| Regulators shutter 2 more banks
February 27, 2009 at 8:54 pm
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|  U.S. bank regulators closed two more banks on Friday, the 15th and 16th banks to fail this year, as the worsening recession pulled more regional banks underwater. |
| Mortgage deductions: Wealthy on the losing end
February 27, 2009 at 6:58 pm
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|  The Obama administration hopes to tap the rich to help pay for its ambitious programs. Specifically, that would include slashing mortgage interest deductions for high-income taxpayers. |
| GE slashes dividend by two-thirds
February 27, 2009 at 6:48 pm
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|  General Electric said Friday that it plans to cut its dividend by 68%, to 10 cents from 31 cents a quarter, a move the conglomerate says should save it $9 billion a year. |
| Louisiana bank is first to return TARP funds
February 27, 2009 at 6:33 pm
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|  Iberiabank Corp. became the first bank to pull out of the government's bailout program Friday, saying it would be returning the $90 million it received from the government in early December under the Troubled Asset Relief Program. |
| AIG: The bailout that won't quit
February 27, 2009 at 6:22 pm
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| Troubled insurer American International Group is looking for more help from the federal government as it struggles to sell off assets and keep its core businesses afloat. |
| Obama thinks big in budget
February 27, 2009 at 5:58 pm
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|  President Obama last week -- his sixth in office -- showed his hand on how he hopes to shape the government's federal budget and the U.S. economy along the way. |
| Apple picks new accountant
February 27, 2009 at 5:47 pm
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|  Read full story for latest details. |
| Refinery workers threaten strike
February 27, 2009 at 5:41 pm
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|  Read full story for latest details. |
| Obama's rude shock to six-figure earners
February 27, 2009 at 5:22 pm
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|  During the presidential campaign, Barack Obama tempered his pledge to substantially raise taxes for high earners with an important proviso: He'd simply restore rates to their levels during the Clinton Administration. The implication was that families in the upper brackets would see their total tax bite go back to the levels of the 1990s, but no higher. |
| Calif. jobless hits double digits
February 27, 2009 at 4:08 pm
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|  Read full story for latest details. |
| Gap tries branding to boost sales
February 27, 2009 at 2:55 pm
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|  Does a brand identity really matter when people have turned away from shopping? |
| In one town, recession helps bridge cultural rift
February 27, 2009 at 2:24 pm
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|  The recession has hit Framingham, Mass., like an earthquake, shaking local businesses and thinning their numbers. But the town's merchants have found one silver lining in the economic calamity: It's forcing them to tackle a festering problem. |
| Dell's bread-and-butter puts it in a jam
February 27, 2009 at 2:04 pm
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|  Here's the problem Dell is facing. The second largest PC maker on the planet gets about 60% of its revenue from selling computers, and no one is buying computers. Well, that is not exactly true: No one is buying computers unless they are Apple laptops, or incredibly cheap netbooks made by Asus or Acer. So, to be more accurate, no one is buying Dell computers, especially cost-cutting-crazed business users, who drive about 80% of Dell's overall revenue. |
| Stocks down, but off lows
February 27, 2009 at 1:04 pm
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|  The Dow and S&P 500 cut losses Friday afternoon after hitting 1997 lows in the morning on worries about the government taking a bigger stake in Citigroup and a bleak reading on the economy. |
| The coming deficit reckoning
February 27, 2009 at 12:47 pm
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| There is much that is encouraging in President Obama's first budget, but also items of concern for those of us who worry that our growing deficits and debts will imperil America's future. |
| Oil drops more than 3%
February 27, 2009 at 12:33 pm
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|  Read full story for latest details. |
| Is Citi the next AIG?
February 27, 2009 at 12:27 pm
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| You and I will soon own a very big chunk of Citigroup. |
| Hearst to launch a wireless e-reader
February 27, 2009 at 12:08 pm
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|  Against a backdrop of plummeting ad revenue for newspapers and magazines, and rising costs for paper and delivery, Hearst Corp., is getting set to launch an electronic reader that it hopes can do for periodicals what Amazon's Kindle is doing for books. |
| Dollar gains after grim GDP data
February 27, 2009 at 12:08 pm
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|  Read full story for latest details. |
| Treasurys mixed after Citigroup news
February 27, 2009 at 12:05 pm
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|  Read full story for latest details. |
| Cuomo wants Merrill bonus info
February 27, 2009 at 12:02 pm
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|  Bank of America's chief executive officer spent four hours Thursday testifying in an investigation into the $3.6 billion in bonuses that Merrill Lynch paid out just before it was acquired by the bank last year, but still refused to give out the details of those payments. |
| Credit cards are gouging me
February 27, 2009 at 11:51 am
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|  Question 1. How much longer are we going to accept the recent practice of credit card companies to gouge customers in good standing with higher fees and interest rates just because they can? - JoAnne |
| Fed says long-run inflation forecasts useful
February 27, 2009 at 11:46 am
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|  Read full story for latest details. |
| Small moves with big payoffs
February 27, 2009 at 11:40 am
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|  Managing your money today isn't easy. But here are some strategies on making the most of your money - everyday. |
| GM to split from Opel
February 27, 2009 at 11:36 am
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|  General Motors' European division announced Friday that its German subsidiary, Opel cars, will become a separate company. GM will keep a stake in the new company. |
| Citi deal inspires no confidence
February 27, 2009 at 11:26 am
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|  If investors have regained confidence in the big U.S. banks, they have a funny way of showing it. | |
Read full story for latest details.
Read full story for latest details.
The nation's economic slide during the last three months of 2008 was even sharper than previously estimated, with the broadest gauge of economic activity suffering its worst decline in 26 years, the government reported Thursday.
Read full story for latest details.
Read full story for latest details.
Read full story for latest details.
On Friday, Feb. 20, investors watched in horror as shares of Bank of America plunged below $3 and Citigroup's stock broke $2, giving the two pillars of U.S. banking a combined market value of $26 billion - far below that of Kraft Foods.
