UPDATE 1-U.S. bank group supports FDIC loan modifications

WASHINGTON, Dec 12 (Reuters) – The American Bankers Association trade group said on Friday it supports using the Treasury Department’s financial relief package to modify distressed mortgages. In a letter to the Treasury Department and the Federal Deposit

Canada, Ontario agree on conditional auto aid plan

TORONTO, Dec 12 (Reuters) – Canada’s industry minister said
on Friday that the federal and Ontario governments have agreed
to provide aid to automakers as soon as the U.S. government
approves a rescue package.

U.S. says North Korea will not get more fuel until deal

WASHINGTON (Reuters) – North Korea will not get outstanding shipments of heavy fuel oil until the communist state agrees to steps to verify its nuclear activities which it rejected earlier this week, the United States said on Friday.

White House says mulling TARP funds for automakers

ABOARD AIR FORCE ONE (Reuters) – The White House said on Friday it was considering tapping a $700 billion financial industry bailout fund to prevent a collapse of ailing U.S. automakers.

US STOCKS-Wall St climbs on hopes for auto aid, tech support

Second of Jonathan Chevreau two-part interview with David Chilton, author of the Wealthy Barber First of Jonathan Chevreau two-part interview with David Chilton, author of the Wealthy Barber U.S. President-elect Obama pledges the largest infrastructure

BRIEF-EOn Communications to buy Cortelco for up to $11 mln in cash

(Reuters via COMTEX) — EONCD | Quote | Chart | News | PowerRating — eOn Communications Corp: * To purchase Cortelco Systems Holding Corp for up to $11 million in cash * Says Cortelco shareholders, upon the closing of the sale, will receive a prepayment

Mymetics Corporation Retains Lazard to Further the Company?s Merger, Acquisition and Expansion Activities.

— Mymetics Corporation (OTCBB: MYMX), announced today that it has retained Lazard as its financial advisor to provide the company with independent advice on strategic transactions, tactical acquisitions and other financial matters for the period 2009 to