We extend your Money Senses
By Dawn Kopecki
With the credit markets in turmoil and housing prices tumbling, people from Wall Street to Main Street are wondering what can and should be done to minimize the damage to the broader economy. Should the Federal Reserve do more to bring confidence back to the markets? Should state legislatures take action to prevent […]
By Richard Wolf, USA TODAY
SUITLAND, Md. — The nation’s median household income rose to $48,200, and the poverty rate fell to 12.3% in 2006, the first time this decade that both improved, the Census Bureau reported Tuesday.
At the same time, however, median earnings for men and women continued to fall, an indication that household income […]
By MIGUEL HELFT
SAN FRANCISCO, Aug. 28 — Google said Tuesday that George Reyes, the company’s longtime chief financial officer, plans to retire. He will be one of only a few of the Internet search giant’s top executives to have left since its founding in 1998.
Mr. Reyes, 53, joined Google more than five years ago and […]
Maureen Farrell,
Can I take cash out of my business without relinquishing total management control?
The Bancroft family, owner of a controlling stake in Dow Jones & Co. has been chewing on that same question since April, when News Corp.’s Rupert Murdoch offered $5 billion for the company–more than twice what anyone else was willing to […]
Temasek loses £150m on its July investment in Barclays
Temasek, the Singapore investment vehicle that has emerged as a possible buyer of Nasdaq’s stake in the London Stock Exchange (LSE), has lost £150 million on its investment in Barclays in the space of a month.
The state-backed fund took a 2.1 per cent interest in the […]
By Tim Paradis
Associated Press
Sunday, August 26, 2007; Page F07
NEW YORK — The market turmoil of the past month spawned by growing credit market problems is spilling over to money-market funds, an investment long seen as a safe and secure place to park cash.
Concerns about fallout from now-failing mortgages and the grinding sounds emanating from the […]
AP
By Frank Eltman, Associated Press Writer
Long Island Utility Scrapping Plans for $700 Million Ocean Wind Park
GARDEN CITY, N.Y. (AP) — In the end, it was the cost that blew away the wind farm. Long Island Power Authority Chairman Kevin Law confirmed Thursday that the utility is scrapping plans to create a $700 million wind energy […]
AP
Friday August 24
By Ashley M. Heher, AP Business Writer
Super-Size What? the Big Mac Gets Its Own Museum As the Triple-Decker Burger Turns 40
CHICAGO (AP) — Normally, a 40-year-old sandwich would be something to be avoided. Unless you’re one of millions who flock to McDonald’s each year to chow down on a Big Mac. The triple-decker […]
By ALEX VEIGA, AP Business Writer
LOS ANGELES - Countrywide Financial Corp. said Bank of America Corp. made a $2 billion investment in the company Wednesday as the nation’s largest mortgage lender tries to weather a credit crunch that’s rocked Wall Street and the mortgage industry.
“Bank of America’s investment in Countrywide represents a vote of […]
Robert Kiyosaki
The subprime mess is widespread, and it seems to be getting worse. It’s certainly worse if you’re about to lose your home.
The stock market is schizoid — up one day and down the next. If you’re a day trader, this volatility is pure heaven; if you’re getting ready to retire, it’s likely to give […]