http://goodcounsels.com Most interesting finance and busines news. Tue, 14 Oct 2008 09:04:28 +0000 http://backend.userland.com/rss092 en Despite tough times for the auto industry, Denver area auto dealer Lisa Schomp is set to open a new 86,000-square-foot BMW dealership next month, the first in the state to sell the new BMW Hydrogen 7 car. The $20 million dealership — which will be called Schomp BMW — is ... http://goodcounsels.com/schomp-set-to-open-new-bmw-store-next-month/ Shares of Morgan Stanley and Goldman Sachs, the last two big investment banks, plunged again Friday as fears about the fate of the banking sector remained front and center in the ongoing global financial crisis.The two companies have been among the hardest hit stocks during this devastating market ... http://goodcounsels.com/morgan-under-siege-as-other-banks-rally/ Trying to stimulate visitor demand, the Hawaii Tourism Authority on Thursday approved an additional $2 million to market the state. That increases the HTA’s fiscal 2009 budget for marketing to $55.5 million. The $2 million will be reallocated from other, as yet unspecified, HTA funds. HTA’s 2009 budget initially totaled ... http://goodcounsels.com/hawaii-allocates-2-million-more-for-tourism-marketing/ The American Planning Association has named the Wilson Boulevard-Clarendon Boulevard corridor in Arlington one of 10 great streets in the U.S. for 2008. The second annual award, sponsored by Chicago-based APA’s Great Places in America program, recognizes the role planning plays in creating communities. Arlington’s implementation of smart growth measures ... http://goodcounsels.com/arlington%e2%80%99s-boulevards-make-list-of-top-streets-in-us/ Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) may sell some bad assets to the Treasury Department but a decision has not yet been made, the regulator of the two mortgage finance companies said on Sunday. "They are financial ... http://goodcounsels.com/regulator-says-fannie-freddie-might-sell-bad-assets/ The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back spending. Labor Department figures showed yesterday that payrolls fell by 159,000 in September, the biggest reduction in five years. ... http://goodcounsels.com/job-losses-pushing-us-economy-into-significant-recession/ The European Central Bank's chief and the chairman of euro zone finance ministers sided with Germany on Thursday in rejecting any need for a European rescue fund for banks suffering from the global financial crisis. France confirmed that President Nicolas Sarkozy would host a summit on the global financial crisis ... http://goodcounsels.com/eu-rescue-fund-rejected-as-us-bailout-advances/ A well known Twin Cities restaurant owner is plans to open a breakfast and lunch spot in downtown Minneapolis in the same space that Hell's Kitchen is plans to vacate this Sunday. John McCarty, who owns a half-dozen restaurants around the Twin Cities, reached a deal this week to lease space ... http://goodcounsels.com/hells-kitchen-space-gets-new-tenant/ U.S. stock markets rebounded Tuesday after a record 778 point loss for the Dow Jones Industrial Average on Monday. Twenty minutes into the regular trading session, the Dow Jones Industrial Average had gained 190.51 points, or 1.84 percent, to 10,555.96. The Standard & Poor’s 500 Index rose 24.42 points, or 2.21 ... http://goodcounsels.com/stocks-rebound-credit-crunch-tightens/ European retail sales fell for a fourth month in September as higher consumer prices and the worsening credit squeeze sapped confidence, the Bloomberg purchasing managers index showed. The measure of sales in the euro area fell to 46.2 from 47.7 in August. A reading below 50 indicates contraction. The ... http://goodcounsels.com/european-retail-sales-fell-fourth-month-in-september/