FACTBOX-China’s recent measures to spur growth - CNBC
BEIJING, Nov 6 (Reuters) - China will spend 1 trillion yuan ($146.5 billion) over the next three years to rebuild areas ravaged by May’s Sichuan earthquake, media reported on Thursday, citing the country’s top planning agency. Following are some

NY lawsuit: Bear Stearns built a ‘house of cards’ - International Herald Tribune
NEW YORK : A company that insured groups of mortgage loans for a subsidiary of Bear Stearns accused the investment bank in a lawsuit Wednesday of building a “house of cards” through fraud and misrepresentations. Ambac Assurance Corp., based in

Bond Risk Rises as Mortgage Losses Prompt Cut in Ambac Rating - Bloomberg
Nov. 6 (Bloomberg) — The cost of protecting Japanese and Australian corporate bonds from default rose, ending two days of declines, as Moody’s Investors Service cut Ambac Financial Group Inc. ’s bond insurance rating by four levels. The Markit

GMAC mortgage lender’s future in doubt - Reuters
NEW YORK (Reuters) - The Residential Capital LLC affiliate of automaker General Motors Corp (GM.N: Quote , Profile , Research , Stock Buzz ) may soon join the ranks of U.S. mortgage lenders that failed to navigate the deepening housing crisis. The