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April 2009 - Posts
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Starbucks on Thursday posted four ads on its Web site in a sneak peak of a new marketing campaign meant to take on lower-priced rivals in the gourmet coffee Read More...
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The U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday. But how is that possible? Read More...
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When Marty Kotis looked at his company's monthly wireless bill, he found a stunning charge — for 2,500 text messages on a single staffer's phone. Read More...
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The Senate has defeated legislation that would have let hundreds of thousands of debt-ridden homeowners seek mortgage relief in bankruptcy court. Read More...
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Union workers at Chrysler and General Motors have long lamented that they could run the automakers better than management. Now they'll get their chance Read More...
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Marchionne revived a sickly Fiat, but can he do the same for Chrysler, the smallest of Detroit’s “Big Three” and North America’s most sickly automaker Read More...
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The Obama administration is pursuing employers who knowingly hire and exploit illegal workers, a policy not significantly different from the Bush administration's Read More...
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The outbreak of the H1N1 influenza has major political and public-health ramifications, but it's also causing agita for the business sector. Read More...
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Exxon Mobil said Thursday first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as crude and gas prices fall Read More...
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The government says U.S. consumer spending fell for the first time in three months while income growth slipped for a second straight month. Read More...
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The number of newly laid-off workers signing up for unemployment benefits posted an expected drop last week, while people continuing to draw aid topped Read More...
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Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of American consumers is getting Read More...
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A worldwide drop in consumer spending shaved almost 4 percent from Procter & Gamble Co. profit in the fiscal third quarter, the world's largest consumer Read More...
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Talks between Chrysler LLC's lenders and the Treasury Department to keep it out of bankruptcy protection have disintegrated, a person familiar with the Read More...
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When Ed Pegler was laid off from his highway construction job four months ago, the 47-year-old father of two didn't know when he'd be back to work. Read More...
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The music of James Brown plays to an empty Starbucks. A woman has virtually an entire airliner to herself as she flies into Mexico City. Beach chairs go Read More...
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If the government takes a majority stake in General Motors, will it end up taking the wheel, too? Read More...
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Three people briefed on the deal say Italian automaker Fiat Group SpA will sign paperwork by Thursday to become a partner with Chrysler LLC. Read More...
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The Federal Reserve said Wednesday it sees signs the recession is easing and that the economic outlook has “improved modestly” since last month. Read More...
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Warren Buffett's Berkshire Hathaway Inc. will not release its first-quarter earnings report this week on the eve of its annual meeting. Read More...
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Your Biz blog: If everyone at your small company started coughing tomorrow you might suspect swine flu. But are you prepared to send them all home? Read More...
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Unemployment rates rose in all of the nation’s largest metropolitan areas in March, with Indiana’s Elkhart-Goshen once again logging the biggest gain. Read More...
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Amid tight security and a growing number of protesters, Bank of America Corp. executives braced Wednesday for what was expected to be a contentious annual Read More...
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With one day left to go before its deadline, Chrysler LLC’s chief executive said Wednesday that the automaker is making progress toward meeting the U.S. Read More...
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Time Warner Inc. said Wednesday that its first-quarter profit fell 14 percent as AOL and publishing results continued to crumble under the weight of deteriorating Read More...
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The recession's grip on the country remained relentless in the first quarter, when the economy shrank by a larger-than expected 6.1 percent, the government Read More...
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If there is a silver lining to be found in the dark cloud that is the nation's soaring unemployment rate, it may be that Americans are getting better at Read More...
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Citigroup Inc., which has received $45 billion in federal bailout funds, is requesting permission from the Treasury Department to pay out special bonuses, Read More...
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Hamstrung by an ailing RV industry, Elkhart is seeing firsthand the monumental task of clawing back from such a big economic hit amid a difficult recession Read More...
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GM’s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand’s top executive Read More...
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The swine flu outbreak is unleashing a side effect the global economy is in no condition to handle: fear. Read More...
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The U.S. banking system could be free of government money within a year, the powerful chairman of the U.S. House of Representatives Financial Services Read More...
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Like the virus itself, the name "swine flu" is spreading quickly. For the pork purveyors and hog farmers who make up the nation's $15 billion pork industry, Read More...
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General Motors Corp. says it will force 1,000 to 1,200 underperforming dealerships to close their doors as the automaker tries to thin dealer ranks to Read More...
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The Treasury Department has reached a tentative agreement with four of Chrysler's major debtholders as the automaker races to stave off bankruptcy, a person Read More...
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Hopeful signs that the worst may be over for the economy boosted Americans' moods in April, sending a closely watched barometer of sentiment to the highest Read More...
