Category Archives: Financial

Last chance to buy paper savings bonds

By doris | Published: December 19, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — This holiday season is your last chance to stop by the bank and buy a paper savings bond, either for yourself or your loved ones. Starting Jan. 1, you’ll no longer be able to purchase paper savings bonds at banks or other financial institutions. Instead, the savings [...]

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Sorry kids, Santa’s not coming until January

By doris | Published: December 18, 2011

Full Story at BottomLine.msnbc.msn.com When Emily Russell’s two young sons wake up on Christmas morning, they’ll find that Santa left them a note instead of the videogames they requested. “Hey, I couldn’t get by your house last night,” Russell, a single mother from Kernersville, N.C., plans to write to her sons and sign Santa’s name. [...]

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SEC charges former execs of Fannie, Freddie

By doris | Published: December 17, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac with securities fraud on Friday for misrepresenting their holdings of high-risk mortgage loans. The SEC is targeting three former executives of Freddie Mac (FMCC, Fortune 500), including chief executive officer Daniel Mudd, [...]

Also posted in Business, CEO, Foreclosure, Scheme | Leave a comment

First Solar stock plunges 20%

By doris | Published: December 14, 2011

Full Story at money.cnnl NEW YORK (CNNMoney) — Shares in solar power company First Solar fell over 20% in early trading Wednesday after the firm lowered its sales forecast for 2011. The Arizona-based company, which is a leading maker of thin-film solar panels and also a developer of solar power projects, predicted net sales in [...]

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Postal Service delays closings until May 15

By doris | Published: December 13, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service. The U.S. Postal Service agreed to voluntarily enact a moratorium on closures, after [...]

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We are the median: Four kids on $50,000 ‘isn’t that difficult’

By doris | Published: December 11, 2011

Full Story at LifeInc.today.msnbc.msn.com Devin Datus, 39, and his wife, Michelle, 36, are raising four kids, ages 9 to 18, in Utah on his military salary. His wife is a full-time student and stay-at-home mom. TODAY.com’s Life Inc. blog asked the couple about their financial situation as part of a series of stories looking at [...]

Also posted in America, Children, Debt, Family, Home, Money, Spending | Leave a comment

Chrysler to call Fiat-based compact the Dodge Dart

By doris | Published: December 6, 2011

Full Story atnews.Yahoo.com DETROIT (AP) — The Dodge Dart, a 1960s compact car that gearheads turned into street racers, is making a comeback. Chrysler said Tuesday that it will use the Dart name for a new compact car based on Italian technology that it will introduce in the U.S. next year. The Dart, which is [...]

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USPS wants to limit next-day guarantee

By doris | Published: December 3, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service on Monday will announce a cost-savings proposal that would no longer guarantee next-day delivery of first-class mail. The financially troubled agency will present to its overseers a proposal to change its national standard for first-class mail to two-to-five days from one-to-three, according to interviews [...]

Also posted in Change, Economy, Mail, Post Office | Leave a comment

Car sales could be strongest since ‘Clunkers’

By doris | Published: December 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — American car buyers were out in force in November, with U.S. automakers posting solid sales in what is expected to be the best month for auto sales since 2009′s “Cash for Clunkers” program. General Motors (GM, Fortune 500) reported sales up 6.9% from a year earlier, while [...]

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Home prices fall to 8-year lows

By doris | Published: November 29, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Home prices continued to sink in the third quarter, falling to levels not seen since early 2003. Home prices dropped 3.9% year-over-year during the three months ended Sept. 30, according to the S&P/Case-Shiller national home price index. On a quarterly basis, prices were slightly higher, squeezing out a [...]

Also posted in Budget, Business, Home, Medicare | Leave a comment

Toyota aims to bring fun back with “86″ sports car

By doris | Published: November 27, 2011

Full Story at news.Yahoo.com OYAMA-CHO, Japan (Reuters) – Toyota Motor Corp <7203.T> unveiled a highly anticipated sports car that it hopes will trigger the rebirth of the company as a maker of “fun” cars that it hasn’t been in years. Japan’s top automaker took the wraps off the compact, rear-wheel-drive model at the Fuji Speedway [...]

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Another awful week for stocks. Thanks, Europe!

By doris | Published: November 26, 2011

Full Story atmoney,CNN.com NEW YORK (CNNMoney) — U.S. stocks ended lower Friday, logging the worst weekly losses in two months, as eurozone fears continued to weigh on investor sentiment. The Dow Jones industrial average (INDU) lost 26 points, or 0.2%, finishing in the red for a fourth consecutive day. The S&P 500 (SPX) fell 3 [...]

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AT&T braces for T-Mobile deal collapse

By doris | Published: November 25, 2011

Full Story at msnbc.com WASHINGTON — AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, reflecting the dwindling chances for the deal seen as job-destroying by powerful political opponents. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the [...]

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‘Oh, I shouldn’t have’: Retailers make pitch for self-gifting

By doris | Published: November 24, 2011

Full Story at BottomLine.msn.com Last year Hyundai entertained — or annoyed — television viewers with advertisements featuring carol-singing hipsters. This year, the automaker is taking a different tack in early radio ads, urging listeners to “give yourself a gift” of a new Hyundai this holiday season. Retailers, struggling with sluggish consumer spending are pulling out [...]

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