Friday, January 30, 2009

Money Minute: Exxon-Mobil, Fannie Mae, Obama

Exxon Mobil has reported a $45.2 billion profit for 2008. A record for a U.S. Company.

Wednesday, January 28, 2009

Money Minute: GM, TARP, Layoffs

General Motors is ending its controversial "jobs bank" program.

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."

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.

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.

Your Money: 401(k) Withdrawls

AP Personal Finance Editor Trevor Delaney answers a question regarding the new rules surrounding minimum distribution rules for retirees.

Money Minute: Home Prices, NY Fed, Thain

Home prices tumbled by 18.2 percent in November, the sharpest annual rate on record.

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.

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?

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.

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.

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.

Thursday, January 22, 2009

Jan. 22: Dow Slips on Microsoft Layoffs

Stocks ended another fractious session with sizable losses.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Chrysler, Toyota, Lead Declines in Auto Sales

U.S. auto sales plummeted in December as the worsening economy further pinched consumers wallets.

Money Minute: Times Ads, Hyundai, Construction

The New York Times is now the latest paper to run graphical advertising on its front page.

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.

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.

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.