Wholesale inventories and sales rise in September

Costco shopper looks at Hershey’s syrup at Costco in Mountain View, Calif., Saturday, Nov. 6, 2010. Inventories held at the wholesale level rose for a ninth consecutive month in September while sales rose for a third month, encouraging signs that the economic expansion will continue. (AP Photo/Paul Sakuma) WASHINGTON (AP) — Inventories held at the […]


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Goldman fined $650,000 for disclosure lapse

WASHINGTON (AP) — Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government. The Financial Industry Regulatory Authority announced the fine Tuesday, saying Goldman lacked […]


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FDIC proposes new fees system

WASHINGTON (AP) — Federal bank regulators on Tuesday proposed a new system of fees paid by U.S. banks that would shift more of the burden to bigger institutions to support the deposit insurance fund. The board of the Federal Deposit Insurance Corp. voted to propose rules to change the basis for assessing a bank’s insurance […]


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GE to invest more than $2B into China efforts

NEW YORK (AP) — General Electric Co. plans to sink more than $2 billion into its efforts in China through 2012 as the conglomerate looks to build partnerships there. GE said Tuesday that it will likely spend $500 million on research and development and new customer innovation centers, adding more than 1,000 new jobs. More […]


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Stock futures point to gains; Gold jumps

NEW YORK (AP) — Stocks are poised to open slightly higher, a day after a modest decline in the Dow Jones industrial average broke a six-day streak of gains. Global stock markets are mixed Tuesday and gold continues to extend its gains. U.S. stock futures are higher with the Dow Jones industrials up 27, or […]


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SAfrican rand at near three-year high to dollar

JOHANNESBURG (AP) — South Africa’s currency is trading at an almost three-year high against the U.S. dollar, raising concerns about how strong is too strong. That puts it in a similar category as several other countries, such as Japan, that are wrestling with a soaring currency. But South Africa finds itself in a unique position: […]


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Ambac files for bankruptcy under Chapter 11

SymbolPriceChangeABK0.52+0.02{“s” : “abk”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Bond insurer Ambac Financial Group Inc. said Monday that it has filed for Chapter 11 bankruptcy protection after it failed to raise additional capital. The embattled company also failed to arrange a structured bankruptcy agreement with senior debt holders. It has tried […]


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Oil below $87 in Asia, retreating from year high

BANGKOK (AP) — Oil prices hovered under $87 a barrel Tuesday in Asia, retreating from a high for the year as regional stock markets fell. Benchmark oil for December delivery was down 28 cents at $86.78 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. Oil settled up […]


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Summary Box: Small firms’ demand for loans is weak

LOOSER LENDING: Banks eased lending standards for small businesses over the past three months, a new Federal Reserve survey found. WEAK DEMAND: The looser lending standards, however, didn’t spur small businesses to take out more loans. Demand for loans remained weak, the Fed said. GETTING BACK TO NORMAL: Despite the recent loosening of standards on […]


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Loan Mod Software Helps Homeowners Reduce Interest Rate

Video demonstration of the loan modification software Lower your interest rate today by starting a loan modification with our software.


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