citigroup takes over //WACHOVIA BANK

Under the terms proposed [in the bailout plan], Bush's initiative would permit large companies to emerge unscathed from the disastrous consequences of their own greed, but would not lend an ounce of aid to citizens who have lost their homes or are about

Big challenge for Treasury officials will be deciding whether to buy troubled investments near values at which banks hold them on their books. Thatd help minimize losses for financial institutions. Driving a hard bargain, however, would protect taxpayers.

Ten U.S. banks have gone belly-up so far this year, yet the concept still seems vaguely distant. Unless you had money in the five-branch Integrity Bank of Alpharetta,

Fraudsters are sending out fake e-mails notifying individuals that direct deposit is the fastest and easiest way to receive their tax rebate checks from the IRS.

As people around the world respond to the devastation wrought by the cyclone that ripped through Myanmar on May 5, charity watchdog groups are warning donors about bogus charities that may pocket donations instead of sending the money to the people of Mya

The US Treasury Department has taken over the quasi-public Fannie Mae & Freddie Mac mortgage lenders. Treasury Secretary Henry Paulson has fired the heads of both companies & put in hand-picked replacements. He said a "rescue plan" will be implemented.

In the latest "beige report" issued by the Federal Reserve, businesses report that rising prices and and a greatly diminished job market are affecting orders, sales and the shopping habits of US consumers. Read all about it.

Comcast Cable, which has already given us who use it bandwidth limits of 250G monthly, is now challenging the Federal Communication Commission's authority to impose rules on internet service providers. Major threat ahead if the FCC loses!

Lawsuits against the makers of faulty government-approved medical devices are already forbidden. Now companies that manufacture both prescription and over-the counter-drugs are asking the Supreme Court for the same protection. Outrageous!