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Starting Monday, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy.

Federal unemployment benefits kick in after the basic state-funded 26 weeks of coverage expire. During the downturn, Congress has approved up to an additional 73 weeks, which it funds.

These federal benefit weeks are divided into tiers, and the jobless must apply each time they move into a new tier.

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NEW YORK (CNNMoney.com) — After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning.

The company has previously said it expected to take a financial hit of about $5 billion for restructuring costs in the fourth quarter. Analysts surveyed by Thomson Reuters estimate AIG will report a loss of $1.5 billion for the quarter on revenue of $23.3 billion.

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NEW YORK (CNNMoney.com) — More than 1 million people could lose their jobless benefits and health insurance subsidy in March if Congress doesn’t act fast.

When it returns from the President’s Day recess on Monday, the Senate will have one week to extend the deadlines to apply for federal unemployment benefits and the COBRA health insurance subsidy. Currently, the jobless have until Feb. 28 to sign up.

Full Story at msnbc.com

TOKYO/DETROIT – Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.

Honda, Japan’s No. 2 automaker, has now recalled close to 950,000 vehicles for airbag problems linked to one fatality and a total of 11 injuries in the United States.

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NEW YORK (CNNMoney.com) — After posting a fourth-quarter loss, Verizon Communications, Inc. said Tuesday it plans to cut about 13,000 jobs this year.

Verizon recorded a net loss of $653 million, or 23 cents per share, compared with a profit of $1.24 billion, or 43 cents a share, a year earlier.

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NEW YORK (CNNMoney.com) — UPS announced plans to cut 1,800 jobs as part of a restructuring plan intended to streamline the company’s domestic management structure.

The cuts will eliminate management and administrative positions across the country, UPS (UPS, Fortune 500) said in a statement Friday. Approximately 1,100 employees will be offered voluntary separation packages; other impacted workers will receive severance benefits and access to support programs.

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The AIG bailout isn’t going away, much as Treasury Secretary Tim Geithner might like it to.

The $180 billion fiasco was back in the news Thursday, after Bloomberg reported that the Federal Reserve Bank of New York prodded the troubled insurer at the end of 2008 to withhold some gory details of its bailout deal from the public.

Full Story at money.cnn.com

WASHINGTON (CNNMoney.com) — Got a gift card from Wal-Mart, Best Buy or American Express this holiday season?

Use it now, consumer advocates say. That’s the best way to avoid potential fees and other pitfalls that can suck up the value of consumer gift cards — at least until the Federal Reserve imposes limitations on some of the fees next year.

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“Oh, well…who cares what congress does, right? Time warner might not have fox programming anymore!!!!” said one Twitter user whose focus quickly switched from Thursday’s health care vote.

The nation’s second largest cable provider is at odds with Fox’s parent company, News Corp., as well as the Weather Channel and Scripps Networks whose content licensing contracts with Time Warner Cable will expire at the end of the year.