The bank’s loan weakness has since spread as the general economy, especially in its core Rockford market, went into drastic decline. The jobless rate in Boone and Winnebago counties was at 13.5 percent at the end of March.
Monday, April 27, 2009
AMCORE lets go of 2 top execs - - BusinessRockford.com
GM might be 89 percent-owned by the U.S. government and the United Auto Workers| Reuters
The new GM that would emerge from the restructuring would be 89 percent-owned by the U.S. government and the United Auto Workers unions
“The bond exchange needs to be successful for us to avoid bankruptcy," Henderson[CEO of GMC] said. "It's not impossible, but bankruptcy is now more probable."
Swine Flu: 5 Things You Need to Know About the Outbreak
Hong Kong, New Zealand and Spain reported potential new cases in which people had been infected with swine flu and Canada confirmed several new cases
only one American has been infected so far who had not recently traveled to Mexico - a woman in Kansas got sick after her husband returned from a business trip in that country,
GM to cut 21,000 US factory jobs, shed Pontiac
GM said in a news release that it will ask the government to take 50 percent of its common stock in exchange for canceling half the government loans to the company as of June 1.
Chrysler and Union Agree to Deal Before Federal Deadline - NYTimes.com
But many still expect Chrysler to go into Chapter 11 but “My sense is that it’s not liquidation, that it would be a reorganization,”
A new company would be set up with the best assets of Chrysler, these people said. Fiat of Italy would own 20 percent to 35 percent of the new Chrysler, they said, with the government also holding a stake. Some of the equity in the new company would also be given to Chrysler’s creditors as repayment.
Click on the following for the rest of the story: Chrysler and Union Agree to Deal Before Federal Deadline - NYTimes.com
Shortage of Doctors Proves Obstacle to Obama Goals - NYTimes.com
To cope with the growing shortage, federal officials are considering several proposals. One would increase enrollment in medical schools and residency training programs. Another would encourage greater use of nurse practitioners and physician assistants. A third would expand the National Health Service Corps, which deploys doctors and nurses in rural areas and poor neighborhoods
Shortage of Doctors Proves Obstacle to Obama Goals - NYTimes.com
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