Dow Drops To 11,188Forget about the Jimmy Choo boots or 50-yard-line seats for fall. Investors retreated on a round of glum economic news. Among the problems: weak retail sales in August, more Americans filing for unemployment. There’s concern in the markets about a global slowdown. The Dow sinks 344.65 points, or about 3%, to 11,188.23, while the Standard & Poor’s 500 stock index
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Unemployment Tops 6% LevelAugust ushered in an unemployment rate of 6.1%, the highest level in five years, says a Bureau of Labor Statistics report released today. In August, 84,000 jobs were eliminated putting the year’s total jobs lost at 605,000. The steadily climbing unemployment rate — it was 5% in April — is a sign of a recession, some economists say. Amid anxiety about th
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Fannie, Freddie Said to Agree to U.S. RescueAn official U.S. rescue of Fannie Mae and Freddie Mac moved a step closer as the mortgage giants agreed to government control, the New York Times reports. The plan would have the Treasury Department purchase billions in mortgage securities from the companies and provide quarterly capital infusions. (For more on this news, click here.)Bhutto Widower Wins
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Small Business Loans
Posted by admin 257 days ago (http://gvbizinfo.com)
Small Business Loans information and resources
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GE to build manufacturing tech center in Mich. (AP)
Posted by admin 258 days ago (http://us.rd.yahoo.com)
General Electric Co. says it will open a manufacturing technology center in Michigan that will eventually employ more than 1,100 workers.
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Lowest Mortgage Rates
Posted by admin 258 days ago (http://compareratequotes.com)
Lowest Mortgage Rates for any state in the country
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Crisis Averted, Investors Are Wondering What's Next (Ahead of the Curve)
Posted by admin 304 days ago (http://www.smartmoney.com)
What do you call it when, in a bear market, stocks have been falling so hard that investors can't stand the pain anymore? They've already lost, say, 80% of their money. But they sell, because the thought of losing 81% is just something they can't accept?Students of investor psychology call it “capitulation.” Traders call it “puking.” A month after doing it, investors usual
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Can This Rally Keep Going? (On the Street)
Posted by admin 304 days ago (http://www.smartmoney.com)
An economy driven by consumer spending needs its consumers to have jobs -- and access to credit. Now that April job losses came in far better than expected and the stress tests are behind us, the market is reacting as if the economy has stabilized.So is the worst behind us? Yes -- with a "but," experts say. Bad news is not the same thing as good news, even if it is "less bad" than expected. More
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Are Bank Stocks the Next Bonanza? (On the Street)
Posted by admin 304 days ago (http://www.smartmoney.com)
Bankers may never want to hear the words "stress test" again. After all, they've just gone through a torturous exam of their corporate finances, and 10 big banks have been told by regulators that they need to raise $75 billion in capital as a buffer against potential losses. But now that the tests are over, is it time to dip into the stocks?Banks certainly look a bit healthier than a few mont
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Health groups offer $2 trillion in cost savings (AP)
Posted by admin 304 days ago (http://us.rd.yahoo.com)
President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered $2 trillion in spending reductions over 10 years to help pay for the program.
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Target's activist shareholder to hold town meeting (AP)
Posted by admin 304 days ago (http://us.rd.yahoo.com)
Less than three weeks ahead of what's expected to be a heated proxy contest at Target's annual shareholders' meeting, activist shareholder William Ackman aims to strengthen his case to investors for a new slate of directors by personally introducing his roster at a town hall meeting here Monday.
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Money or tradition: Ind. Amish face uneasy dilemma (AP)
Posted by admin 306 days ago (http://us.rd.yahoo.com)
A part-time construction job sturdied Orva Fry's financial foundation after he was laid off from an RV factory. It also kept the 41-year-old Amish father of two on steady spiritual ground.
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LCH.Clearnet receives takeover bid from consortium (AP)
Posted by admin 306 days ago (http://us.rd.yahoo.com)
London-based LCH.Clearnet Group Ltd., a key European trading securities clearing house, has received a takeover bid for as much as $1.2 billion from a consortium of banks, including J.P.
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Refinancing a Home Loan
Posted by admin 306 days ago (http://refinance-america.com)
Refinancing a Home Loan is easy just follow this simple plan
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Using Twitter to Make Smarter Money Moves (On the Street)
Posted by admin 317 days ago (http://www.smartmoney.com)
In case you hadn’t noticed, Twitter is everywhere these days. The social-networking phenomenon has attracted endless amounts of publicity, with celebrities ranging from Oprah to Ashton Kutcher now beaming out the ultra-short updates known as tweets.But can Twitter help you invest? Increasingly, financial types from economists to actual traders are blasting out their thoughts on Twitter (alw
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Does Your Financial Adviser's Math Add Up?
Posted by admin 317 days ago (http://www.smartmoney.com)
For years, financial advisers have given their clients authoritative, seemingly precise guidance to tell them exactly how much they need to save for retirement—and how much they can spend when they get there. Last year’s market crash has exposed some flawed assumptions behind those numbers.These complex formulas or “models” have dominated retirement-planning for a generati
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Fed's No. 2 Kohn sees gradual recovery in 2009 (AP)
Posted by admin 324 days ago (http://us.rd.yahoo.com)
Federal Reserve Vice Chairman Donald L. Kohn said steadier consumer spending and home sales, together with favorable earnings results from some banks, may indicate that the U.S. economy is poised to stage a gradual recovery later this year.
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Oil hovers below $46 as crude follows stocks down (AP)
Posted by admin 324 days ago (http://us.rd.yahoo.com)
Oil prices languished below $46 a barrel Tuesday in Asia after renewed doubts about the health of U.S. banks sent crude and stock markets tumbling.
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Profiting From Obamacare
Posted by admin 325 days ago (http://www.smartmoney.com)
It’s not just the banking industry that’s reeling from Washington’s maneuvers: President Obama has proposed a major overhaul of the nation’s $2.4 trillion health care system. Whether or not that’s good news for our citizenry, we’ll leave for another time. But what’s in his plan for investors?So far, Wall Street has taken a dim view of Obamacare. Heal
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Bank of America posts 1Q profit but stocks fall (AP)
Posted by admin 325 days ago (http://us.rd.yahoo.com)
Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.
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