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Five more banks fail - 120 for the year

Fri, 06 Nov 2009 22:43:45 EST

Five banks failed late Friday, bringing the 2009 tally to 120.

Art auction lifts hope for industry rebound

Fri, 06 Nov 2009 18:52:06 EST

A recent sale of Impressionist and modern art at Sotheby's auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.

Berkshire Hathaway for $68? Sweet!

Fri, 06 Nov 2009 16:32:45 EST

I don't know about you, but I don't have a spare $101,900 stuffed under my couch cushions to buy an "A" share of Warren Buffett's Berkshire Hathaway. I probably could scrounge together $3,395 for one "B" share, but I would rather not.

Teens suffer record unemployment

Fri, 06 Nov 2009 16:50:25 EST

Americans of all ages are being hurt by the weak job market, but the nation's teens are in a particularly bad spot.

$8,000 homebuyers tax credit extended

Fri, 06 Nov 2009 15:18:50 EST

President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

Consumer credit falls for 8th month

Fri, 06 Nov 2009 15:56:26 EST

Consumer credit fell in September for the eighth straight month, the longest streak of declines since the Federal Reserve started keeping records in 1943.

Stop the 'jobless recovery' madness!

Fri, 06 Nov 2009 14:08:26 EST

It's time to stop glorifying our economic doldrums with this "jobless recovery" nonsense.

Yankees - The Goldman Sachs of baseball

Fri, 06 Nov 2009 11:22:57 EST

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Treasurys pop after jobs report

Fri, 06 Nov 2009 16:57:53 EST

Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% -- its highest level since April 1983.

Meet the new leaders of banking

Fri, 06 Nov 2009 11:04:57 EST

JPMorgan Chase, Wells Fargo and other bank behemoths have bulked up over the past year. But they're not the only ones getting bigger these days.

Gold breaks $1,100

Fri, 06 Nov 2009 14:48:43 EST

Gold powered through $1,100 an ounce Friday after the U.S. government said the nation's unemployment rate rose more than expected last month, fueling demand for the metal as a safe haven.

Stocks rise on day, week

Fri, 06 Nov 2009 18:34:14 EST

Stocks ended a volatile session higher Friday, on bets that the unemployment rate's spike to a 26-year high means the worst for the labor market has already happened.

Unemployment hits 10.2%

Fri, 06 Nov 2009 19:40:14 EST

The nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.

Dollar climbs after weak jobs report

Fri, 06 Nov 2009 17:15:30 EST

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Oil sinks nearly 3% after jobs report

Fri, 06 Nov 2009 15:03:17 EST

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AIG profitable for second straight quarter

Fri, 06 Nov 2009 09:55:49 EST

AIG reported its second profitable quarter in a row early Friday, as stabilization in its insurance businesses, and the credit and mortgage markets helped boost results.

Playing through with one of golf's top execs

Fri, 06 Nov 2009 08:48:46 EST

It's been 105 years since golf was last an Olympic sport, but thanks largely to Ty Votaw, golfers will tee off in Rio come 2016.

Job market report disappoints Wall Street

Fri, 06 Nov 2009 08:44:30 EST

U.S. stocks were set to fall Friday after the government reported higher-than-expected payroll losses for October and an increase in unemployment.

Health insurance tax = higher wages?

Fri, 06 Nov 2009 04:26:05 EST

When was the last time your employer gave you a raise because the company had a little windfall? Don't feel bad if your memory is drawing blanks.

Fannie Mae posts $19 billion loss on bad loans

Thu, 05 Nov 2009 19:29:11 EST

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