia by Wells Fargo; Citizens Bank by the British government; and Sovereign by its biggest shareholder, Santander of Spain.
BUSINESS PEOPLE
Keep up with local hirings, departures, insider trades and board moves. Go to the Business People page.
Keep up with local hirings, departures, insider trades and board moves. Go to the Business People page.
BUSINESS FEEDS
A page of feeds from business sources around the Web. Click here.
A page of feeds from business sources around the Web. Click here.
Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
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Today's Inquirer
Halfway rebound from steep losses was spurred by Obama's choice to head the Treasury: N.Y. Fed's Timothy Geithner.
NEW YORK - Wall Street staged a comeback yesterday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points.
Today's Inquirer
WILMINGTON - A federal bankruptcy judge approved the sale of the Boscov's department store chain yesterday to Albert R. Boscov in a $305 million deal that is expected to result in the ouster of Boscov's nephew, Ken Lakin, as chief executive.
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MORE BUSINESS HEADLINES
Tax season is over, but it's not too early to get in shape for next year. IRS spokesman David Stewart is still available to answer your questions. Also, find a full page of tax-help articles and links.
SPECIAL REPORTS
A special section on the region's biggest employers, hottest performers, highest paid CEOs, local employment scene and more.
- What Is Your Home Worth?
Subprime Pain
Many homeowners with adjustable mortgages face growing monthly payments. Some wonder where the money will come from.
Lawsuit over terrorism
The Philadelphia law firm Cozen O'Connor sued Saudi Arabia and several Islamist charities in 2003, seeking to hold them financially liable for the 9/11...
COAL'S NEW SHINE
The price of coal is soaring. Demand is up. No one could be happier than Greene County's miners, who dig the steady work and fat paychecks.
WAYNESBURG, Pa. - All night and day, trains rumble through the hills and valleys of Greene County, where coal is king and the rails carry away the crown jewels, 42 million tons of black bituminous a yea