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A widely watched housing index shows U.S. home prices dropped in February, but for the first time in 16 months the decline was not a record. Read More...
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The Obama administration is expected to announce Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives to Read More...
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Bank of America and Citigroup have been told by regulators that "stress test" results show they may need to raise additional capital, The Wall Street Journal Read More...
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Pontiac’s demise was an ignominious end for a brand whose products fired the imagination of enthusiasts of traditional American muscle cars. By Dan Carney Read More...
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The Treasury Department is racing to engineer the sale of Chrysler's financing arm in a move the administration deems vital to saving the troubled automaker, Read More...
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General Motors, once the colossus of American capitalism, will become a leaner, government-owned company if the Obama administration goes along with the Read More...
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German automaker Daimler AG says it has reached a deal to get rid of its 19.9 percent stake in Chrysler LLC. Read More...
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The U.S. economy, which was showing tentative early signs of a recovery, faces a potentially grave new threat: swine flu. Read More...
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As executives of the nation's largest banks review their stress-test results, even the top performers are lobbying regulators to raise their scores before Read More...
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The business magazine Portfolio is closing down and laying off more than 80 people, just two years after launching with $100 million in backing. Read More...
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Blacks and Hispanics lag behind whites for higher-paying jobs at the largest rates in about a decade as employment opportunities have dwindled during the Read More...
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Uncertainty over the swine flu outbreak has raised fears that that the spread of the virus could harm trade and tourism and undermine businesses just as Read More...
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Job fairs and job-networking events are becoming a familiar scene across the country, but are they worth the time? Read More...
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Business incubators are designed to accelerate the successful development of small businesses by offering them support services and resources, and no two Read More...
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General Motors Corp. said Monday it will cut 21,000 U.S. factory jobs by next year and phase out its storied Pontiac brand. Read More...
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Verizon Communications has posted better-than-expected first-quarter earnings and revenue, despite the economy. Read More...
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If President Barack Obama's tax plans are enacted, the burden will chiefly fall on two groups: wealthy families and businesses. Read More...
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NYT: An examination of Treasury Secretary Timothy Geithner’s five years as head of the New York Fed shows that he forged unusually close relationships Read More...
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The United Auto Workers union says it has reached a concession agreement with Chrysler, Fiat and the U.S. government. Read More...
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General Motors says it will announce details of its restructuring plan on Monday ahead of making an offer to bondholders to exchange debt for equity. Read More...
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The manager of GM’s employee stock fund has sold off all remaining shares of the troubled auto maker, which is closing plants and slashing costs in a bid Read More...
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Retired Chrysler LLC project manager Clifford St. Pierre and his wife Patricia bought $200,000 in General Motors Corp. notes three years ago, thinking Read More...
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As the recession grinds on, Federal Reserve policymakers will open a two-day meeting Tuesday to make a fresh assessment of U.S. economic conditions, review Read More...
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The average price for a gallon of gasoline in the United States rose less than a penny in the past two weeks as the economic downturn help to keep a lid Read More...
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The wait for news about the government's stress tests of big banks and a crush of earnings reports are likely to keep Wall Street on edge this week. Read More...
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Not long ago the International Monetary Fund seemed headed for relic status. Now it's once more flying high, rolling out ambitious plans to blanket an Read More...
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OPEC Secretary General Abdalla el-Badri has warned that oil prices of $50 per barrel are "insufficient for continued investment" and urged a $70 barrel Read More...
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Reeling from a recession with roots in rich countries, the world's poorest nations need more help without burdening them with debt or adding to the ranks Read More...
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White House economic adviser Larry Summers said Sunday the Obama administration is holding out hope that Chrysler LLP can stay out of bankruptcy court Read More...
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A few years ago, companies staging annual meetings brought in acts like Paul McCartney and Tony Bennett. At the very least, they offered snacks as CEOs Read More...
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With white tin ceilings, original woodwork, bay windows, and a $699,000 price tag, the two-bedroom apartment at 719 Carroll St. in Brooklyn would have Read More...
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Iran has 66 million people, good schools, and a diversified industrial base — with a pent-up appetite for computers, planes, aircraft parts, and knowhow Read More...
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NYT: The rest of the nation may be getting back to basics, but on Wall Street, paychecks still come with a golden promise. Read More...
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As protesters clashed with police on Washington's streets, U.S. Treasury Secretary Timothy Geithner urged world finance officials meeting near the White Read More...
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Forbes' analysis of executive pay shows which big bosses made the most and who deserved what they made. Read More...
