| First arrest made in Stanford fraud case
February 26, 2009 at 10:03 pm
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| The FBI made the first arrest in the Stanford Financial Group fraud investigation Thursday, detaining Chief Investment Officer Laura Pendergest-Holt on federal obstruction charges. |
| Dell vows to slash more costs
February 26, 2009 at 7:05 pm
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|  Dell Inc. posted lower fiscal fourth-quarter earnings and sales Thursday, and the computer maker increased its cost-cutting goal to $4 billion from $3 billion in the face of challenging economic conditions. |
| Fannie taps lifeline after $59B in losses
February 26, 2009 at 6:52 pm
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|  Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008. |
| More AIG bailout considered
February 26, 2009 at 5:29 pm
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|  Read full story for latest details. |
| Obama gives student loans the axe
February 26, 2009 at 5:22 pm
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|  Read full story for latest details. |
| Problem bank list tops 250
February 26, 2009 at 2:50 pm
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|  The government's closely watched listed of troubled banks grew during the fourth quarter to its highest level since 1994, regulators said Thursday. |
| Obama unveils first budget plan
February 26, 2009 at 2:23 pm
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|  President Obama on Thursday pulled back the curtain on his first detailed vision of the federal budget for the next 10 years. |
| FDIC partnership sells $1.45B of bank assets
February 26, 2009 at 2:07 pm
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|  The Federal Deposit Insurance Corporation said Thursday that it had successfully sold $1.45 billion in distressed real estate loans from a failed Nevada bank through a partnership with the private sector. |
| Obama budget plan boosts green spending
February 26, 2009 at 1:54 pm
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|  President Obama promised more money for conservation and renewable energy in his budget outline Wednesday, paid for in part by a mandatory cap on greenhouse gases. |
| Sears shines -- for the moment
February 26, 2009 at 1:52 pm
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|  Sears Holdings reported fourth quarter earnings this morning that beat analyst estimates, helping to send Sears shares up nearly 8% in early trading. While I hate to rain on positive news, especially since it's so rare lately, it's hard to get excited about Sears' prospects for 2009 and beyond. |
| Oil prices rally on production cut talk
February 26, 2009 at 1:50 pm
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|  Oil prices rose for the third straight session Thursday as investors weighed a fresh production cut announcement from the United Arab Emirates with ongoing recession woes. |
| Gold, is it safe from inflation?
February 26, 2009 at 1:48 pm
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| Q. I worry that the Fed pumping money into the economy could cause high inflation. Does investing in gold provide good protection? - Vikas Mehta, Herndon, Va. |
| Will GM bonds become worthless?
February 26, 2009 at 1:47 pm
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| Q. I have General Motors bonds that mature in 2011. If the company files for bankruptcy, how much will I get back, if anything? - Ginny Lane, Indianapolis |
| They're hired! Going to church to get a job
February 26, 2009 at 1:44 pm
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|  In today's tough economy, many people are praying for a job offer. When Michel Butler headed to church, he ended up with multiple offers. |
| Stock rally fizzles
February 26, 2009 at 1:40 pm
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|  Stocks turned mixed Thursday afternoon with blue chips rising on the back of global efforts to stabilize the banking industry, and the broader market struggling after the latest grim readings on the economy. |
| Obama budget would boost SEC
February 26, 2009 at 1:10 pm
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| The Obama administration announced plans Thursday to boost the U.S. Securities and Exchange Commission's budget by 13% to help the investor protection agency better police markets and detect fraud. |
| Madoff 101: Total Immersion for Lawyers
February 26, 2009 at 12:54 pm
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| If you think you dodged the Madoff bullet, can you really be sure? Say, for instance, you briefly invested five years ago in a fund, and that fund in turn invested in a fund-of-funds that invested in a feeder fund that invested with Madoff. Could the Madoff trustee knock on your door and demand that you return any profits? |
| Yahoo's CFO Jorgensen to leave
February 26, 2009 at 12:52 pm
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|  Read full story for latest details. |
| Mortgage rates inch up
February 26, 2009 at 12:38 pm
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|  Mortgage rates rose over the past week, as home prices and sales fell and the government issues massive amounts of debt to pay for federal spending. |
| Oil jumps after UAE signals deeper cuts
February 26, 2009 at 12:35 pm
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|  Read full story for latest details. |
| Lord & Taylor's bling bind
February 26, 2009 at 12:20 pm
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|  Lord & Taylor is getting a black eye from bling. Starting Thursday, Fortunoff, the 87-year-old jewelry chain, will begin liquidating its merchandise, just as it was supposed to start selling through Lord & Taylor. |
| Have banks finally hit bottom?
