Wednesday, December 31, 2008

Your Money: Top 10 Business Stories of 2008

In a year heavy with financial news, Wall Street's woes were voted the top business story by U.S. newspaper and broadcast editors surveyed by the Associated Press. AP Personal Finance Editor Trevor Delaney takes a closer look.

Your Money: Dealing With Landlords

As a renter you should know your rights when dealing with your landlord. AP Personal Finance Editor Trevor Delaney explains.

AP Money Minute: Record Low Mortgage Rates

Number of those on unemployment grows; 30 year mortgage rates drop; Macy's double-debits some customers; Viacom in dispute with Time Warner Cable.

Monday, December 22, 2008

Dec. 22: Wall Street Falls on Toyota Outlook

Wall Street has started a holiday-shortened week with evidence that even stronger companies are struggling in the face of tighter spending by consumers.

Wednesday, December 17, 2008

Asian Markets Cautious After Fed Rate Cut

Stock markets in Asia were up in overnight trading, but not nearly as much as U-S stocks on Tuesday. Investors continue to be concerned about the U-S recession and a weakening dollar.

Tuesday, December 16, 2008

Money Minute: GE; Ford, OPEC

General Electric is affirming its 2008 outlook but is not providing any annual or quarterly guidance for next year. The AP's David Melendy reports.

Monday, December 15, 2008

Your Money: Commodity ETFs

Every so often, a new investment product taps into not just one trend but two. Such was the case with commodity-oriented exchange traded funds. AP Personal Finance Editor Trevor Delaney explains.

Friday, December 12, 2008

Asian Markets Tumble After Auto Bailout Collapse

Asian stocks tumbled in trading on Friday after word of the collapse of a bailout bill for Detroit's ailing automakers. Stocks in Japan fell more than five percent, while stocks in Hong Kong sank nearly seven percent.

$14B Auto Bailout Dies in Senate

A $14 billion bailout for Detroit's struggling Big Three has died in the Senate. The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the labor union agree to steep wage cuts.

Tuesday, December 9, 2008

Your Money: Worry Over Auto Warranties

With the Big Three automakers teetering on the brink of bankruptcy, you may have concerns over the state of your manufacturer's warranty. AP Personal Finance Editor Trevor Delaney offers insight into what happens next.

AP Top Stories 12.09.08

Illinois governor arrested on corruption charges; Fighter jet engines may have failed before crash in to San Diego neighborhood, NYPD officers charged with assault; Leno to move to prime time.

AP Top Stories 12.09.08

3 dead after a fighter jet crashes Calif.; New York police step up search for missing woman; Former NY congressman sentenced to 5 days in jail for DUI; Negotiations on auto industry bailout continue.

Monday, December 8, 2008

Money Minute: Home Loans, Big Three, McDonald's

More than half of all homeowners who had their homes loans modified in the early part of this year are already in default. The AP's Mark Hamrick reports.

Saturday, December 6, 2008

Washington Talking $15 Billion for Automakers

Congressional Democrats and the White House reach agreement on about $15 billion in bailout loans for the beleaguered auto industry, less than what industry executives came asking for in Washington.

Friday, December 5, 2008

More Than Half Million Jobs Axed in November

Employers axed 533,000 jobs in November, the largest cutback in 34 years. The Labor Department's report pushes the unemployment rate to 6.7 percent - a 15 year high.

AP Top Stories 12.05.08

Democrats fight for automakers; O.J. Simpson to be sentenced; Blackwater guards could get 30 years; Thailand airport reopens.

Thursday, December 4, 2008

Your Money: Defining a Recession

The National Bureau of Economic research recently announced the U.S. economy has been in recession for a year. AP Personal Finance Editor Trevor Delaney explains what took so long to get that resolution.

AP Top Stories 12.04.08

Big Three return to Washington; Rice in Pakistan; Calif. Train engineer not on drugs during Sept. crash; NYC lights Rockefeller Center tree.

Wednesday, December 3, 2008

Chrysler Exec: Failure Could Spark Depression

A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.

Tuesday, December 2, 2008

AP Top Stories 12.02.08

Arrest in the murders of Hudson's relatives; Burress posts $100-thousand bail; Clinton nominated for Obama's Secretary of State; Largest solar panel installation in California.

Dec. 2: Wall Street Advances 270

Buyers have returned to Wall Street, sending stocks higher in a session that was marked by indecision over the fate of the auto industry.

Monday, December 1, 2008

Holiday Shopping Season Off to a Modest Start

The Thanksgiving shopping weekend doesn't appear to have been the disaster some had feared. Retailers took in an estimated $10.6 billion on Black Friday and turn their hopes to "Cyber Monday."

Your Money: Shopping for Deals Online

Several websites are available to help consumers seek out the best deals. AP Personal Finance Editor Trevor Delaney highlights some of the more popular Web sites.

Paulson: Other Rescue Programs Being Examined

Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.

Money Minute: Recession, Paulson, Oil

t's official. The United States is in recession. That's according to the National Bureau of Economic Research. The AP's Mark Hamrick reports.