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G.E. Plans $2 Billion in Cuts at Finance Arm Next Year
General Electric said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate’s results as a result of the global credit crunch.

Senate Finance Committee Chairman Baucus and Senator Grassley Release Discussion Draft of New Medicare Legislation
(RTTNews) - Senate Finance Committee Chairman Max Baucus and Senator Chuck Grassley (R-IA) released a bipartisan discussion draft of legislation Wednesday that would establish a value-based purchasing program for inpatient hospital care in the Medicare program.

Senate Finance Committee Chairman Baucus Argues Need For Health Care Reform
(RTTNews) - Senate Finance Committee Chairman Max Baucus gave remarks at a hearing, it was announced Wednesday, where he argued the need for health care reform.

The Bank of New York Mellon Launches Comprehensive Trade Finance Product Suite
Global Trade Finance SolutionsSM from Treasury Services Group provides on-line platform for end-to-end management of supply chain process.

RI Senate president names finance chairman
Rhode Island Senate President-elect has made her first major appointment. M. Teresa Paiva-Weed on Tuesday selected Sen. Daniel DaPonte to be the new Senate Finance Committee chairman.

Personal Finance Daily: You don't need nearly as much in equities as you've been sold
Learn the truth about the stocks-versus-bonds question, find out how you can now 'out-Buffett' Warren Buffett, and get the latest news on the clash over helping homeowners, all in today's Personal Finance section.

GE says finance arm changes to save $2 billion in '09
General Electric Co said on Tuesday it was reorganizing its finance arm, GE Capital, with an eye toward saving $2 billion next year.