Oct. 26, 2008 The bottom has fallen out of the housing market. The financial market is in turmoil. Jobs, home values and retirement funds are melting away. Who was keeping tabs on criminal conduct? According to a New York Times…
For Depression survivors, meltdown means reminder
Date: 10/29/2008 By MEGAN K. SCOTTAssociated Press Writer NEW YORK (AP) _ The words have been repeated over and over: This is the worst financial crisis since the Great Depression. For those who lived through that turbulent time, the statement…
Hunt for retirement jobs stepped up in bad economy
Date: 10/29/2008By DAVE CARPENTER/AP Business Writer CHICAGO (AP) _ It sounds like an oxymoron, but the concept of working in retirement is fast becoming the norm for many older Americans — forced by dwindling financial resources and a recessionary economy…
White House to banks: Start lending now
Date: 10/28/2008 WASHINGTON (AP) — An impatient White House prodded banks and other financial companies Tuesday to quit hoarding billions of dollars flowing into their vaults from Washington and start making more loans. Hoping to thaw the credit freeze that…
Democrats, Republicans agree on something: anxiety
Date: 10/27/2008 2:50 PM By HEATHER LALLEY CHICAGO (AP) _ Victoria St. Gelais is panicky. Tami Brewster-Barnes feels the nerves in the pit of her stomach. Steven Valentine is losing sleep as his mood rises and falls with John McCain’s…
Alaska’s Gas Pipeline: Pipe Dream?
Date: 10/25/2008 12:17 PM By JUSTIN PRITCHARD and GARANCE BURK Associated Press Writers ANCHORAGE, Alaska (AP) _ Gov. Sarah Palin’s signature accomplishment — a contract to build a 1,715-mile pipeline to bring natural gas from Alaska to the Lower 48…
Market’s latest lurch down raises new uncertainty
Date: 10/24/2008 5:22 PM By DAVE CARPENTERAP Business Writer CHICAGO (AP) _ The advice from financial experts has been painfully repetitive during weeks of decline in the markets: A bottom should be near. History says stocks always bounce back. Don’t…
HealthSouth, UBS settle lawsuit
Date: 10/23/2008 9:56 PM BIRMINGHAM, Ala. (AP) _ HealthSouth Corp. said Thursday it reached agreement with UBS AG settling litigation filed by shareholders who claimed the Swiss investment bank was aware of a $2.7 billion fraudulent accounting scheme involving more…
Sen. seeks info from SEC on Bear Stearns deal
Date: 10/22/2008 11:39 PM By MARCY GORDONAP Business Writer WASHINGTON (AP) _ A key senator is examining whether a top Securities and Exchange Commission official gave sensitive information to a former colleague working at JPMorgan Chase & Co. when the…