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  • Crumbling Housing Market Threatens GMAC Unit’s Survival (New York Times)
    GMAC , the finance company owned by General Motors and buyout firm Cerberus Capital Management , lost $2.52 billion in the third quarter, hurt by the housing slump and vehicle lease write-downs, and said Wednesday that its mortgage unit, one of the nation’s largest home loan providers, may not survive.
    dealbook.blogs.nytimes.com
  • Local auto loan market strong, car dealers assert (The Daily Mail)
    CATSKILL — While the recent meltdown on Wall Street has created ripple effects throughout many aspects of the middle-class economy, auto dealerships in the area make no bones about explaining that does not include the average buyer’s ability to secure an auto loan for a new vehicle.
    www.thedailymail.net
  • Visa to improve payment experience for commuters - MENAFN
    (MENAFN - Asia Pulse) Visa Inc. (NYSE:V) today announced it is working with the Los Angeles transit authority to allow train, subway and bus riders to speed through turnstiles and past fare boxes with a simple wave of their Visa payWave-enabled ...
    www.menafn.com
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