Business news for Mon, 24 Dec 2007 & with words department+plan. 2 news.

The Treasury Department's plan to help struggling homeowners by freezing the interest rates on some adjustable-rate mortgages looks like a modest response to the burgeoning subprime crisis.

BAE Systems, Britains biggest defence contractor, has confirmed its plan to increase its presence in the lucrative US market with the acquisition of an American technology company which is a key supplier of logistics to the Department of Defense ('DoD).