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GM Says Bondholder Offer Fails; Bankruptcy Closer

Posted: 05/27/2009 - General Motors Corp. says not enough of its bondholders agreed to swap their debt for company stock, meaning the troubled automaker is almost certainly headed for bankruptcy protection.

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Consumer Confidence Soars In May

Posted: 05/26/2009 - A private research group says consumer confidence in May soared to the highest level since last September amid tentative signs that the economy is improving.

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FDIC: New Fee System To Replenish Insurance Fund

Posted: 05/22/2009 - Federal regulators are adopting a new system of special fees paid by U.S. financial institutions that will shift more of the burden to bigger banks to help replenish the deposit insurance fund.

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Wichita Unemployment Climbs Above 7%

Posted: 05/22/2009 - The Wichita unemployment rate jumped 0.4 of a percent in April, to go from 6.7 percent in March to 7.1 percent in April.

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Jobless Claims Fall To 631,000

Updated: 05/21/2009 - The government says the number of newly-laid off workers requesting unemployment insurance dropped last week after spiking the previous week due to auto layoffs.

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Chrysler Exec Says Sales OK Despite Bankruptcy

Posted: 05/20/2009 - A top Chrysler executive says the company is selling cars and trucks better than expected this month despite being under bankruptcy court protection.

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Stocks Show Muted Reaction To Fed Outlook

Updated: 05/21/2009 - Stocks are holding on to modest gains after the Federal Reserve said it expects the economy to improve in coming months even as policymakers lower their expectations for all of 2009.

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Crude Hits Six-Month High

Posted: 05/20/2009 - Oil prices hit a six-month high, climbing above $62 a barrel after a government report showed a drop in U.S. oil supplies for the second straight week.

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Money Matters

Posted: 05/20/2009 - 5 reasons to avoid debt settlement firms.

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Home Depot’s Profit Rises, Topping Forecasts

Posted: 05/19/2009 - The Home Depot reports that its fiscal first-quarter profit rose 44%. The nation's largest home improvement retailer beat Wall Street's expectations despite lower sales.

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Housing Agencies Protest Rules For Stimulus

Posted: 05/19/2009 - Many of the nation's largest public housing authorities fear they will be left out when the government distributes hundreds of millions in economic stimulus dollars.

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Mortgage Fraud Bill Goes to Obama to Sign

Posted: 05/18/2009 - Congress has sent President Barack Obama a bill to clamp down on mortgage fraud. It will also set up a $5 million independent commission to investigate the cause of the worldwide financial meltdown.

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