Saturday, May 30, 2009

Judge to Rule by Monday on Chrysler-Fiat Deal

A bankruptcy judge says he will rule by Monday on whether Chrysler can sell most of the company to a group headed by Italy's Fiat and move toward a speedy exit from Chapter 11.

Thursday, May 28, 2009

Your Money: Understanding Bankruptcy

Chrysler and General Motors are not technically bankrupt as many people may believe. AP Personal Finance Editor Trevor Delaney explains.

Money Minute: AOL Going It Alone.

Time Warner will spin out AOL, a merger in toy retailing and new home sales rise. The AP's Mark Hamrick reports.

GM All but Certain to File for Chapter 11

General Motors, the company that was once the nation's largest employer, moved to the edge of bankruptcy protection Wednesday as debtholders refused a last-ditch deal.

Wednesday, May 27, 2009

Money Minute: Hyundai, Islamic Investing, Delta

Standard&Poor's is launching a Canadian stock index to give investors who follow Islamic law a guide to the country's equity market.

Tuesday, May 26, 2009

Money Minute: Improved Consumer Mood

A much better than expected economic report, home prices still sinking and oil prices keep rising.

Friday, May 22, 2009

May 22: Stocks Lose Grip on Gains, Close Lower

Wall Street took a memorial day weekend u-turn, ending a choppy session slight lower.

Money Minute: Bourbon, FDIC, GM

Federal regulators are adopting a new system to help replenish the deposit insurance fund. The new fee system - which will shift more of the burden to bigger banks - is intended to raise $5.6 billion.

Your Money: Amusement Park Deals

Amusement parks are a great attraction during summer and finding admission deals is easy, if you know where to look. AP Personal Finance Editor Trevor Delaney explains.

Tuesday, May 19, 2009

Your Money: Credit Card Changes

The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees. AP Personal Finance Editor Trevor Delaney explains.

Monday, May 18, 2009

First Person: Economy Keeps Repo Men in Business

Two Green Bay repossession agents talk about how their business has doubled in the past year as a result of the economic downturn. The AP joins the men as they repossess a SUV and discuss the dangers of the job.

Your Money: Choosing a Doctor

If you find yourself needing to choose a new doctor, it can be stressful because there's no concise guide to cost and quality. AP Personal Finance Editor Trevor Delaney explains.

Friday, May 15, 2009

May 15: Stocks Slide in Cautious Trading

Wall Street's huge spring rally has hit a lull. The government's stress tests of banks are done, earnings reports are winding down and the first wave of April economic data have been released.

Thursday, May 14, 2009

May 14: Bargain Hunters Hunt Tech Stocks

Investors shoved aside jitters about the economy and did a little bargain hunting, scooping up beaten-down financial and technology stocks.

Your Money: Assessing Dividend Paying Stocks

Paul Alan Davis, a co-manager of the Schwab Dividend Equity Investor Fund discusses how his company is assessing dividend paying stocks.

Wednesday, May 13, 2009

Your Money: Budget Home Remodeling

Spring is traditionally a time when many people take on home improvement projects. If you're thinking about making renovations, you may be put off by the costs. AP Personal Finance Editor Trevor Delaney explains.

Your Money: Summer Vacations

With summer driving season approaching, saving money and getting good deals is easy if you know where to look. AP Personal Finance Editor trevor Delaney explains.

Money Minute: Exxon, GMAC, Oil

A bankruptcy judge has ruled that GMAC Financial Services can become Chrysler's preferred lender.

Monday, May 11, 2009

May 11: Wall Street Takes a Break After Rally

Financial stocks dragged Wall Street lower Monday as traders worried that last week's rally was overdone.

Money Minute: Antitrust, Windows 7, Oil

The Obama administration has warned corporate America that the government will more aggressively investigate big firms that hurt smaller competitors.

Your Money: Flying With Your Pet

With vacation season approaching, considerations should be made if you plan on taking the family pet with you. AP Personal Finance Editor Trevor Delaney explains.

Friday, May 8, 2009

Money Minute: Fannie Mae, Toyota, Chrysler

Fannie Mae has posted a quarterly loss of more than $23 billion.

Thursday, May 7, 2009

Your Money: Your New Home

If you're considering taking the plunge into homeownership, the prospect of the new homebuyer's tax credit and lower prices may be too good to pass up. AP Personal Finance Editor Trevor Delaney explains.

Money Minute: Jobs, Sales, GM Loss

The Labor Department says the number newly laid off workers applying for benefits dropped to 601,000 last week -- the lowest level in 14 weeks. The AP's Mark Hamrick reports.

Wednesday, May 6, 2009

Money Minute: Stress Tests, Ford, Chrysler

Leaked results of the government's stress tests of 19 large banks are boosting investor confidence in the financial sector.

Your Money: Updating Your Contacts

With the job market taking such a big hit recently, now may be a good time to get your contacts in order. AP Personal Finance Editor Trevor Delaney explains.

Tuesday, May 5, 2009

Bernanke: Economy Should Grow Later in 2009

Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the economy should pull out of a recession and start growing again later this year, but warned that unemployment is expected to remain high.

Your Money: The 'Sell in May' Strategy

A time-tested strategy that calls for investors to "sell in May and go away" might sound awfully tempting this year. AP Personal Finance Editor Trevor Delaney expplains.

Monday, May 4, 2009

Money Minute: Banks, Spending, Stress Tests

The Federal Reserve says a larger share of banks made it more difficult for people to obtain home mortgages over the last three months.

Your Money: Secured Credit Cards

For people with limited credit, secured credit cards are one option available to meet your spending needs. AP Personal Finance Editor Trevor Delaney explains.

Friday, May 1, 2009

Money Minute: Manufacturing, Ford, TALF

Manufacturing activity contracted at a slower-than expected pace in April, raising hopes that the steep plunge that began last fall may be moderating.

Chrysler Files for Bankruptcy Protection

Chrysler filed for bankruptcy protection and announced it will temporarily halt most of its vehicle production while it completes a deal with Italian carmaker Fiat designed to revive its tattered fortunes.