Selasa, 24 November 2009

11/25 Latest financial news - CNNMoney.com

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AIG chief Benmosche inks pay deal
November 24, 2009 at 7:02 pm

After balking at government imposed pay restrictions, American International Group's chief executive Robert Benmosche has officially agreed to a $10.5 million non-compete contract, the company announced Tuesday.

Toyota recalls 100,000 Tundra trucks
November 24, 2009 at 5:50 pm

Federal regulators announced Tuesday the recall of 110,000 Toyota pickup trucks in 20 U.S. states and the District of Columbia.

'Godfather of Spam' going to prison
November 24, 2009 at 4:54 pm

A man who claims to be the "Godfather of Spam" has been sentenced to 51 months in prison by a federal judge in Detroit for his lead role in an e-mail stock scam scheme, according to court documents.

Oil falls 2% on GDP
November 24, 2009 at 3:56 pm

Read full story for latest details.

No lending, no recovery
November 24, 2009 at 3:39 pm

In an ominous sign for the recovery, bank loans are drying up faster than ever.

Fed more bullish on recovery
November 24, 2009 at 3:05 pm

The Federal Reserve on Tuesday raised its estimate for economic growth next year and forecast lower unemployment ahead, although the jobless rate will stay uncomfortably high for at least the next three years.

Black Friday on iPhone: There's an app for that
November 24, 2009 at 2:53 pm

Tech-savvy holiday shoppers are hoping a new iPhone application will help them beat the rush on Black Friday.

Beat the crowds - shop online
November 24, 2009 at 2:04 pm

There's no need to get up at the crack of dawn to battle bargain-thirsty shoppers on Black Friday. But you can still score the best deals while you're still wearing bunny slippers.

CEOs: It's not just about the money
November 24, 2009 at 12:14 pm

Read full story for latest details.

GM's Saab deal falls through
November 24, 2009 at 11:59 am

The deal to sell Saab to Swedish firm Koenigsegg Group AB has collapsed, General Motors announced Tuesday.

Stocks retreat after rally
November 24, 2009 at 11:46 am

Stocks slipped near midday Tuesday, one day after the Dow closed at a 13-month high, after the third-quarter GDP report was revised to show weaker growth than initially thought.

Bank 'problem' list climbs to 552
November 24, 2009 at 11:42 am

Despite the frenetic pace of bank failures this year, 552 banks are still at risk of going under, according to a government report published Tuesday.

Dollar mixed on slow U.S. recovery
November 24, 2009 at 11:37 am

Read full story for latest details.

Elmo and a dinosaur make bad toy list
November 24, 2009 at 11:33 am

An "excessively loud" triceratops and an Elmo lunch bag with "potentially toxic" chemicals were among the items listed in the U.S. Public Interest Research Group's 2009 list of dangerous toys released Tuesday.

Treasurys gain on recovery doubts
November 24, 2009 at 11:09 am

Read full story for latest details.

Consumers more optimistic about recovery
November 24, 2009 at 10:57 am

A key measure of consumer confidence gained slightly in November, snapping a two-month declining streak, a research group said Tuesday.

Are emerging markets the next bubble?
November 24, 2009 at 10:48 am

Question: I'm considering investing in emerging markets mutual funds. But do you think that's a good idea, or are they just going to be the next investment bubble? -- Mario, Atlanta, Georgia

The wunderkind gas trader
November 24, 2009 at 10:15 am

You could hear John Arnold trying to choose his words carefully. Seated at a conference table inside a drab government building in Washington, D.C., in August, Arnold hardly fit the stereotype of a swaggering, 35-year-old billionaire natural-gas trader.

Economic rebound not as strong
November 24, 2009 at 10:10 am

Economic growth was weaker in the third quarter than originally reported, according to government data released Tuesday.

5 reasons banks don't get it (and a few banks that do)
November 24, 2009 at 9:59 am

You might think your bank would be rolling out the red carpet for you right now. Barely a year ago the biggest players nearly obliterated themselves and the economy with freewheeling lending practices and needed your tax dollars to bail them out. And with investment banking and commercial lending shaky for now, banks need your retail business more than ever.

1 in 4 mortgages 'underwater'
November 24, 2009 at 9:59 am

In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday.

Home prices climb for 2nd straight quarter
November 24, 2009 at 9:51 am

Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.

A deal on climate change? Not exactly
November 24, 2009 at 9:50 am

Lars G. Josefsson showed up at the UN General Assembly in New York City in September with a petition signed by 244,500 people that called for action on climate change, including the fixing of a global price for carbon emissions.

Luxury at any (low) price
November 24, 2009 at 9:41 am

On an overcast English morning, two women from middle England are out shopping. They duck first into the Gucci boutique, fingering discounted handbags and rifling through racks of last season's fashion lineup. Dolce & Gabbana is next, followed by Armani.

Dump the dollar! Buy gold!
November 24, 2009 at 9:35 am

Back in 1988, long before Louis Bacon became the secretive hedge fund billionaire atop Moore Capital, he was walking the trading floor at Shearson Lehman when he spotted Chris Pia, a burly 21-year-old recruit.

A PayPal for politics
November 24, 2009 at 9:09 am

When Rep. Joe Wilson of South Carolina made his infamous "You lie!" outburst during the president's healthcare address to Congress in September, he wasn't the only one stepping into the spotlight. The next day, an Austin startup called Piryx set up a Web site to facilitate donations to Wilson.

Home prices climb for 2nd straight quarter
November 24, 2009 at 9:09 am

Home prices rose for the second straight quarter, but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.

Funky math helped BofA close Merrill deal
November 24, 2009 at 8:43 am

Lost in all the bickering between Democrats and Republicans when Bank of America officials testified before Congress last week was a seemingly crucial piece of evidence that seems to show the bank's executives relied on faulty data leading up to the December 5, 2008 shareholder vote on the $50 billion acquisition of Merrill Lynch.

Flat open seen for stocks
November 24, 2009 at 7:22 am

U.S. stocks were poised to open little changed Tuesday, as investors braced for a barrage of economic reports.

Black Friday turnout to jump 16%
November 24, 2009 at 6:56 am

The number of people shopping on Black Friday is expected to pick up more than 16% this year, according to a survey released Tuesday.

Credit cards: No holiday help from Congress
November 24, 2009 at 4:02 am

A congressional effort to enact swift rules to protect credit card consumers during the holiday shopping season is all but dead.
 

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