Archive for the ‘Finance News’ Category
Stimulus will kick in this year – Obama
Stimulus will kick in this year – Obama
Read full story for latest details.
Posted in 
Banks could shortchange taxpayers
Banks could shortchange taxpayers
The Treasury Department is at risk of short-changing taxpayers by not collecting enough from banks trying to get out from under the government’s thumb, according to a panel that watches over the federal bailout program.
Trade gap narrows to smallest in a decade
Trade gap narrows to smallest in a decade
Read full story for latest details.
G8 energy leaders urge stable oil prices
G8 energy leaders urge stable oil prices
Read full story for latest details.
Obama signs credit card crackdown
Obama signs credit card crackdown
President Obama signed a bill on Friday that makes it tougher for credit card issuers to raise fees and interest rates.
Fed's Kohn: Rates likely to remain near zero
Fed’s Kohn: Rates likely to remain near zero
Read full story for latest details.
Obama's top 10 stocks
Obama’s top 10 stocks
When it comes to policy, President Obama is moving like lightning. But when it comes to his investments, he’s playing it cool.
Source: Obama’s top 10 stocks
Mortgage rescue: Still more hurdles
Mortgage rescue: Still more hurdles
Loan servicers are overwhelmed by the flood of applications. Mortgage investors are angry about a congressional bill prohibiting them from suing servicers that modify loans. Foreclosures are rising as unemployment soars.
The financial meltdown's unhappy anniversary
The financial meltdown’s unhappy anniversary
We’re about to mark the second anniversary of the financial meltdown. But don’t expect to see any clinking of champagne glasses, because except for a handful of prescient (or lucky) speculators, it’s been a ghastly two years. The nightmare started June 12, 2007, when news broke that two Bear Stearns hedge funds speculating in mortgage-backed securities were melting down. That was the precursor to the panics and collapses that have led to a worldwide recession and the fall of mighty institutions like Bear, AIG, Lehman Brothers, and Royal Bank of Scotland.
Fewer flyers – but fuller planes
Fewer flyers – but fuller planes
The skies will be considerably less crowded this summer, with the Air Transport Association projecting a 7% decline in air travel compared to last year.
Source: Fewer flyers – but fuller planes