| Personal Finance Headlines |
| Wall Street slips as recession worries nag
(Reuters)
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| 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 |
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| Housing market and consumers on the ropes
(Reuters)
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| 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 |
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| Merrill 3Q loss widens on mortgage-related charges
(AP)
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| 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 |
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| Obama warns against overconfidence
(Reuters)
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| 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 |
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| Survey: Blacks save much less in retirement plans
(AP)
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| 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 |
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| Spain's Banco Santander buying rest of Sovereign
(AP)
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| 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 |
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| They Warned Us About the Mortgage Crisis
(BusinessWeek Online)
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| 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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