Georgia, Texas Banks Shut as Foreclosures Rise; Toll Reaches 25

Georgia, Texas Banks Shut as Foreclosures Rise; Toll Reaches 25

By Margaret Chadbourn and Alison Vekshin Dec. 13 (Bloomberg) -- Georgia and Texas banks with $544 million in deposits were shut by state regulators, raising the failure toll to 25 for this year, as mortgage delinquencies and home foreclosures climb in Learn more here just click .

Jeep launches into St. Augustine building

A Jeep sport utility vehicle crashed into a building -- 4 feet off the ground -- after a St. Augustine man fell asleep at the wheel Friday around lunchtime.

Jason James Larsen, 34, was driving south on U.S. 1 when he fell asleep and accelerated his speed, according to the St. Augustine Police Department. Learn more Here

Obama wants temporary aid for automakers

President-elect Barack Obama said Friday that he hopes there still will be a way to provide temporary assistance to keep the troubled U.S. automakers afloat.

A proposal to bail out the U.S. auto industry failed in the Senate on Thursday night.

"I am disappointed that the Senate could not reach agreement on a short-term plan for the auto industry," Obama said in a statement following Thursday night's defeat of a $14 billion bailout proposal, learn more about this here

Future Of Auto Companys

Learn more about the future of auto company Republicans are challenging the proposal, arguing that any support for the domestic auto industry see more here