Obama readies steps to fight foreclosures, particularly for unemployed

The Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

Economic Agenda: March 26, 2010

Key Events At 8:30 a.m. -- The Commerce Department releases its final estimate of gross domestic product growth for the fourth quarter of 2009. Economists surveyed by Bloomberg expect the estimate to remain unchanged at 5.9 percent. The government is expected to announce its new effort to combat ...

In response to new rules, GoDaddy to stop registering domain names in China

GoDaddy.com, the world's largest domain name registration company, told lawmakers Wednesday that it will cease registering Web sites in China in response to intrusive new government rules that require applicants to provide extensive personal data, including photographs of themselves.

Unemployment benefits set to expire April 5

Unemployment benefits are set to expire for at least a week on April 5, as Congress plans to break for two weeks without agreeing on an extension of the program.

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BofA initiative may reduce mortgage balances of underwater homeowners

Bank of America, the nation's largest mortgage lender, announced a program Wednesday that it said could reduce the mortgage balances of about 45,000 homeowners nationwide who owe significantly more than their homes are worth.

Telecom giant challenges FCC role in broadband

One of the nation's biggest telecommunications providers urged the Federal Communications Commission on Wednesday not to assert its authority over Internet services, a challenge that comes as the agency embarks on a 10-year effort to greatly expand broadband access across the country.

Michael Chertoff joins board of defense contractor BAE Systems

Herndon-based Network Solutions said it planned to stop registering Web sites in China in response to intrusive new government rules that require applicants to provide extensive personal data, including photographs of themselves.

Q&A: Will foreclosure-prevention measures affect me?

The Obama administration plans to announce Friday that it is revamping its foreclosure-prevention efforts. Here is how the changes may affect you:

Dubai World may get $9.5 billion in government aid; Oracle slips, but sales rise

Dubai's government said it would pump up to $9.5 billion into Dubai World, outlining a long-awaited restructuring plan aimed at rescuing its debt-saddled chief conglomerate and recapturing the emirate's image as a business-friendly oasis.

AAR buys former aircraft contractor of what was Blackwater

A Chicago area aircraft service company said Thursday that it will pay $200 million to buy the aviation unit of the security contractor company formerly known as Blackwater Worldwide.

Post Co. chairman declined bonus or salary increase in 2009

Washington Post Co. chairman and chief executive Donald E. Graham declined any annual bonus or salary increase in 2009, leaving his base pay at $400,000 for the 19th consecutive year, according to a report filed with the Securities and Exchange Commission.