Money / Personal Finance

Seeds for Apple TV in Washington
3 Sep 2010, 3:04 pm

If regulators matter to Apple, it is as a threat to its growth. Except, that is, when it comes to what Steve Jobs likes to call a hobby: Apple TV.

U.K. Fund Manager Pressured to Return Cash
3 Sep 2010, 2:57 pm

UBS and other investors go to court to try to force U.K. fund manager Reade Griffith to speed up the return of their money.

Texas Probes Google's Search Engine
3 Sep 2010, 2:50 pm

Google said the Texas attorney general's office is conducting an antitrust review of the Web giant's core search-engine business, another sign of growing government scrutiny of the company.

Economists Grapple Over Job Creation
3 Sep 2010, 2:30 pm

Washington's response to the country's stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over its causes.

Gates Sketches Afghan Combat Timeline
3 Sep 2010, 2:17 pm

Defense Secretary Robert Gates said he envisions two or three more years of combat operations in Afghanistan before the U.S. transitions to an advisory role, a mission likely to last years more.

Goldman to Shut Principal Strategies Unit
3 Sep 2010, 1:49 pm

Goldman Sachs has decided to close its principal-strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress.

T-Mobile USA in Talks to Carry Huawei Phone
3 Sep 2010, 12:56 pm

T-Mobile USA is in talks to distribute Huawei Technologies's new Google-powered smartphone this holiday season. The Ideos phone could be priced under $100 in the U.S.

UPS Cargo Plane Crashes in Dubai
3 Sep 2010, 12:40 pm

A United Parcel Service Inc.-operated cargo plane, with two crew members aboard, crashed Friday evening on takeoff in Dubai, according to an initial statement from the company. UPS didn't confirm any casualties.

Youth Runs Wild Again in Flushing
3 Sep 2010, 12:32 pm

Another unheralded American 18-year-old, Ryan Harrison, is turning heads at the U.S. Open.

Pechter Bids for Value Line Funds
3 Sep 2010, 12:01 pm

Richard Pechter, a director of Finra and NYSE's regulatory arm, said this week that he made an offer for Value Line's troubled mutual-fund business.

Probe Begins Into Mariner Platform Fire
3 Sep 2010, 11:24 am

The federal government started an investigation into Thursday's fire at Mariner Energy's offshore platform in the Gulf of Mexico.

Campbell's Soup Sales Slip
3 Sep 2010, 10:53 am

Campbell Soup quarterly profit rose 64% as the company cut costs, but its U.S. soup sales continued to decline despite efforts to attract consumers with more promotions.

BP Provides Lessons Learned From Spill
3 Sep 2010, 10:42 am

BP disclosed various lessons and capabilities built from trouble-shooting the big oil spill in the U.S. Gulf of Mexico.

Sirius XM Has a Stern Decision to Make (The Motley Fool)
3 Sep 2010, 9:43 am

The Motley Fool - Satellite-radio star Howard Stern is negotiating in public again.

Petrobras Seeks $64 Billion From Sale
3 Sep 2010, 9:04 am

Brazil's state-run energy company Petrobras launched the world's largest-ever sale of shares to finance a $224 million, five-year investment program.

Jobs Report Boosts Riskier Markets
3 Sep 2010, 7:27 am

Stocks and other growth-sensitive markets, including the euro, got the best news they've had for some time with Friday's better-than-expected U.S. payrolls report for August.

Blasts Target Muslim Minorities in Pakistan
3 Sep 2010, 7:27 am

An attack on a Shiite rally killed at least 43 people in southwestern Pakistan, while a suicide bomber targeted a minority Sunni mosque in Peshawar.

Futures Jump on Jobs Data
3 Sep 2010, 6:53 am

U.S. stock futures jumped after job losses slowed more than expected last month, though the unemployment rate edged up.

U.S. Employers Cut 54,000 Jobs
3 Sep 2010, 6:45 am

U.S. payrolls fell by 54,000 in August, less than economists had expected. Private-sector companies added 67,000 jobs. The unemployment rate rose to 9.6%.

Officials Move to Tame Asian Currencies
3 Sep 2010, 6:27 am

Singapore intervened in the foreign-exchange market and Korea resumed its intervention after a two-week break, while Japan has signaled it is weighing entering the market for the first time in six years.

IEA Predicts Greater Reliance on OPEC Oil
3 Sep 2010, 5:05 am

The global dependency on the members of the Organization of Petroleum Exporting Countries for oil will rise as production by non-OPEC nations falls.

Don't Look to Jobless Rate for Fed Hints
3 Sep 2010, 4:42 am

Investors are counting on the August unemployment rate to send a clear signal about the prospect for more Fed policy easing. But they may only hear static.

Andean Subject of Bidding War
3 Sep 2010, 3:06 am

One of the world's most prospective gold companies, Andean Resources of Australia, has become the subject of a bidding war between two Canadian companies.

East Coast Braces for Hurricane Earl
3 Sep 2010, 1:58 am

Vacationers hustled out of coastal North Carolina ahead of Hurricane Earl, while forecasters predicted the gradually weakening storm would travel next to southern New England.

BP: Cost of Spill Hits $8 Billion
3 Sep 2010, 1:48 am

BP said it has spent around $8 billion in response to the massive oil spill in the Gulf of Mexico and expects to resume its relief-well drilling shortly.

Toshiba to Launch New Tablet Computer
3 Sep 2010, 12:36 am

Toshiba said that it will release by year-end a tablet computer that runs on Google's Android operating system as the company aims to compete with Apple's iPad.

