Business Finance & Career

US regulators shut Kansas bank

admin — Sat, 23 Aug 2008 08:18:20 -0500

Federal regulators on Friday shut down Kansas bank Columbian Bank and Trust Company, which was struggling with losses on soured real estate loans.

These homes for sale suck

admin — Sat, 23 Aug 2008 07:42:05 -0500

Mold, maggots and piles of festering trash - no wonder home prices are in freefall.

Lehman's clock is ticking

admin — Fri, 22 Aug 2008 15:05:11 -0500

Lehman Brothers' latest march toward the once-unthinkable price of $10 a share was interrupted when a Korean bank expressed interest Friday in the struggling brokerage firm. The question now is whether CEO Dick Fuld is willing to reciprocate.

Oil falls $3 as dollar strengthens

admin — Fri, 22 Aug 2008 12:05:35 -0500

Oil prices tumbled more than $3 a barrel Friday, erasing part of the previous session's spike, as investors worried that a decline in demand will spread outside the United States.

Investors pulling out of Russia

admin — Fri, 22 Aug 2008 11:44:27 -0500

Russia sees foreign investment fall as investors become more nervous following the recent conflict with Georgia.

Stocks stage rally

admin — Fri, 22 Aug 2008 11:40:36 -0500

Falling oil prices and rebounding bank shares helped fire up a stock market rally near midday Friday, as investors eyed a stronger dollar and speculation that Lehman Brothers could be a takeover candidate.

Labor Day travelers opt for trains, buses

admin — Fri, 22 Aug 2008 11:39:58 -0500

Travelers will be crowding onto buses and trains for this Labor Day weekend, the motorist group AAA said on Friday, while car and airplane travel is expected to decline.

Bernanke warning on US inflation

admin — Fri, 22 Aug 2008 11:29:12 -0500

US Federal Reserve chairman Ben Bernanke says the inflation outlook for the nation is "highly uncertain".

UK economy comes to a standstill

admin — Fri, 22 Aug 2008 11:23:52 -0500

UK economic growth ground to a halt between April and June, official figures show, heightening fears of a recession.

Bernanke: Financial storm not over

admin — Fri, 22 Aug 2008 11:21:12 -0500

Federal Reserve Chairman Ben Bernanke said Friday that the problems in the nation's financial markets persist and still threaten the economy.