February 26, 2009 at 12:11 pm
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|  This question seemed unthinkable just a week ago, but here goes: Have bank stocks finally hit bottom? |
| Gold slides near 2-week low
February 26, 2009 at 12:10 pm
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|  Read full story for latest details. |
| On sale: Your brilliant invention
February 26, 2009 at 12:05 pm
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|  With store sales rapidly shrinking, some merchants are reaching out to their customers to come up with innovative and exciting products that might actually sell. |
| Citi near deal with government - report
February 26, 2009 at 6:51 am
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|  Citigroup is nearing an agreement with federal regulators to increase the government's stake in the bank to as much as 40%, according to a published report. |
| Rally set for Wall Street open
February 26, 2009 at 6:48 am
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|  Stocks were set to rally at Thursday's open, as investors await GM's financial results, a possible announcement of a larger U.S. government stake in Citigroup, and the latest readings on jobless claims and home sales. |
| Save your way to a dream retirement
February 26, 2009 at 6:24 am
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|  Question: I'm 25 and currently contribute 8% of my salary to my 401(k) since that percentage assures I get the full employer match. But since stocks are so cheap right now, I'm considering bumping up my contribution for a few months. I won't miss the extra amount coming out of my paycheck, so do you think I should go through with this plan? --Mike, Houston, Texas |
| How we're going to save more
February 26, 2009 at 6:17 am
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|  Sometime last fall, my wife and I began having urgent conversations about putting more money away. It wasn't fun. A typical day went like this: Work. Feed children. Get children to bed. Clean up after children. Look at bank statements and bills. Stress out. Blame each other (occasionally). Sleep. Repeat. |
| Obama lays out spending cuts in new budget
February 26, 2009 at 6:05 am
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|  After promising the American people that his team has already found $2 trillion in budget savings by scouring the federal budget, President Barack Obama is planning to lay out some of the potential spending cuts in detail when he unveils his first blueprint on Thursday, according to senior administration officials familiar with the budget plan. |
| BioPet's gold mine: Doggy DNA
February 26, 2009 at 6:01 am
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|  If Tom Boyd gets his way, pet owners may soon feel like actors in an episode of CSI: Pooch. |
| Labor battle looms in Congress
February 26, 2009 at 5:57 am
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|  During the past 20 years, Bob Cook's half-dozen employees have twice considered forming a union. Cook, who owns Cook Paper Recycling in Kansas City, Mo., says union organizers invited his workers to a tavern both times. Over free beers, the employees enthusiastically signed union cards, but when it came time for the secret ballot - a second step that employers can insist on - they voted the idea down. |
| RBS posts Britain's biggest-ever loss
February 26, 2009 at 4:39 am
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|  British banking company RBS on Thursday announced massive losses for 2008, totaling £24.1 billion ($34.7 billion), the worst results in U.K. corporate history. |
| Intel chief bullish about netbooks
February 25, 2009 at 7:11 pm
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|  Read full story for latest details. |
| Health care overhaul: $634 billion
February 25, 2009 at 7:08 pm
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|  Two White House officials told CNN Wednesday that the proposed budget to be released Thursday will include a $634 billion health care "reserve fund," which is intended to help pay to overhaul the nation's health care system. |
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Read full story for latest details.
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