Mortgage Licensing Rules Criticized (Stock Trading)
Mortgage Licensing Rules Criticized
As Maryland rolls out a new law this week requiring people who arrange mortgage loans for borrowers to be individually licensed, legislators on Capitol Hill yesterday criticized such state efforts as creating a jumbled pattern of conflicting regulations and urged federal action instead.
Kirstin Downey
Employee Discount Program Over at GM
DETROIT — General Motors Corp. is ending its popular employee discount incentive, which let buyers pay the employee price for vehicles throughout the summer.
DEE-ANN DURBIN
The Whole Truth About Disclosure
Maryland home sellers have to tell buyers a lot more of the truth beginning today.
Sandra Fleishman
Morton, Banker Who Led Olympic Bid, Is Retiring
John Morton, a longtime Bank of America executive who led the region's effort to host the 2012 Olympics, will retire from the bank today.
Ellen McCarthy
Boeing Faces Another Labor Challenge
CHICAGO — Boeing Co. welcomed back airplane assembly workers Friday after a four-week strike but now faces another potential contract showdown with engineers and technical workers, whose walkout five years ago hurt production.
DAVE CARPENTER
Ebbers Lawyers Detail Case For Overturning Conviction
An appeals court should throw out the fraud conviction of former WorldCom Inc. chief Bernard J. Ebbers because of improper jury instructions and decisions by prosecutors that kept key witnesses from testifying, defense lawyers argued yesterday.
Carrie Johnson
Senators See Need for U.S. Gas Reserve
Two U.S. senators yesterday called for the creation of a government stockpile of gasoline that could be tapped to prevent shortages and to help hold down prices when hurricanes or other events disrupt supplies.
Justin Blum
Ex-Freddie Mac Chief Loses Lease
The state of Maryland Wednesday terminated a lease with former Freddie Mac chief executive Leland C. Brendsel and his wife for 98 acres of state land surrounding his estate on Wye Island, after an official determined that the lease was improperly awarded.
Annys Shin
Chinese Officials Vow to Spread Growth Benefits
Chinese official vow to spread the benefits of economic growth more fairly among all levels of society, seeking particularly to close the yawning income gap between farmers and city dwellers.
Edward Cody
Ford Rethinks Supply Strategy
Ford Motor Co. yesterday outlined a new parts-buying strategy that the company said would shore up the shaky auto-supply sector.
Sholnn Freeman and Amy Joyce
Consumer Spending Report Bares Katrina's Wrath
Consumer spending plunged in August at the steepest rate since the September 2001 terrorist attacks as Hurricane Katrina slashed Americans' incomes, fanned inflation and caused $170 billion in losses from property damage, the government reported today, in its first tally of the storm's economic…
Nell Henderson
Hocus- Smokeless
When it comes to romance there's little that compares to the allure of fireplaces. Whether they actually provide heat is pretty much irrelevant; it's the fantasy that counts.
Stephanie Cavanaugh
W.R. Grace Deems 180 Misdiagnosed
About 180 people who were diagnosed with asbestos-related illnesses linked to W.R. Grace & Co.'s now-defunct mine in Libby, Mont., were misdiagnosed, the Columbia-based specialty chemical maker asserted in a statement yesterday.
Dina ElBoghdady
Carnival CEO: Profit Growth to Level Off
FORT LAUDERDALE, Fla. — Carnival Corp. chief executive Micky Arison said Friday that the world's top cruise operator's profit growth is nearly back at pre-Sept. 11, 2001, levels, but it should taper off as fuel costs rise.
JOHN PAIN
Northwest Spells Out Recovery Plan
NEW YORK — Executives of Northwest Airlines Corp., the nation's fourth-largest airline, spelled out for creditors on Friday their plans for bringing the company out of bankruptcy, including cost savings of up to $2.5 billion, labor cuts and plans to open a subsidiary that would fly smaller planes.
ALEKSANDRS ROZENS