WKYT - Money

Last Updated: 9:42 11/19/09

The number of newly laid-off workers seeking unemployment insurance was unchanged last week, while those continuing to claim benefits dipped.
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Watchdog: Gov't may have overpaid to bail out AIG

Last Updated: 8:40 11/17/09

A government watchdog is raising questions about the way officials handled the multibillion dollar bailout of insurance giant American International Group Inc.
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GM reports $1.2B 3Q loss, says it shows progress

Last Updated: 8:29 11/16/09

General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters and a sign that the auto giant is starting to turn around.
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Stock futures point to lower Wall Street open

Last Updated: 8:30 11/10/09

Stock index futures are pointing to a lower open on Wall Street as the dollar, which powered Monday's huge rally, is little changed.
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Obama to sign homebuyer, jobless bill assistance 22 Comments Last Updated: 8:51 AM 11/06/09 - Longtime jobless people and prospective homebuyers will be the main beneficiaries when President Barack Obama signs a $24 billion economic stimulus bill today. (Full Story)
Fannie Mae offers borrowers option to foreclosure 2 Comments Last Updated: 8:52 AM 11/06/09 - Homeowners on the verge of foreclosure could soon get a reprieve from government-controlled mortgage company Fannie Mae. (Full Story)
Toyota returns to profit in latest quarter 1 Comment Last Updated: 8:54 AM 11/05/09 - Toyota said Thursday it returned to a profit in the latest quarter as government incentives boosted sales, leading the world's largest automaker to trim its projected red ink for the year. (Full Story)
First-time jobless claims drop less than expected 2 Comments Last Updated: 10:14 AM 10/29/09 - The government says the number of people claiming jobless benefits for the first time droppped slightly last week, evidence that the labor market remains weak even as the economy is recovering. (Full Story)
Economy grows in 3rd quarter, signals end of recession 2 Comments Last Updated: 10:12 AM 10/29/09 - The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. (Full Story)
Gov't may say recession over but not job losses 4 Comments Last Updated: 8:47 AM 10/27/09 - Economic numbers coming out in the next week or so are expected to make it technically official -- the recession is over, but not the pain. (Full Story)
Senate to consider extending jobless benefits 0 Comments Last Updated: 10:39 AM 10/26/09 - Extending jobless benefits to those who are still out of work will be one focus of Senate Democrats this week. (Full Story)
Congress scrutinizes problems in homebuyer credit 2 Comments Last Updated: 8:54 AM 10/22/09 - A House panel is looking into concerns of fraud among those taking advantage of the first-time homebuyer tax credit. (Full Story)
Watchdog says it's too soon to know how much TARP money will be repaid 0 Comments Last Updated: 10:22 AM 10/21/09 - The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse says it's too early to say how much will be repaid to the taxpayers. (Full Story)
Jobless claims drop for 5th time in 6 weeks 1 Comment Last Updated: 10:42 AM 10/15/09 - The number of newly laid-off workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving. (Full Story)
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2010: The Year Main Street Sticks it to Wall Street and Washington - Post Your Comments!

There is one thing I would not want to be right now: an incumbent politician. From the President to the dog catcher, many in elective office are suffering from rapidly declining popularity. People are angry and broke. (Read Blog)

Just Say "No" To Adult Children Wanting Money - Post Your Comments!

It seems like every family has one - - the Child Who Never Grew Up. They mooch off their parents well into their "adulthood." They frequently need to "borrow" money, with no intention of paying it back. They always have car problems, relationship problems, "bad luck" or other sob stories. All their problems have the same proposed solution: Money from mom and dad. (Read Blog)

It's Time to Teach Children About Money - Post Your Comments!

Many of my columns are about people who make bad financial decisions. People who take out payday loans and run up debts on high-interest credit cards. People who play the lottery and gamble too much at casinos. (Read Blog)

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Tax the Rich to Pay For Troops?
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Stocks fall for 3rd day as dollar strengthens
NEW YORK (AP) -- The stock market ended a down week with light selling as investors grew uneasy about a rising dollar and spiking demand for the safest government debt....
D.R. Horton sees 26 perecent spike in 4Q orders
Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling 16 percent Friday....
More states add jobs, but many for temporary staff
WASHINGTON (AP) -- In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment....
J.M. Smucker 2nd-quarter profit soars on coffee
PORTLAND, Ore. (AP) -- J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices fattened its profit margins....
Chase drops arbitration from card contracts
BOSTON (AP) -- JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits....
Natural gas plunges 12 percent this month
NEW YORK (AP) -- Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off....
EU extends Oracle/Sun review deadline until Jan 27
BRUSSELS (AP) -- European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc....