Exxon Mobil has reported a $45.2 billion profit for 2008. A record for a U.S. Company.
Friday, January 30, 2009
Money Minute: Exxon-Mobil, Fannie Mae, Obama
Posted by Dstall at 4:00 PM 0 comments
Labels: earns, exxon-mobil, fannie mae, minute, News - Politics, obama
Wednesday, January 28, 2009
Money Minute: GM, TARP, Layoffs
General Motors is ending its controversial "jobs bank" program.
Posted by Dstall at 1:51 PM 0 comments
Labels: GM, layoffs, minute, News - Politics, tarp
Fed Pledges to Use All Tools to Help Economy
The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at a record low for quite "some time."
Posted by Dstall at 1:48 PM 0 comments
Labels: economy, fed, interest_rates, News - Politics, pledges, tools
Fed Moves to Help Distressed Homeowners
With foreclosures spiking, the Federal Reserve is taking steps to try to keep some distressed borrowers in their homes.
Posted by Dstall at 1:47 PM 0 comments
Labels: distressed homeowners, fed, foreclosure relief, moves, News - Politics
Tuesday, January 27, 2009
Netflix Sees Continued Growth During Recession
Netflix's DVD rental and Internet streaming service is becoming increasingly appealing to recession-weary consumers and making some analysts more upbeat about the company's prospects.
Posted by Dstall at 1:14 PM 0 comments
Labels: earns, netflix sees continued growth, recession, Science - Technology
Your Money: 401(k) Withdrawls
AP Personal Finance Editor Trevor Delaney answers a question regarding the new rules surrounding minimum distribution rules for retirees.
Posted by Dstall at 1:12 PM 0 comments
Labels: 401(k) withdrawls, News - Politics, on the money
Money Minute: Home Prices, NY Fed, Thain
Home prices tumbled by 18.2 percent in November, the sharpest annual rate on record.
Posted by Dstall at 1:09 PM 0 comments
Labels: home prices, minute, News - Politics, ny fed, thain
AP Top Stories 01.27.09
Blagojevich continues media blitz; Winter woes freeze roads; Renewed violence breaks Israeli-Palestinian cease fire; California mom gives birth to octuplets.
Posted by Dstall at 1:03 PM 0 comments
Labels: ap, minuteworld, News - Politics
Monday, January 26, 2009
Your Money: Reverse Mortgages
What is the best way to pay off a reverse mortgage if you don't have the cash?
Posted by Dstall at 2:42 PM 0 comments
Labels: News - Politics, on the money, reverse mortgages
Money Minute: Job Cuts, Job Cuts, Job Cuts
It's shaping up to be another lousy year for workers, with more companies expecting to cut payrolls.
Posted by Dstall at 2:41 PM 0 comments
Labels: cuts, economy, minute, News - Politics
Friday, January 23, 2009
Thain Resignation Raises Accountability Issue
With the nation's financial system teetering on the edge of failure, John Thain's resignation from Bank of America is again raising the issue of accountability.
Posted by Dstall at 1:40 PM 0 comments
Labels: entitlement, News - Politics, thain resignation raises accountability
Your Money: Tax Breaks for Job Seekers
Costs associated to finding a job may be deductible on your 2008 tax returns. AP Personal Finance Editor Trevor Delaney explains.
Posted by Dstall at 1:38 PM 0 comments
Labels: News - Politics, on the money, tax breaks for job seekers
Thursday, January 22, 2009
Jan. 22: Dow Slips on Microsoft Layoffs
Stocks ended another fractious session with sizable losses.
Posted by Dstall at 3:16 PM 0 comments
Labels: dow slips on microsoft layoffs, jan. 22, News - Politics, wall street
Wednesday, January 21, 2009
Money Minute: Toyota, IBM, Coke
General Motors has been stripped of the No. 1 global sales crown, losing the title to Japan's Toyota.
Posted by Dstall at 1:49 PM 0 comments
Labels: auto sales, coke, ibm, minute, News - Politics, toyota
Monday, January 19, 2009
Money Minute: British Banks, Euro, Kellogg
Britain has announced it will insure banks against large-scale losses, the second government rescue plan in three months.
