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Obama to sign homebuyer, jobless bill assistance
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.
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Fannie Mae offers borrowers option to foreclosure
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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
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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.
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First-time jobless claims drop less than expected
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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
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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
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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
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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
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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
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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
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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)
Dow Jones Breaks 10,000-Point Barrier
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Last Updated: 4:24 PM 10/14/09 - The Dow Jones industrial average has reclaimed 10,000 for the first time in a year. (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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AP - Business
  • British treasury chief urges climate agreement
    ST. ANDREWS, Scotland (AP) -- British treasury chief Alistair Darling urged the world's top finance officials on Saturday to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month....
  • Banks in Ga., Mich., Minn., Mo., Calif. closed
    CHARLOTTE, N.C (AP) -- Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans....
  • Pa. governor: Philly transit strike could end soon
    PHILADELPHIA (AP) -- A tentative contract agreement has been reached that could end the public transit strike that has idled Philadelphia's subways, buses and trolleys for four days, Gov. Ed Rendell said late Friday....
  • Berkshire Hathaway says 3Q profit triples to $3.2B
    OMAHA, Neb. (AP) -- Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled....
  • Freddie Mac loses $6.3B in 3Q
    WASHINGTON (AP) -- Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion....
  • Stocks post modest gains as job losses slow
    NEW YORK (AP) -- Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday....
  • Consumer borrowing drops $14.8B in September
    WASHINGTON (AP) -- Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery....
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