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Retailing Chains Caught in a Wave of Bankruptcies

a shared story    419 weeks 5 days 3 hours 42 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    419 weeks 5 days 3 hours 46 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    369 weeks 6 days 7 hours 54 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    446 weeks 2 days 19 hours 25 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    383 weeks 6 days 17 hours 22 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    395 weeks 5 days 22 hours 27 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    368 weeks 18 hours 26 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    329 weeks 15 hours 20 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. 



buzz  1  + buzz


Schumer: Probe billboards using phone data to track shoppers

a shared story    9 minutes ago
NEW YORK (AP) -- An outdoor advertising company that owns thousands of billboards across the country, including in Times Square, and around the world, is using mobile photo data to learn about people who are passing their displays in order to cater ads to specific consumers,...(more) 



buzz  13  + buzz


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

a shared story    375 weeks 6 days 9 hours 14 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) 



buzz  1  + buzz


Thousands march in Moscow's Red Square for May Day rally

a shared story    1 hour 9 minutes ago
Trade unions and other groups are staging rallies around the world to mark International Workers Day. A look at some May Day events:... 



buzz  1  + buzz


Iraq says oil exports, revenues increase in April

a shared story    1 hour 9 minutes ago
BAGHDAD (AP) -- Iraq says April crude oil exports have increased by 2.3 percent from the previous month, filling cash-strapped coffers amid an acute economic crisis.... 



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