Posted by Dstall at 3:04 PM 0 comments
Labels: banks, britain, british, euro, kellogg, minute, News - Politics
AP Top Stories 01.19.09
President-elect observes MLK Day by working on volunteer service projects; U-S Airways plane now sits on barge in NJ; British govt. Unveils second bank bailout plan; Cardinals versus Steelers in Super Bowl 43.
Posted by Dstall at 6:54 AM 0 comments
Labels: ap, minuteworld, News - Politics
Friday, January 16, 2009
Your Money: Your Profile and You
Social networks have become increasingly popular. But with job layoff a real possibility for many people, playing it safe is important. AP Personal Finance Editor Trevor Delaney explains.
Posted by Dstall at 6:05 AM 0 comments
Labels: money, News - Politics, profile, social networks
Wednesday, January 14, 2009
Your Money: Detroit Auto Show
With the auto industry on the verge of collapse, questions have arisen as to how this year's North American International Auto Show will play out. AP Personal Finance Editor Trevor Delaney explains.
Posted by Dstall at 11:12 AM 0 comments
Labels: auto show, detroit, money, News - Politics
Tuesday, January 13, 2009
Jan. 13: Stocks Fluctuate on Earnings Anxiety
Wall Street's growing angst about corporate earnings has given stocks a mixed day, with the Dow Jones industrials falling for the fifth straight session.
Posted by Dstall at 2:38 PM 0 comments
Labels: jan. 13, News - Politics, stocks fluctuate on earnings anxiety, wall street
Monday, January 12, 2009
AP Top Stories 01.12.09
Senate Democrats expect to seat Burris; Obama promises changes in use of bailout billions; Judge rules Madoff to remain free in Manhattan penthouse; AP sources: Grand jury looking at Clemens case.
Posted by Dstall at 5:43 PM 0 comments
Labels: ap, minuteworld, News - Politics
Jan. 12: Stocks Tumble on Oil, Earnings Fears
Wall Street has extended last week's slide as investors worried that the latest quarterly results will signal the economy is in worse shape than feared.
Posted by Dstall at 4:31 PM 0 comments
Labels: jan. 12, News - Politics, stocks tumble on oil earnings fears, wall street
Sunday, January 11, 2009
AP Top Stories 01.11.09
Severe weather strikes Upper Midwest; Israeli warplanes continue to pound Gaza; USS George H.W. Bush commissioned; Baltimore Ravens and Arizona Cardinals advance in NFL playoffs.
Posted by Dstall at 6:20 AM 0 comments
Labels: ap, minuteworld, News - Politics
Friday, January 9, 2009
Jobless Rate Jumps to 7.2 Percent in December
The nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as mass layoffs continue.
Posted by Dstall at 8:46 AM 1 comments
Labels: december, financial meltdown, jobless rate jumps 7.2 percent, News - Politics
Thursday, January 8, 2009
Businesses Fight to Stay Open in Tough Economy
Small business owners across the country wondering how long they can survive as they struggle to draw in customers. On Thursday, President-elect Barack Obama urged Congress to act quickly on a plan aimed at reviving the U.S. economy.
Posted by Dstall at 6:04 PM 0 comments
Labels: businesses fight stay tough, economy, News - Politics, retail
Jan 8: Stocks Boosted by Mortgage Deal
A deal that could prevent more mortgage foreclosures pulled Wall Street out of a deep early slump and helped pull stocks to a mostly higher close.
Posted by Dstall at 2:49 PM 0 comments
Labels: jan 8, News - Politics, stocks boosted by mortgage deal, wall street
Prosecutors: Madoff Was Ready to Send Out $173M
Prosecutors said Thursday that investigators found 100 signed checks worth $173 million in Bernard Madoff's office desk that he was ready to send out to his closest family and friends at the time of his arrest last month.
Posted by Dstall at 2:48 PM 0 comments
Labels: $173m, madoff scandal, News - Politics, prosecutors, ready
Money Minute: the Pinch That Stole Christmas
Major retailers reported dismal sales figures for December. The 2.2 percent drop confirmed fears that the holiday season was the weakest since at least 1969. The AP's James Limbach reports.
