| Obama's budget: Back to brass tacks
February 25, 2009 at 5:04 pm
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|  President Obama has sought to inspire Americans to view the current financial crisis as an opportunity to better the country. In past times of upheaval, he said in his address Tuesday night, the United States emerged with new industries, a better educated citizenry and an economy geared for growth. |
| Citi shareholders: who gets wiped out?
February 25, 2009 at 4:43 pm
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|  When news broke this week that talks were in motion for the U.S. government to gain a larger stake in Citigroup, somewhere between 25% and 40%, it immediately raised the question: What happens to current stockholders? In efforts to keep itself afloat, Citigroup has proposed a partial nationalization that would give the government far greater control. In one scenario, some of the $45 billion in preferred shares held by the government would convert to common stock, diluting the shares of current stockholders. |
| Obama calls for stricter rules for Wall Street
February 25, 2009 at 4:38 pm
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|  Financial institutions that pose a serious risk to markets should be subject to serious government oversight, President Barack Obama said Wednesday. |
| Dollar gains in flight to safety
February 25, 2009 at 4:21 pm
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|  Read full story for latest details. |
| House passes $410B spending bill
February 25, 2009 at 4:20 pm
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|  The House of Representatives passed a $410 billion spending bill Wednesday to keep the federal government operating for the remainder of fiscal year 2009, which ends September 30. |
| Stocks end volatile session lower
February 25, 2009 at 4:20 pm
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|  Wall Street abandoned a late-session rally attempt Wednesday, ending lower, as investors took a mixed response to new details on Treasury's plan to help stabilize the banking system. |
| The investment scam-artist's playbook
February 25, 2009 at 4:12 pm
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|  If successful businesses share certain "best practices," do scam artists have their own favored techniques? The banker R. Allen Stanford, while accused of a smaller scheme than Bernie Madoff's, conducted his business in ways that make it appear they were using a similar playbook. |
| NFL chief takes pay cut after layoffs
February 25, 2009 at 3:28 pm
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|  The National Football League has cut about 15% of its staff since announcing layoffs two months ago, and its commissioner will take a pay cut for the current fiscal year, the league confirmed Wednesday. |
| GM is running on fumes
February 25, 2009 at 3:02 pm
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|  General Motors will soon give more details about how close it came to running out of cash at the end of last year. |
| Stop bailing out 'good' banks!
February 25, 2009 at 2:58 pm
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|  Northern Trust has quickly learned that you can't conduct business as usual when you're on the government dole. |
| Obama's speech light on action
February 25, 2009 at 2:53 pm
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|  Read full story for latest details. |
| Home Depot: A Fixer-Upper Stock
February 25, 2009 at 2:46 pm
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|  Wherever the housing market goes, so too does Home Depot. The home improvement retailer's earnings have historically grown or struggled alongside home sales. |
| Boomers: 30% underwater
February 25, 2009 at 2:27 pm
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|  What a turnaround for the American Dream! |
| Expect more hard-times car incentives
February 25, 2009 at 1:41 pm
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|  Hyundai created something truly novel with the "Hyundai Assurance" sales incentive it announced at the beginning of 2009: An auto sales incentive that seems to actually be working. |
| Bernanke: Bail out bad borrowers, too
February 25, 2009 at 1:05 pm
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|  Federal Reserve Chairman Ben Bernanke said Wednesday that the embattled housing market has crippled the economy, and at-risk homeowners need a bailout - even if they knew they couldn't afford their home in the first place. |
| Third time's the charm: Commerce head named
February 25, 2009 at 12:14 pm
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|  President Barack Obama named former Washington Gov. Gary Locke as his nominee for commerce secretary Wednesday. |
| Zale jeweler to close 115 stores
February 25, 2009 at 11:40 am
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|  Read full story for latest details. |
| Can these men save Detroit?
February 25, 2009 at 11:27 am
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|  When the Treasury Department announced on Tuesday that Steven Rattner, a New York-based financier, would be a counselor to the Secretary of the Treasury, one had to wonder what this meant for Ron Bloom, whom Treasury had tapped last week to be its Senior Advisor on the Auto Industry. |
| Small biz loan failure rate hits 12%
February 25, 2009 at 11:20 am
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|  Bank lending to small businesses has dried up in recent months. One reason credit has grown scarce: They're risky loans. A new analysis of Small Business Administration-backed loans found that the failure rate has hit the double digits, with 11.9% of the SBA's loans last year going into default. |
| President's perilous balancing act
February 25, 2009 at 10:48 am
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|  It's true: He didn't break it. But now he owns it. |
| Obama's deficit challenge
February 25, 2009 at 8:26 am
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|  President Obama has set a very public and very tough challenge for himself: To cut the annual 2013 deficit in half. |
| Mortgage applications fall
February 25, 2009 at 8:20 am
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|  Read full story for latest details. |
| No momentum for Wall Street
February 25, 2009 at 8:18 am
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|  Stocks were set to open lower Wednesday after President Obama's speech to Congress, as the previous session's rally appeared to have no momentum. |
| Obama: 'We will recover'
February 25, 2009 at 8:04 am
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|  In his first speech to a joint session of Congress, President Obama outlined an ambitious agenda to revive the economy, saying it's time to act boldly "to build a new foundation for lasting prosperity." |
| Treasurys ready for another $32B test
February 25, 2009 at 7:31 am
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|  After passing their first tough test of the week, Treasurys face a harder one beginning Wednesday. |
| Tracking the bear: How bad could it get?
February 25, 2009 at 7:22 am
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|  Don't let Tuesday's rally fool you. While the Dow roared back more than 236 points and the S&P 500 gained 4%, Monday's 12-year lows showed that this bear market may still grow bigger and meaner. |
| San Francisco: A no-newspaper town?
February 25, 2009 at 6:54 am
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|  The San Francisco Chronicle is in danger of being sold or closed if it doesn't stop bleeding millions, officials said Tuesday, putting the city at risk of becoming the first U.S. metropolis without a major daily paper. | |
Read full story for latest details.
You've no doubt heard the term "lost decade" to describe what's happened to stocks since 1999. And that may have you wondering whether equities are worth the risk and whether buy-and-hold investing, dollar-cost averaging and dutifully contributing to your 401(k)'s mutual funds are a sucker's bet.
At long last, angry shareholders may finally have their day.
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday.
The prices of real estate, stocks and many commodities continue to plummet this year.
Read full story for latest details.
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