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In less than six months, GM went from insisting on its integrity to gladly embracing the idea of tearing itself in half. What would a good GM/bad GM structure Read More...
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It was the banking industry's equivalent of Judgment Day: Dark-suited bank executives called in to top-secret meetings with Federal Reserve officials to Read More...
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With MySpace falling behind Facebook as the world's largest online social network, MySpace tapped a former Facebook executive Friday as its new chief executive Read More...
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Finance officials from the world’s top economic powers pledged on Friday to cooperate on efforts to lift nations out of the worst recession since the 1930s. Read More...
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Could your finances survive a stress test? If you're unsure, it might be time to play a game of Wall Street regulator at home. Read More...
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The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off Read More...
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Welcome to September 1910, when the bankers revolted against Billy Durant's General Motors. Read More...
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The Federal Reserve says the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession Read More...
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Long before the creation of Trader Joe's and a Wal-Mart organic label, the self-conscious consumer has pondered the hypocrisy: What's with organic eggs Read More...
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The Treasury Department says it has provided General Motors Corp. with another $2 billion in federal loans as the giant automaker struggles to restructure Read More...
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Mortgage finance company Freddie Mac, coping with the apparent suicide of its acting chief financial officer, said Friday that its former chief executive Read More...
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With Chrysler LLC appearing increasingly likely to seek bankruptcy protection, members of Congress are calling for an orderly process that saves the company Read More...
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New U.S. home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market Read More...
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A French victim of Bernard Madoff's fraud sought Friday to have proceeds from the sale of the jailed financier's villa on the French Riviera seized to Read More...
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Demand for big-ticket manufactured goods fell less than expected in March, raising hopes that the long slide in manufacturing is nearing an end. Read More...
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Federal regulators on Friday will privately begin telling the nation’s 19 largest financial institutions how well they performed in stress tests to assess Read More...
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You may think you know what it takes to nail a job interview — how your cover letter should look, what to wear, how to make your greatest weaknesses sound Read More...
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U.S. automaker Ford posted a smaller-than-expected $1.4 billion first-quarter loss Friday amid the auto sector downturn Read More...
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Did the taxpayer-funded bailout put banks back in the black? If so, should that really count as “making a profit”? The Answer Desk. Read More...
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There seemed little chance U.S. car makers could look any worse, but moves like GM’s announcement it will cut production this summer risk scaring off potential Read More...
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A General Motors plan to temporarily close several U.S. factories this summer makes lots of financial sense for the beleaguered automaker, but not for Read More...
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Microsoft Corp. on Thursday posted the first decline in quarterly revenue in its 23-year history as a public company, but met Wall Street's lowered profit Read More...
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The Treasury Department is preparing a Chapter 11 bankruptcy filing for struggling U.S. automaker Chrysler that could come as soon as next week, according Read More...
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General Motors Corp. said it will temporarily close 13 assembly plants in the U.S. and Mexico — some for more than two months — as it tries to pare back Read More...
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Freddie Mac's acting chief financial officer was apparently told to take time off from work before he committed suicide. Read More...
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As Treasury officials wrap up their “stress test” for the U.S. financial system, some critics are giving the entire process a failing grade. Read More...
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Long demonized, hedge funds haven't exactly escaped the financial meltdown. But those that have survived offer up solid lessons on how risky investments Read More...
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A real estate group says sales of previously occupied homes sank by an unexpectedly large amount from February to March, dashing hopes of a spring housing Read More...
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New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million Read More...
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Bank of America Corp CEO Kenneth Lewis testified that Fed Chairman Bernanke and then-Treasury Secretary Paulson pressured him to keep quiet about losses Read More...
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UPS Inc., the world’s largest shipping carrier, says first-quarter profit plunged more than 55 percent to $401 million as revenue dropped more than 13 Read More...
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Moving up in today's dismal housing market can be a financially shrewd maneuver, real estate agents across the country are telling their clients. Msnbc.com's Read More...
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President Barack Obama is pushing for more legal protection for the millions of Americans who use credit cards. Read More...
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Nobel Peace Prize winner Muhammad Yunus, known as the "banker to the poor" for making small loans in impoverished countries, is now doing business in the Read More...
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Overseas aid and loans are just one way China is asserting itself in its new role as a world financial leader. Read More...
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MySpace co-founder Chris DeWolfe will step down soon as the social networking site’s chief executive, amid the site’s stalled user growth and the rapid Read More...
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This is National Credit Education Week, the perfect time to learn more about credit scoring and how this mysterious process works. Read More...
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In the past week, the largest U.S. airlines reported staggering losses and a sharp downturn in traffic during the first quarter. But some executives think Read More...
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