Articles by William Heisel

The parent company of Downey Savings reported widening losses today as more borrowers fell behind on their mortgage loans. Read more

Struggling Downey Savings said it would eliminate one of its loan departments, cutting 200 jobs, as it scales back the operations most responsible for recent losses. Read more

As he struggles to convince voters he is the best candidate to handle the economy, John McCain is considering whether to issue a new set of economic proposals, possibly including lower taxes on dividends and capital gains. Read more

Tiny dogs crushed the considerable box-office prowess of Russell Crowe and Leonardo DiCaprio to make “Beverly Hills Chihuahua” the first film since August to take the No. Read more

The last two years haven’t been easy for Broadcom billionaire Henry T. Nicholas III. He split up with his wife. Read more

As the nation prepares to pay the price for years of unfettered property speculation, a collection of online companies is hoping to cash in on an oncoming wave of foreclosure sales by auctioning distressed homes online – with significant consequences for homeowners as well as purchasers.¶ Next month, Duval County in Florida will be the first in the country to hold an Internet foreclosure auction, forgoing the traditional courthouse sale in the hope of attracting buyers from other areas. Read more

Dale Klotz’s business repairing power tools took a nose dive when foreclosure signs sprouted up on lawns across the northern suburbs of Denver here. Read more

The humble checking account, long overshadowed by sexier and higher-risk investment vehicles, may have a key role to play in the revival of the nation’s gasping financial system. Read more

Members of Congress were pressed hard Monday by financial industry lobbyists and consumer advocates alike seeking favorable language in the massive bailout bill expected to come for a vote this week. Read more