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April New Home Sales Rise 0.3 Percent

Posted: 05/28/2009 - The government says new U.S. home sales were almost flat last month, indicating that the housing market's recovery will likely be a slow and gradual process.

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GM Says Bondholders Support Sweetened Offer

Posted: 05/28/2009 - General Motors Corp. says a committee of bondholders has agreed to a sweetened deal to erase some of the automaker's debt in exchange for company stock.

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Initial Jobless Claims Drop Unexpectedly

Posted: 05/28/2009 - The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.

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GM Says Bondholder Offer Fails

Posted: 05/27/2009 - A General Motors bankruptcy filing appears inevitable now that a rebellion by bondholders forced it to withdraw a plan to swap bond debt for company stock.

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Money Matters

Posted: 05/27/2009 - Five steps to improve your credit score if you have had credit problems in the past.

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April Existing Home Sales Rise By 2.9 Percent

Updated: 05/27/2009 - A real estate group says sales of previously occupied homes rose modestly from March to April as buyers swooped in to take advantage of prices that were 15.4% below year-ago levels.

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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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