| Small business loans: $10 billion evaporates
November 16, 2009 at 8:08 pm
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|  Eight months after President Obama began prodding the nation's banks to increase their small business lending, the loan numbers continue to move in the opposite direction. |
| Buffett's Berkshire ups Wal-Mart stake
November 16, 2009 at 8:05 pm
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|  Investor guru Warren Buffett almost doubled his stake in Wal-Mart, adding 18 million shares in the discount retailer in the third quarter of 2009. |
| How Fed let AIG banks off easy
November 16, 2009 at 7:18 pm
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|  Federal regulators, in rushing to rescue AIG last year, failed to use their clout to negotiate concessions from business partners of the troubled insurer, a bailout overseer said on Monday. |
| Post Office reports loss, may cut Saturday service
November 16, 2009 at 5:32 pm
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|  The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year, and plans to propose to Congress in 2010 that it drop Saturday delivery. |
| New boss named for bailed-out GMAC
November 16, 2009 at 5:23 pm
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| Troubled auto and mortgage lender GMAC shook up its executive suite on Monday, naming former Citigroup executive Michael Carpenter CEO. |
| Another key departure in the House of Murdoch
November 16, 2009 at 4:49 pm
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| Another of Rupert Murdoch's key lieutenants over the past 10 years is leaving his company, News Corporation. The company is expected to announce tomorrow that Gary Ginsberg, the media giant's executive vice president and chief marketing officer, is leaving the company at the end of the year. |
| Preparing China's yuan for the world stage
November 16, 2009 at 4:49 pm
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| President Barack Obama's visit to China this week has increased the spotlight on one of the top hot-button issues in U.S.-China relations: revaluing the Chinese currency. |
| 1 in 6 Americans goes hungry
November 16, 2009 at 3:32 pm
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|  The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday. |
| Gold's record run: No end in sight
November 16, 2009 at 2:48 pm
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|  Gold prices surged to record highs yet again Monday, topping $1,139 an ounce, as investors continue to favor the precious metal over currencies like the U.S. dollar. |
| Fed proposal restricts gift card fees
November 16, 2009 at 1:55 pm
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|  The Federal Reserve Board announced proposed rules Monday to implement the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009. |
| Is 5th time the charm for the S&P 500?
November 16, 2009 at 1:08 pm
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| To paraphrase the sage words of Spinal Tap guitarist Nigel Tufnel, investors are hoping that the S&P 500 goes to 11. Hundred, that is. |
| Bernanke: Weak recovery ahead
November 16, 2009 at 12:48 pm
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|  Federal Reserve Chairman Ben Bernanke said the recovery in the U.S. economy will be modest, with higher than desired levels of unemployment in the foreseeable future. |
| How one worker survived Wall Street's downfall
November 16, 2009 at 12:19 pm
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|  When the financial storm sent shock waves through Wall Street and the broader economy, millions of people lost their jobs. Workers in New York City in particular became unemployed by the handful. Citigroup, alone, has announced over 100,000 job cuts since 2007. One casualty was Ebony Blue, a young financial analyst in the investment banking division, who was laid off in December of 2008. There weren't many openings in the financial industry. And with so many people still looking for work, Blue had plenty of competition. With only two years of experience under her belt since graduating from Ithaca College, Blue, 24, like many other young analysts, found it difficult to differentiate herself from a sea of job seekers in the industry. |
| Goodbye, grocery store price tags
November 16, 2009 at 11:55 am
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|  In 2001, Sunit Saxena made a midnight run to the grocery store for wonton wrappers. When he couldn't find any, he went looking for a clerk. The aisles were empty. He discovered the workers holed up in a back room tearing price tags off merchandise to reprice it for the next day. |
| Dow jumps 130 points
November 16, 2009 at 11:54 am
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|  Stocks rallied Monday, extending gains from the previous two weeks, as a softer U.S. dollar helped push energy and commodity shares higher. |
| Simmons files for Chapter 11
November 16, 2009 at 11:32 am
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| Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday. |
| Detroit finds dignity in death
November 16, 2009 at 11:31 am
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|  Six people. Buried. In Detroit. |
| Bonds up on weak retail, manufacturing
November 16, 2009 at 9:47 am
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|  Read full story for latest details. |
| Retail sales surge
November 16, 2009 at 9:42 am
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|  Retail sales in October rose more than analysts expected, the government reported Monday. |
| Stocks: Ready to rally
November 16, 2009 at 8:17 am
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|  U.S. stocks looked ready for a strong start Monday, as investors continue to be upbeat about the economic recovery ahead of a key report on retail sales and comments from Federal Reserve Chairman Ben Bernanke. |
| GM to start repaying debt to U.S.
November 16, 2009 at 8:05 am
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|  General Motors said better results will allow it to start repaying government loans sooner than expected, although the company continued to lose money in its first quarter since emerging from bankruptcy. |
| Apple tablet: One tech gadget for all
November 16, 2009 at 7:47 am
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|  Apple's lips are sealed about its widely rumored tablet computer, but technology experts are giddy about the device, already exclaiming it will be the gadget to end all gadgets. | |
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Waiting for investors to slam the breaks on runaway executive pay? Don't hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut.
My dad was in the clothing business and moved to L.A. with a New York apparel company when I was 20. I asked if I could work for him. He said, "Why don't you get a job in textiles first and learn the industry?"
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