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Five more banks fail - 120 for the year (07 November 09:13) |
| Five banks failed late Friday, bringing the 2009 tally to 120. |
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Four more banks fail - 119 for the year (07 November 06:02) |
| Four banks failed late Friday, bringing the 2009 tally to 119. |
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Stocks rise on day week (07 November 05:04) |
| Stocks ended a volatile session higher Friday, on bets that the unemployment rate's spike to a 26-year high means the worst for the labor market has already happened. |
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Banks fail in Georgia and Michigan (07 November 04:59) |
| A bank in Georgia and one in Detroit failed on Friday, bringing the 2009 tally to 117. |
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Art auction lifts hope for industry rebound (07 November 02:09) |
| A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way. |
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Berkshire Hathaway for $68 Sweet! (07 November 02:06) |
| I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,39... |
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Teens suffer record unemployment (07 November 01:49) |
| Americans of all ages are being hurt by the weak job market, but the nation's teens are in a particularly bad spot. |
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$8000 homebuyers tax credit extended (07 November 01:48) |
| President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday. |
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Oil sinks nearly 3 after jobs report (07 November 01:33) |
| Read full story for latest details. |
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Stop the jobless recovery madness! (07 November 12:38) |
| It's time to stop glorifying our economic doldrums with this "jobless recovery" nonsense. |
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Obama signs jobless benefit extension (06 November 10:43) |
| President Obama said he signed into law Friday a bill to provide up to 20 additional weeks of jobless benefits to unemployed Americans and extend the $8,000 tax credit for new homebuyers int... |
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Meet the new leaders of banking (06 November 09:34) |
| JPMorgan Chase, Wells Fargo and other bank behemoths have bulked up over the past year. But they're not the only ones getting bigger these days. |
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Stocks seesaw after jobs jolt (06 November 09:30) |
| Stocks zigzagged early Friday in a choppy session in which investors mulled a weaker-than-expected October jobs report that saw the unemployment rate spike to a 26-year high. |
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Oil falls below $78 after jobs report (06 November 09:16) |
| Read full story for latest details. |
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Gold breaks $1100 (06 November 09:14) |
| Gold powered through $1,100 an ounce Friday after the U.S. government said the nation's unemployment rate rose more than expected last month, fueling demand for the metal as a safe haven. |
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Unemployment hits 102 (06 November 08:55) |
| The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls. |
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Stocks recover after jobs jolt (06 November 08:22) |
| Stocks turned higher Friday after an opening selloff, as investors eyed a weaker than expected October jobs report that saw the unemployment rate spike to a 26-year high. |
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Wall Street awaits jobs report (06 November 06:10) |
| U.S. stocks were set for a lukewarm start Friday, as investors awaited the release of the government's all-important monthly employment report. |
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AIG profitable for second straight quarter (06 November 05:56) |
| AIG reported its second profitable quarter in a row early Friday, as stabilization in the mortgage and credit markets helped boost results. |
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Health insurance tax = higher wages (06 November 02:56) |
| When was the last time your employer gave you a raise because the company had a little windfall? Don't feel bad if your memory is drawing blanks. |
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Fannie Mae posts $19 billion loss on bad loans (06 November 05:59) |
| Read full story for latest details. |
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Three cheers for college football towns (06 November 05:01) |
| Many Americans love living in university towns, especially ones with big-time college football teams. One of the surprising attractions of these places is that they can be very affordable. |
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Getting by with a skeleton staff (06 November 04:16) |
| Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down. |
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Businesses get a break in unemployment bill (06 November 03:04) |
| The unemployment insurance bill on the way to President Obama's desk won't just help the jobless and the homebuyer. It also includes a long-awaited break for businesses that will let them qu... |
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Congress approves more benefits for jobless (06 November 02:18) |
| Unemployed Americans are set to get up to 20 additional weeks of jobless benefits, while new homebuyers are poised to see the $8,000 tax credit extended into mid-next year. |
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Dow tops 10000 (06 November 02:00) |
| Stocks rallied Thursday, with the Dow industrials topping 10,000, after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved Oct... |
