general business
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Retailing Chains Caught in a Wave of Bankruptcies

a shared story    397 weeks 6 days 3 hours 26 minutes ago
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country. Since last fall, eight mostly midsize chains — as diverse...(more) 

Food Costs Rising Fastest in 17 Years

a shared story    397 weeks 6 days 3 hours 30 minutes ago
Maybe the candidates should consider talking about an issue for a change instead of dragging everyone down. Here's a suggestion, from the story: "Steve Tarpin can bake a graham cracker crust in his sleep, but explaining why the price for his Key lime pies went from $20...(more) 

AIG crisis could be tip of an insurance iceberg

a shared story    348 weeks 7 hours 38 minutes ago
When insurance giant American International Group Inc. imploded last fall, the firm's problems were quickly blamed not on its core insurance business, but on an obscure operation that traded exotic mortgage securities. But as the economic crisis has deepened, it has become clear that AIG's problems extend...(more) 

US Foreclosure Filings Nearly Double in September

a shared story    424 weeks 3 days 19 hours 9 minutes ago
Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday. 

AP study finds $1.6B went to bailed-out bank execs

a shared story    362 weeks 17 hours 6 minutes ago
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. 

buzz  17  + buzz

Citigroup Buys Banking Operations of Wachovia

a shared story    373 weeks 6 days 22 hours 11 minutes ago
Citigroup has agreed to buy Wachovia’s banking operations for $1 a share, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders.  

The American mood: Is the angst bottoming out?

a shared story    346 weeks 1 day 18 hours 10 minutes ago
Friday night in northern New Jersey, circa April 2009, offers clues to prove any theory about the American economic meltdown, depending on what you want to believe. Just like so many places these days. 

FHA's dilemma - back loans, stay solvent

a shared story    307 weeks 1 day 15 hours 5 minutes ago
Keally McBride and her husband both have good jobs and credit scores, but they would not have been able to buy their three-bedroom home in Oakland's Grand Lake area if not for Federal Housing Administration insurance that allowed them to put down just 3.5 percent. 

How can people safely take control from a self-driving car?

a shared story    53 minutes ago
LOS ANGELES (AP) -- New cars that can steer and brake themselves risk lulling people in the driver's seat into a false sense of security - and even to sleep. One way to keep people alert may be providing distractions that are now illegal.... 

buzz  1  + buzz

Cyber Monday adds to online sales surge

a shared story    53 minutes ago
Cyber Monday is expected to add to one of the busiest weekends for online shopping, following Black Friday. 

buzz  13  + buzz

On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    354 weeks 8 hours 59 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

Congress returns to looming deadlines on budget, highways

a shared story    1 hour 53 minutes ago
WASHINGTON (AP) -- Lawmakers are returning to Capitol Hill to wrap up work on the budget, highway funding and taxes, an end-of-the-year stretch that will test the standing of Republican leaders like House Speaker Paul Ryan with the GOP's tea party wing and its anti-establishment presidential...(more) 

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