Posted by Dstall at 2:46 PM 0 comments
Labels: minute, News - Politics, pinch stole christmas, retail sales
Obama Warns of Consequences Without Stimulus
President-elect Barack Obama warned of dire and lasting consequences if Congress doesn't pump unprecedented dollars into the economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since his election.
Posted by Dstall at 10:36 AM 0 comments
Labels: consequences, economy, News - Politics, obama, stimulus, warns
Your Money: Social Security on the Web
The Social Security Administration is now allowing people to get their benefits without ever traveling to field office.
Posted by Dstall at 10:34 AM 0 comments
Labels: News - Politics, on the money, social security
Wednesday, January 7, 2009
Jan. 7: Weak Earnings Drag Stocks Sharply Lower
Bleak outlooks from Intel, Alcoa and Time Warner along with unnerving signs about unemployment sent stocks sharply lower Wednesday.
Posted by Dstall at 4:01 PM 0 comments
Labels: jan. 7, News - Politics, wall street, weak earnings drag stocks sharply lower
Money Minute: Money Markets; Deficit, Autos
The Federal Reserve is now allowing a range of money market investors - rather than just money market funds - to take part in a program aimed at bolstering the industry. The AP's James Limbach reports.
Posted by Dstall at 3:59 PM 0 comments
Labels: autos, deficit, markets, minute, News - Politics, newsbriefs
Tuesday, January 6, 2009
Your Money: Low-cost Flights Have Returned
A wave of fare sales has spread across the airline industry as the weak economy continues to put pressure on carriers to fill seats.
Posted by Dstall at 2:41 PM 0 comments
Labels: airlines fares, low-cost flights returned, money, News - Politics
Money Minute: TARP Costs, Woolworths, Toyota
The government estimates it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program. The AP's Mark Hamrick reports.
Posted by Dstall at 12:31 PM 0 comments
Labels: minute, News - Politics, newsbriefs, tarp costs, toyota, woolworths
AP Top Stories 01.06.09
Obama says the economy is very sick; Roland Burris goes to DC with hopes of being sworn in; Arrest made in murder of Ohio mom; Travolta prepares for return to US with son's ashes.
Posted by Dstall at 6:02 AM 0 comments
Labels: ap, News - Politics, news minute
Monday, January 5, 2009
Jan. 5: Dow Falls 82 to Close at 8,952
Wall Street began the first full trading week of the year with a hint of caution, even as signs of action emerge from Washington.
Posted by Dstall at 5:28 PM 0 comments
Labels: dow falls 82 close 8952, jan., News - Politics, wall street
Chrysler, Toyota, Lead Declines in Auto Sales
U.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets.
Posted by Dstall at 5:26 PM 0 comments
Labels: auto sales, chrysler toyota declines, News - Politics
Money Minute: Times Ads, Hyundai, Construction
The New York Times is now the latest paper to run graphical advertising on its front page.
Posted by Dstall at 2:36 PM 0 comments
Labels: construction, hyundai, minute, new york times ads, News - Politics
Sunday, January 4, 2009
Your Money: New Year, New Resolutions
A new year often brings new resolutions. AP Personal Finance Editor Trevor Delaney offers up advice on how to maximize your finances in 2009.
Posted by Dstall at 9:41 AM 0 comments
Labels: News - Politics, year resolutions, your money
Congress to Hold Hearing on Madoff Scandal
The losses in an alleged Ponzi scheme run by Bernard Madoff are still being calculated, but lawmakers will get their first look Monday as they try to understand why the Securities and Exchange Commission failed to discover the scandal.
Posted by Dstall at 6:48 AM 0 comments
Labels: congress hearing on scandal, madoff hearing-preview, News - Politics
AP Top Stories 01.04.09
Arabs press UN on Gaza; Michelle Obama and daughters arrive in Washington; Earthquake hits Indonesia; Travolta's son to be buried in Florida.
Posted by Dstall at 6:47 AM 0 comments
Labels: ap, minuteworld, News - Politics