Obama team working on overhaul of financial rescue
WASHINGTON (Reuters) - President-elect Barack Obama's economic team is working to overhaul the $700 billion financial rescue program to stem mortgage foreclosures and spur the flow of credit to the struggling U.S. economy, an Obama aide said on Friday.

Changes urged in doling out of financial bailout funds
A key lawmaker calls on Congress to impose stricter requirements on how the government uses the second half of a huge $700 billion financial bailout fund as a separte oversight panel blasts the handling of the first half.

Financial Stocks: Sector surrenders to unemloyment reality
U.S. financial stocks falls, surrendering to the reality of a dismal jobless report after initially shaking off the data and rising despite the bad news.

Obama, Democrats look to revamp financial bailout
WASHINGTON   (AP)?Eager to shift the course of the government?s financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion rescue program?.

Congressional auditors: NASA inspector general failing to find financial waste, abuse
WASHINGTON - Congressional auditors say that NASA's in-house financial watchdog is doing little to unearth waste and abuse at the space agency. The Government Accountability Office compared NASA's inspector general to 27 other federal agencies and found it next to last.

Obama Team Working on Overhaul of Financial Rescue
Obama Team Working on Overhaul of Financial Rescue

Obama team looks to revamp financial bailout
President-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments. The overhaul is aimed at the $350 billion...

Obama team looks to revamp financial bailout
WASHINGTON - President-elect Barack Obama's economic team is broadening the mission of the $700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments.

Genworth Financial lays off 400 works in Richmond, 230 in Lynchburg
Genworth Financial laid off more than 600 Virginia workers this week, according to the Richmond Times-Dispatch.

Nasdaq CEO sees market role in financial crisis
WASHINGTON -- The markets can help the nation emerge from the current financial crisis by providing transparency for secretive investments that helped fuel the disaster, but the government needs to put better rules in place to make that happen, the head of the Nasdaq stock market said Thursday.

NATO chief says financial crisis poses risk
WASHINGTON   (AP)?The global financial crisis could force U.S. allies to scale back their efforts in Afghanistan, or possibly even pull out, NATO?s top commander said Friday?.

Harley names interim financial unit exec
Harley-Davidson Inc. has announced that the company?s chief financial officer, Tom Bergmann, will take on the added responsibility of interim president of Harley-Davidson Financial Services, effective immediately. (HOG)

RI shedding jobs in financial service sector
Rhode Island has been shedding financial service jobs. The state lost nearly 2,000 jobs in the sector in 2007 by last November, after a slight decline the year before.

Obama team working on overhaul of financial rescue
U.S. President-elect Barack Obama's economic team is working on an overhaul the $700 billion financial rescue program with the aim of doing more to spur the flow of credit to the struggling economy, an Obama aide said on Friday.

Stuart Hoffman Of PNC Financial: "No Solaceâ?¦This Is Just A Dreadful Report"
(RTTNews) - In an interview with RTT News, Stuart Hoffman, chief economist at PNC Financial discusses the "dreadful" December employment report, which showed the economy lost 524,000 jobs in the final month of the year.

Provident Financial Cut To Underperform By Credit Suisse
Provident Financial Cut To Underperform By Credit Suisse

HK reviews financial ruling
HONG KONG: Hong Kong has launched a review of its financial regulation structure after thousands of investors suffered losses after buying products backed by collapsed US bank Lehman Brothers.

NATO chief says financial crisis poses risk
By LARA JAKES The global financial crisis could force U.S. allies to scale back their efforts in Afghanistan, or possibly even pull out, NATO's top commander said Friday. "We are going to have some hard times ahead," Supreme Allied Commander Gen. John Craddock told reporters in Washington. "And it's going to impact, one, the ability of nations to stay in operations - which is probably the most ...

NATO chief says financial crisis poses risk
NATO's top commander says the global financial crisis could force U.S. allies to scale back their efforts in Afghanistan, or possibly even pull out.

AIG Financial to rebrand itself
Looking to distance itself from the brand of its parent company, AIG Financial Advisors Inc. is rechristening itself as SagePoint Financial Inc.