WORLD NEWS

Travel Tools


PERSONAL FINANCE NEWS

  • Yahoo! News: Personal Finance News
    Personal Finance News

    • Visteon judge won't halt benefits termination (AP)
      AP - A Delaware bankruptcy judge has refused to halt implementation of his order allowing auto parts supplier Visteon Corp. to terminate its retirees' health and life insurance benefits.
    • PIMCO: End of mortgage buys form of tightening (Reuters)

      Mohamed El-Erian, CEO of Pacific Investment Management Company (PIMCO), gives the keynote address at the Symposium on Interest Rate Risk Management in Arlington January 29, 2010. REUTERS/Jason ReedReuters - The end of the Federal Reserve's program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday.


    • Summary Box: Housing construction falls in Feb. (AP)
      AP - HOUSING STARTS: Construction of new homes and apartments fell 5.9 percent in February to a seasonally adjusted annual rate of 575,000 units.
    • Is ExxonMobil Still Best of Breed? (The Motley Fool)
      The Motley Fool - It doesn't take a genius to recall that ExxonMobil (NYSE: XOM - News) is the biggest of Big Oil. So with that fact out of the way, those with a yen for investing in energy are left to question whether the company is also the best of its group.
    • Time to Buy This Tasty Appalachian Combination? (The Motley Fool)
      The Motley Fool - Just like the chocolate purist in those old ads who protested the delectable combination, coal investors protested CONSOL Energy's (NYSE: CNX - News) deeper dip into natural gas Monday with a 10% sell-off, dropping shares beneath $49 apiece. Although swallowing fossil fuels is never a good idea, investors may wish to "taste" this unique combination of fuels before protesting themselves.
    • Bad weather depresses housing starts in February (Reuters)

      A VDOT (Virginia Department of Transportation) snow plow clears snow after a heavy snowstorm in Great Falls, Virginia February 6, 2010. REUTERS/Hyungwon KangReuters - U.S. housing starts fell last month as winter storms disrupted construction, and another drop in building permits suggested the weakness would linger.


    • Housing starts, permits fall in February (Reuters)

      In this Feb. 28, 2010 photo, a realtor's sign proclaims a residential home sale in Sudbury, Mass. Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, March 11, 2010, weeks before a government program that has been keeping rates low is scheduled to expire.(AP Photo/Bill Sikes)Reuters - Housing starts and permits to build new homes both fell in February as winter storms in some parts of the country disrupted home building, a government report showed on Tuesday.


    • Wall Street hits fresh 17-month high after Fed (Reuters)

      Traders work on the floor of the New York Stock Exchange, February 5, 2010. REUTERS/Brendan McDermidReuters - Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.


    • Ahead of the Bell: Housing starts (AP)
      AP - Housing construction, which hit a six-month high in January, likely slipped in February, reflecting in part the major snowstorms that hit many parts of the country. The housing industry in good times is a major generator of jobs and economic growth.
    • The Recovery Is Gaining Momentum, but Government Is in the Way (The Motley Fool)
      The Motley Fool - It's been a long row to hoe since the economy entered the Great Recession. Even though the recovery seems to be under way, there's still a way to go until the economy returns to normal. Take a peek at the latest economic activity: On the plus side, February's retail sales rose by a better-than-expected 0.3%, despite the major snowstorms that blanketed parts of the nation and kept people off the roads. Aeropostale (NYSE: ARO - News), J.Crew (NYSE: JCG - News), and Nordstrom (NYSE: JWN - News) all posted good-looking quarters recently. ...
    • Quinn won't talk about alternative to tax increase (AP)
      AP - Gov. Pat Quinn refused to say Monday whether he has a plan to avoid deep cuts in education if lawmakers resist his call to raise the state income tax.
    • 21 Ways to Cut Expenses in Retirement (U.S. News & World Report)
      U.S. News & World Report - Few Americans are saving enough to finance a retirement that could last 30 years or more. Workers who haven't accumulated enough to maintain their current standard of living have two choices: delay retirement or learn to live on less money. Those willing to put in a little effort to downsize big and small expenses may be able to get by just fine with a smaller retirement stash. Here are some frugal strategies retirees can employ to stretch their nest eggs:
    • Tech's Top Movers (The Motley Fool)
      The Motley Fool - The Nasdaq 100, a tech-heavy index, finished last week up 1.89% to close at 1,924.43. Techs are rallying at a notable time: Wednesday marked the 10-year anniversary of the bursting of the dot-com bubble.
    • Conn. would waive student loans in 'green' jobs (AP)
      AP - Paul Goulet hopes Connecticut will help him get from under nearly $8,000 he's borrowed for college after losing his job in a paper manufacturing plant.
    • Middle-class NYC apartment complex sold at auction (AP)
      AP - The developer of a high profile middle-class Harlem apartment complex has lost ownership of the property after defaulting on the mortgage.
    • Democrats look to resurrect college aid plan (AP)
      AP - Congressional Democrats want a stalled overhaul of college aid programs to get strapped onto a fast-track health care bill, giving both Obama administration priorities a better chance of passage.
    • Borrowers wait for answers on Obama loan plan (AP)
      AP - Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.
    • Obama's proposed student loan overhaul gets boost (Reuters)
      Reuters - President Barack Obama's stalled bid to overhaul the federal student loan program by cutting subsidies to private lenders and increasing aid to students received a boost on Friday.
    • Wells Fargo, Baltimore in talks after mortgage suit (Reuters)
      Reuters - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.
    • "Cash for keys" aids home borrowers, investors (Reuters)

      Real estate signs are seen in the front yards of houses for sale in this file photo taken in Maricopa, Arizona, May 27, 2009. REUTERS/Joshua Lott/FilesReuters - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.