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submitted by Ari 199 weeks 1 day 13 hours 13 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)
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submitted by Ari 199 weeks 1 day 13 hours 16 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)
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submitted by JKM for team Green Living 156 weeks 4 days 1 hour 57 minutes ago
Four out of five people say they are still buying green products and services
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submitted by Julia Leigh 149 weeks 2 days 17 hours 25 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)
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submitted by MikeK 225 weeks 6 days 4 hours 56 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.
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submitted by Oscar Contreras 91 weeks 6 days 1 hour 53 minutes ago
In a matter of minutes, the Dow Jones industrial average tumbled about 565 points, losing almost 1,000 points on the day. The Standard & Poor’s 500-stock index and the Nasdaq followed suit. Computer programs intensified the selloff as market fell through some limits.
And then, almost as...(more)
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submitted by Grace 163 weeks 3 days 2 hours 53 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.
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submitted by AB 175 weeks 2 days 7 hours 58 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.
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submitted by Grace 147 weeks 4 days 3 hours 57 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.
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submitted by Mr X 172 weeks 4 minutes ago
Despite cheaper oil and looser credit, stock investors on Wednesday could not shake their fears about the consequences of an economy that many believe is already in a recession. Worries about the corporate sector sent the Dow Jones industrials down more than 500 points for the...(more)
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submitted by Grace 171 weeks 5 days 6 hours 48 minutes ago
When is a 300-point plunge a relief?
Wall Street was pondering that question on Friday as stocks in the United States picked up a sharp sell-off that began in Asia and Europe. But before the opening bell, things appeared much worse.
Stock futures, essentially what investors are betting...(more)
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submitted by Grace 108 weeks 4 days 51 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.
