Britannia Radio

Toyota warns of big annual loss : Toyota Motor, the world's biggest automaker, warned Friday it expects an annual operating loss of 4.9 billion dollars, its first ever, as the economic crisis sends car sales plunging.

UK: Bail-out bankers rush through bonuses to thwart Government crackdown: Politicians today condemned a rush by thousands of bankers to pick up bonuses of millions of pounds before a government crackdown.

Bush overpaid banks in bailout, watchdog says: The Bush administration overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions, a new study by a government watchdog says.

List of Banks Receiving Funds From $700B TARP: This list includes all the banks receiving funds from the Treasury's $700B Troubled Assets Relief Program (TARP).

On the Brink of Bankruptcy, U.S. Auto-Parts Companies Seek Bailout: U.S. companies that make and supply auto-parts to major carmakers are pleading for a bailout from Washington, as many are now on the verge of declaring bankruptcy. Auto-parts companies may seek between $10 billion and $12 billion in cash and guarantees from the federal government as soon as this week.

US jobless claims hit 26-year high: The latest data confirms that the US economy is continuing to contract at an accelerating pace. Broad layers of the population are being hit with mounting layoffs, wage cuts, and worse working conditions.

Senate approves $15,000 tax credit for homebuyers: The homebuyer tax credit offered by GOP Sen. Johnny Isakson would apply to any home purchased as a main residence and would cost taxpayers $19 billion. Senators approved it by a voice vote, adding the idea to President Barack Obama’s economic recovery bill.

Revolt brews in counties: Counties in California say they've had enough – and they aren't going to take it anymore. In what amounts to a Boston Tea Party-style revolt against the state Capitol, they're threatening to withhold money.