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Why the Droid wont save Motorola (06 November 12:49) |
| Motorola is obviously hoping that, to twist a famous Obi-Wan Kenobi quote from "Star Wars," its heavily hyped new phone is the Droid people are looking for. |
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Avoid foreclosure Rent your own home (06 November 12:12) |
| Giving troubled borrowers yet another way to avoid foreclosure, Fannie Mae said on Thursday it would allow eligible homeowners to rent their own homes. |
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AIGs profits wont erase its problems (06 November 12:09) |
| AIG is expected to report its second profitable quarter in a row early Friday, but the troubled insurer still faces a large uphill battle in its attempt to return to solid footing. |
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Time to drain Wall Street bonus pool (05 November 11:53) |
| Is the Fed about to hit the brakes on the Wall Street gravy train? |
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Readers revolt over Ford (05 November 11:32) |
| A recent column of mine, "All is not rosy for Ford reliability," drew an unusually large and vigorous number of comments from readers -- 100% of them negative. |
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Fed moves spark bubble fears (05 November 11:27) |
| Read full story for latest details. |
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Stocks surge on jobless claims (05 November 10:53) |
| Stocks rallied Thursday after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales. |
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Could Citi lose its Mexican bank (05 November 10:31) |
| Citigroup could face losing its Mexican subsidiary Banamex, after Mexican senators asked the Supreme Court, on Wednesday, to rule whether or not the local bank would be breaking the law by b... |
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Ford to introduce inflatable seat belts (05 November 10:04) |
| Ford Motor Co. said Thursday that it will begin equipping certain vehicles with inflatable seat belts that the company says will help prevent injuries in auto accidents. |
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Americans still bagging bargains and bulk buys (05 November 08:27) |
| Despite much hope that Americans are finally thawing out of their year-long self-imposed shopping freeze, store sales last month were good in pockets -- but not great, as many analysts were ... |
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Gold steadies near $1100 (05 November 07:24) |
| Gold was modestly higher Thursday as the dollar firmed and investors took a step back following the metal's recent push near $1,100 an ounce. |
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Holiday retail Forget rock-bottom markdowns (05 November 07:22) |
| Recently a friend was shopping for boots at Saks, only to be told the store was out of her size. "You're the sixth person I've had to turn away," the sales clerk said. My friend is not alone... |
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The decade of Steve (05 November 06:43) |
| How's this for a gripping corporate story line: Youthful founder gets booted from his company in the 1980s, returns in the 1990s, and in the following decade survives two brushes with death,... |
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Weak open seen for Wall Street (05 November 06:01) |
| U.S. stocks were expected to open lower Thursday, as investors remained jittery ahead of a flurry of economic data. |
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Yankees got their moneys worth (05 November 05:28) |
| The New York Yankees, who became World Series champs for the 27th time Wednesday night, logged the highest payroll in baseball for the 2009 season. This time, they definitely got what they p... |
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Fighting the five-finger discount (05 November 03:24) |
| Inventory losses are on the rise, thanks mostly to cashiers giving themselves and friends five-finger discounts. Employees stole an estimated $15 billion from retailers last year, according ... |
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Be a smarter charitable giver (05 November 03:16) |
| When it comes to charitable giving, some well-intentioned moves can backfire. |
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Never too old for stocks (05 November 02:57) |
| Question: I'm nearing retirement, but would like to continue investing in stocks and bonds. My question: Should retirees continue to put money into the markets even after they have retired? ... |
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Toyota reports surprise profit (05 November 02:38) |
| Read full story for latest details. |
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Senate throws a lifeline to the jobless (05 November 06:14) |
| After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit. |
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Chrysler breaks even for September (05 November 04:27) |
| Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday. |
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House votes to speed up credit card reform (05 November 04:11) |
| The House passed a bill Wednesday to move up the effective date for credit card reforms to Dec. 1, from February and August 2010. |
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Chrysler broke even in September (05 November 03:01) |
| Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday. |
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Stocks give up gains after Fed (05 November 02:43) |
| Stocks ended mixed Wednesday, giving up bigger gains after the Federal Reserve kept interest rates unchanged and said it will keep them low for an extended period. |
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