Archive for November 20th, 2009

$4.8 trillion – Interest on U.S. debt

Friday, November 20th, 2009

By Jeanne Sahadi, CNNMoney.com senior writerLast Updated: November 19, 2009: 1:05 PM ET #galleryWidget ul {list-style-type: none; margin: 0px; padding: 0px;}#galleryWidget li {background: url(http://i.cdn.turner.com/money/.element/img/2.0/buttons/bullet-black.gif) no-repeat 0px 12px; line-height: 12px; padding: 5px 0px 0px 8px;} Bailout tracker ...

AOL to cut one-third of workforce

Friday, November 20th, 2009

By David Goldman, CNNMoney.com staff writerNovember 19, 2009: 11:02 AM ET AOL Chief Executive Tim Armstrong told staff he will not take a bonus for 2009 after the company announced it will lay off 2,300 workers. NEW YORK (CNNMoney.com) -- AOL ...

Has the bailout worked?

Friday, November 20th, 2009

By Jennifer Liberto, CNNMoney.com senior writerNovember 19, 2009: 5:18 PM ET WASHINGTON (CNNMoney.com) -- As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is helping the economy.Treasury ...

Mortgage loans: Record number are late

Friday, November 20th, 2009

By Les Christie, CNNMoney.com staff writerLast Updated: November 19, 2009: 12:38 PM ET Housing: Best recovery betsThe average home price is forecast to plummet over the next two years. But these 7 cities are predicted to post gains.View photosForeclosure plague: It's spreadingLas Vegas always wins the title for ...

Coming soon: Mini Cooper by Rolls-Royce

Friday, November 20th, 2009

by Peter Valdes-Dapena, CNNMoney.com senior writerLast Updated: November 19, 2009: 3:38 PM ET The body of the special edition Rolls-Royce Mini will be the same as on this 2010 Mini Cooper, but features, trim and paint will be special. 6 most efficient cars and ...

Jobless claims hold at 10-month low

Friday, November 20th, 2009

By Julianne Pepitone, CNNMoney.com staff reporterLast Updated: November 19, 2009: 9:45 AM ET Unemployed -- without a lifelineIn July, CNNMoney.com told the stories of 4 out-of-work Americans who had just lost their unemployment benefits. Here's where they are today.View photosHow one worker survived Wall Street's downfallThe key to ...

The Masters of the Universe are back

Friday, November 20th, 2009

By Paul R. La Monica, CNNMoney.com editor at largeLast Updated: November 19, 2009: 1:12 PM ET .moreSummaryList {margin:10px 0px 0px 0px;background: url(http://i.cdn.turner.com/money/.element/img/2.0/buttons/circle_arrow.gif) no-repeat left;padding-left:15px;vertical-align:top;text-align:left;}THE RESCUEIs TARP bailout helping the economy?You don't have to be a millionaire to buy a house$4.8 trillion - Interest ...

JPMorgan takes control of Cazenove

Friday, November 20th, 2009

November 19, 2009: 4:27 AM ET LONDON (Reuters) -- JPMorgan Chase & Co is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK brokerage at $3.4 billion.J.P. Morgan Cazenove will become ...

Oil sinks on dollar, demand

Friday, November 20th, 2009

Last Updated: November 19, 2009: 3:31 PM ET NEW YORK?Reuters) -- U.S. crude futures fell more than 2% Thursday as a stronger dollar weighed and weaker equities raised concern about the economy and a potential rebound in energy demand.U.S. crude prices for December delivery fell ...

Ben Stein: 4 lessons from the recession

Friday, November 20th, 2009

By Ben Stein, contributorLast Updated: November 19, 2009: 9:52 AM ET Ben Stein Are things really getting better?Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse.See galleryWhen Wall Street ...