Word: businessness
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The lone exception is housing. Mortgage brokers say it is still hard for individuals with bad credit to get home loans. The subprime home loan market peaked in 2005, according to the publication Inside Mortgage Finance. That year, thousands of lenders and mortgage brokers handed out $625 billion in mortgages...
Initially, many thought the financial crisis would be disastrous for subprime lenders, but that just hasn't panned out. One reason is those big banks that left the playing field. As more and more banks tightened their credit standards in 2008 and '09, the smaller lenders to people with poor...
See the best business deals of 2009.
The announcement by French aerodefense group EADS that it was pulling out of the bidding process for a $35 billion contract to supply midair refueling planes to the Pentagon sent shock waves across Europe this week. EADS, which was partnering in the bid with the U.S. company Northrop Grumman, based...
Why the cries of foul from the French? EADS initially lost the refueling-aircraft bid in 2003 - only to see the decision overturned on evidence that Boeing hadn't played fairly in winning it. Then in 2005, EADS sought to improve its chances of success by allying itself with American...