Business news for Mon, 17 Dec 2007 & with word facing. 10 news.

The former Fed chairman said that helping homeowners directly would create "a short-term fiscal problem" for the government, but that doing so would be more effective than solutions like freezing mortgage rates.

Three decades ago it was a little off-Loop theater. Now it's a big company, facing some big challenges

BP is facing a new public relations problem in the US, where a city in Kansas claims the oil giant broke promises to clean up pollution at a refinery

CDW Corp. is facing its strongest challenge yet from computer giant Dell Inc. In the past, Dell has tried and failed to crack CDW's domination of the small and mid-sized business market. This time, Dell is putting some muscle behind its push, hiring a salesforce to work with the smaller resellers ...

HONG KONG (MarketWatch) -- Lehman Brothers is facing legal action from municipal governments in Australia who say they were sold high-risk collateralized debt obligations by the firm's local unit Grange Securities, according to reports. Two government councils in New South Wales and a third in Western Australia are among those considering legal action, the Financial Times reported on its Web site Monday. Lehman-orginated CDOs were reportedly also sold to charities and a public hospital provider. The report said some Australian councils had as much as 70% of their assets devoted entirely to CDOs. Lehman reportedly said investment products sold through its subsidiary in Australia complied with local regulations.

A local economics scholar is warning that Taiwan's IT industry is currently facing three big challenges, resulting from a lack of innovation in research and development, heavy reliance on foreign technologies and a drop in companies' added-value within the industry.

Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy. He cautioned against meddling with home...

Alan Greenspan, former chairman of the Federal Reserve, suggested Sunday that a tax break or other government financial help for homeowners facing the mortgage crunch would be the best political fix for the economy.

In the third annual Business Journal panel discussion, representatives of three of Northeast Florida's largest developments of regional impact outlined how their projects started, how they're placed now during a real estate down cycle, and how they're facing the future.

Republican Presidential candidates, facing intense pressure to talk tough on immigration, are losing some support from the business community