Corporate Darwinism: Only the strong survive

Economic cycles are Darwinian, picking off weak companies and leaving survivors stronger. Corporate survivors, however, should benefit as competitors disappear. But it won't be easy.

Bernanke leaves door open to another rate cut

Federal Reserve Chairman Ben Bernanke pledged Friday to work closely with other central banks to fix global financial problems and left open the door to a fresh interest rate cut.

New Help for Homeowners Risking Foreclosure

One the country's largest banks says it will reach out to 500,000 distressed home owners to modify loans.

Feds to unveil effort to help homeowners

The government is preparing to unveil a plan as soon as Thursday guaranteeing around 3 million mortgages to troubled homeowners, sources briefed on the matter said.

IndyMac could be model for mortgage relief

Maribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk.

Nearly 1 in 6 homeowners are 'under water'

The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults.

Mortgage forgiven for 90-year-old who shot self

Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her.

How massive rescue package will affect you

The House passed a financial rescue package and President Bush quickly signed it. But will it work? Here's a look at how the massive bill will affect you.

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