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    Personal Finance Headlines
    Wall Street slips as recession worries nag (Reuters)

    Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years. (Graphics/Reuters)Reuters - Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years.


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    Fri, 17 Oct 2008 20:36:47 GMT - Yahoo! News: Personal Finance News
    Housing market and consumers on the ropes (Reuters)

    Construction workers frame a condominium complex in a Denver, Colorado suburb in this May 16, 2008 file photo. Construction starts on new homes fell to a new 17-1/2 year low in September as builders scaled back amid a worsening housing slump and growing turmoil in financial markets that helped pushed permits for new homes to a nearly 27-year low. (Rick Wilking/Reuters)Reuters - Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.


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    Fri, 17 Oct 2008 15:20:31 GMT - Yahoo! News: Personal Finance News
    Stocks climb as earnings reassure (Reuters)

    A trader works on the floor of the New York Stock Exchange, October 16, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose in choppy trade on Friday after tech bellwether Google Inc posted reassuring results and energy stocks tracked the price of oil higher.


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    Fri, 17 Oct 2008 18:13:51 GMT - Yahoo! News: Personal Finance News
    Merrill 3Q loss widens on mortgage-related charges (AP)

    In this Nov. 15, 2007 file photo, people walk past the Merrill Lynch building in New York. Investment bank Merrill Lynch & Co. said Thursday, Oct. 16, 2008, its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis. (AP Photo/Brian McDermott, file)AP - Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis.


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    Thu, 16 Oct 2008 21:48:35 GMT - Yahoo! News: Personal Finance News
    Obama warns against overconfidence (Reuters)

    Republican presidential nominee Sen. John McCain, R-AZ (L) greets Democratic presidential nominee Sen. Barack Obama (D-IL) after their presidential debate at Hofstra University in Hempstead, New York., October 15, 2008. REUTERS/Charles Dharapak/Pool (UNITED STATES) US PRESIDENTIAL ELECTION CAMPAIGN 2008 (USA)Reuters - Democratic presidential nominee Barack Obama warned his supporters to guard against overconfidence on Thursday as he and underdog Republican rival John McCain opened a 19-day sprint to Election Day.


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    Thu, 16 Oct 2008 18:10:21 GMT - Yahoo! News: Personal Finance News
    Merrill 3Q loss widens on mortgage-related charges (AP)

    Traders work on the floor of the New York Stock Exchange, October 16, 2008. (Brendan McDermid/Reuters)AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis.


    -- read full article
    Thu, 16 Oct 2008 10:58:32 GMT - Yahoo! News: Personal Finance News
    JPMorgan profit sinks as credit deteriorates (AP)

    In this Sept. 26, 2008 file photo, a woman passes a branch of Chase Bank in New York's financial district. JPMorgan Chase & Co. said Wednesday, Oct. 15, 2008, its profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. (AP Photo/Mark Lennihan, file)AP - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.


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    Wed, 15 Oct 2008 19:41:18 GMT - Yahoo! News: Personal Finance News
    McCain, Obama begin final sprint after last debate (Reuters)

    Democratic presidential nominee Senator Barack Obama (D-IL) (L) and US Republican presidential nominee Senator John McCain (R-AZ) shake hands as they greet onstage for their third debate at Hofstra University in Hempstead, New York October 15, 2008. (Gary Hershorn/Reuters)Reuters - Republican John McCain and Democrat Barack Obama begin a 19-day sprint to Election Day on Thursday after a contentious final debate that featured aggressive McCain attacks on Obama's campaign tactics and tax plans.


    -- read full article
    Thu, 16 Oct 2008 05:07:54 GMT - Yahoo! News: Personal Finance News
    AIG lobbying to relax oversight rules: report (Reuters)

    A woman enters the American International Group (AIG) offices in New York September 17, 2008. (Shannon Stapleton/Reuters)Reuters - Insurance giant American International Group Inc is spending money to lobby states to soften new controls on the mortgage industry, the Wall Street Journal said.


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    Thu, 16 Oct 2008 03:57:38 GMT - Yahoo! News: Personal Finance News
    JPMorgan profit plummets on loan losses (Reuters)

    The JP Morgan and Chase headquarters is seen in New York, January 30, 2008. (Shannon Stapleton/Reuters)Reuters - JPMorgan Chase & Co's quarterly profit fell 84 percent, due to mark-downs on underperforming loans, but the results still beat analysts' forecasts.


    -- read full article
    Wed, 15 Oct 2008 12:50:55 GMT - Yahoo! News: Personal Finance News
    JPMorgan profit sinks as credit deteriorates (AP)

    In this Sept. 26, 2008 file photo, a woman passes a branch of Chase Bank in New York's financial district. JPMorgan Chase & Co. said Wednesday, Oct. 15, 2008, its profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. (AP Photo/Mark Lennihan, file)AP - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.


    -- read full article
    Wed, 15 Oct 2008 14:57:35 GMT - Yahoo! News: Personal Finance News
    Bush, Paulson take new approach to economic crisis (AP)

    US President George W. Bush (right) makes a statement on the global financial crisis as Treasury Secretary Henry Paulson looks on in Washington, DC. US authorities have unveiled plans to inject billions of dollars into banks to ease a global credit crisis, as European economies showed signs of recession and a powerful global stock rally stalled.(AFP/Getty Images/File/Alex Wong)AP - The Bush administration's latest effort to resolve the financial crisis embraces an approach it had resisted just a few weeks ago.


    -- read full article
    Wed, 15 Oct 2008 04:02:53 GMT - Yahoo! News: Personal Finance News
    Survey: Blacks save much less in retirement plans (AP)
    AP - In the midst of historic volatility on Wall Street there is a continuing trend of blacks saving and investing less than whites, according to a survey released Wednesday. The difference is attributed to various social and cultural reasons such as getting less exposure to personal finance concepts and advice. -- read full article
    Wed, 15 Oct 2008 04:27:35 GMT - Yahoo! News: Personal Finance News
    Spain's Banco Santander buying rest of Sovereign (AP)

    People pass a Sovereign Bank window, Tuesday, Sept. 30, 2008 in Boston. Sovereign Bancorp said Monday, Oct. 13, 2008, that it is in advanced discussions with Spain's Banco Santander regarding a possible buyout of the Philadelphia-based thrift. (AP Photo/Lisa Poole)AP - Spain's Banco Santander SA is taking its New World expansion northward. Already with a major presence in Latin America, the Madrid-based bank on Monday said it is buying the three-quarters stake in Philadelphia-based thrift Sovereign Bancorp Inc. that it doesn't already own for $1.9 billion.


    -- read full article
    Tue, 14 Oct 2008 04:38:24 GMT - Yahoo! News: Personal Finance News
    They Warned Us About the Mortgage Crisis (BusinessWeek Online)
    BusinessWeek Online - More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism. -- read full article
    Mon, 13 Oct 2008 12:08:42 GMT - Yahoo! News: Personal Finance News
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