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- Fed OKs American Express as Bank Holding Company (Finance Technology Network)
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Card co. transforms itself in bid to gain government cash. - GMAC warns on mortgage unit (BBC News)
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GMAC Financial Services reports an increased third-quarter loss and warns its mortgage business Rescap may struggle to survive. - Tenneco Reports Third Quarter Financial Results - MarketWatch
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Tenneco Reports Third Quarter Financial Results MarketWatch - 1 hour ago The company's gross margin in third quarter 2008 was also negatively impacted by the timing of steel cost recovery from a major OE customer. ... - Aetna says it expects 'selective' staff cuts - New London Day
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Hartford - Health insurer Aetna Inc. warned employees that it will pursue “selective” staff cuts as it adjusts to the major economic downturn it expects for next year. Company Chairman and CEO Ronald Williams did not say how many cuts would be ...