Tax Rebate: President Bush advocates to take tax rebates to boost economy
Area residents said Saturday they were aware that their share of a $168 billion in tax rebates would soon be in the mail. What some didn’t know, though, was they could begin receiving their rebate as early as today.
“I didn’t know that,” said Tyner [...]

Washington Mutual pools $7 Billion in capital through an investment group
The nation’s largest savings and loan, Washington Mutual, said Tuesday morning that it had raised $7 billion in capital through an investment group led by private equity firm TPG. It also said that it would slash its quarterly dividend.
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Washington Mutual Press Release
Washington Mutual also said [...]

Investment firms finish deal swapping stake in Bear Stearns for JPMorgan stock, buyout approval looms
Bear Stearns’ stock swap complete - Investment firms finish deal swapping stake in Bear Stearns for JPMorgan stock; buyout approval still looms.
Bear Stearns Cos. has completed its sale of a 39.5% stake to JPMorgan Chase & Co. for about $10 per [...]

Crack credit crunch: Fixing Wall Street means getting investors better information
How to crack the credit crunch - Fixing Wall Street means getting investors better information - and the sooner the better
Financial reformers have a chance to give stressed-out markets a desperately needed reality check.
This month’s near collapse of Bear Stearns (BSC, Fortune 500) has brought [...]

Reserve Bank may not go for interest rates cut to boost industrial production because of high inflation.
Government indicated that the Reserve Bank may not go for interest rates cut to boost the industrial production because of high inflation.
“As long as there is a threat of inflation, you have to trust the RBI to use policy [...]

President Bush to Interview with top US financial policymakers on Economic Recession
President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
The White House said on Saturday Bush will meet members of the President’s [...]

Bush Says that Federal Government Must Guard Against Overcorrecting Economy with Sweeping Changes
Avoid Overcorrecting Economy, Bush Warns - President Bush on Saturday said the government must guard against going too far in trying to fix the troubled economy, cautioning that “one of the worst things you can do is overcorrect.” Democrats said Bush was relying [...]