Roche Launches Cost-Costing Plan
3 Sep 2010, 12:17 am

Roche said it has launched a cost-cutting and efficiency plan in the wake of increased price pressures and a series of drug-development setbacks.

TPG Sells Ping An Stake For $1.16 Billion
3 Sep 2010, 12:03 am

Private-equity firm TPG Inc. has sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia.

Techs Lead in Tokyo, Seoul
2 Sep 2010, 8:19 pm

Asian stock markets were modestly higher Friday with technology plays leading markets in Tokyo and Seoul. The Nikkei rose 0.6%.

GOP Works to Woo Voters
2 Sep 2010, 8:00 pm

House Republicans are hunting for an election-season middle ground on which they can make promises to voters without providing enough details to be attacked by Democrats.

5 Reasons You Should Buy Your Latte (U.S. News & World Report)
2 Sep 2010, 10:51 am

U.S. News & World Report - The Latte Factor, a term coined (and trademarked) by personal finance guru David Bach, is one of the most talked about concepts in the world of personal finance. But it might be based on faulty math.

The Next 4 Dot-Com Buyouts (The Motley Fool)
2 Sep 2010, 10:29 am

The Motley Fool - Shares of Salary.com (Nasdaq: SLRY - News) -- a small provider of human resources applications on the cloud -- soared 43% yesterday, after agreeing to be acquired by larger rival Kenexa (Nasdaq: KNXA - News).

Mortgage rates hit another record low: Freddie Mac (Reuters)
2 Sep 2010, 8:04 am

Reuters - U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.

5 Ways to Simplify Your Personal Finances (U.S. News & World Report)
1 Sep 2010, 10:42 am

U.S. News & World Report - If you're combining your life with a new spouse, moving from one house to another, or just frustrated with the amount of documentation you have filed (or unfiled) in your basement, it's a good time to simplify your finances. Simplification is not only practical, it is beautiful. This is the concept of kanso, a Japanese aesthetic usually applied to gardens. Through a stretch of the mind, we can apply this beauty to our lives and our finances.

Go West, Value Investors! (The Motley Fool)
1 Sep 2010, 9:26 am

The Motley Fool - When Berkshire Hathaway (NYSE: BRK-A - News) was buying railroad company Burlington Northern last December, Warren Buffett told Matt Rose: "I've seen what's been done here [in the U.S.]. I think I know how the country is going to develop. I think the West is going to do well. I'd rather be in the West than the East. So I really don't have much of a worry about that."

The True Risk of Bond ETFs (The Motley Fool)
1 Sep 2010, 8:14 am

The Motley Fool - In coming up with ways to protect their portfolios, many investors draw on lessons learned from their most recent mistakes. Unfortunately, most people right now are taking the lessons they learned from the 2008 bear market and buying bonds, which could easily prove to be far riskier than they thought.

Rep. Ron Paul: Financial Reform Solved Nothing (The Motley Fool)
31 Aug 2010, 1:48 pm

The Motley Fool - "The American people will never again be asked to foot the bill for Wall Street's mistakes. There will be no more taxpayer-funded bailouts. Period."

Summary Box: AIG's sale of Taiwan unit on rocks (AP)
31 Aug 2010, 11:46 am

AP - NO WAY: Taiwanese regulators have rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit.

Taiwan rejects Primus purchase of AIG unit (AP)
31 Aug 2010, 5:12 am

AP - Taiwanese regulators on Tuesday rejected Primus Financial Holdings' planned purchase of AIG's Taiwan life insurance unit amid concerns that the Cayman Island-based firm may be backed by funds from rival China.

Dead soldiers' parents sue insurer over benefits (AP)
30 Aug 2010, 12:40 pm

AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.

Forget Treasuries. Buy Convertibles Instead. (The Motley Fool)
30 Aug 2010, 11:41 am

The Motley Fool - The recent pullback in the stock market has many investors running for cover. Meanwhile, fear of an imminent double-dip recession and concerns about renewed pressure in the housing market has pushed bond prices to historic highs, reducing bond yields and creating an income crunch for savers. Throughout 2010, billions of dollars have gone into bond mutual funds, and the trend shows no sign of reversing anytime soon.

Business events scheduled for the coming week (AP)
27 Aug 2010, 12:01 pm

AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.

Business events scheduled for the coming month (AP)
27 Aug 2010, 12:01 pm

AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.

Warren Buffett Kills the World's Greatest Investment Meeting (The Motley Fool)
27 Aug 2010, 8:15 am

The Motley Fool - For years, Charlie Munger, Berkshire Hathaway's (NYSE: BRK-A - News; NYSE: BRK-B - News) octogenarian co-chairman, has said that Berkshire would one day buy the remaining 20% of Wesco Financial (NYSE: WSC - News) it didn't already own.

AIG decides against strategic investor for AIA: source (Reuters)
27 Aug 2010, 4:40 am

Reuters - American International Group Inc has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday.

Citi-backed personal finance site adds tools (Reuters)
26 Aug 2010, 4:51 pm

Reuters - Bundle.com, an online personal finance site that counts Citigroup Inc among its backers, is unveiling new features to compete in a growing market for Internet banking and budgeting advice, its chief executive said on Thursday.

Summary Box: Underwater mortgages in US fell in 2Q (AP)
26 Aug 2010, 4:27 pm

AP - SLIGHT DECLINE: Real estate data provider CoreLogic says the number of U.S. homes with mortgages that exceed what the properties are worth fell slightly between the second quarter and the first three months of this year. It's the second consecutive quarterly decline.

Summary Box: 1 in 10 in mortgage trouble (AP)
26 Aug 2010, 4:25 pm

AP - MORTGAGE DEFAULTS HIGH: One in 10 American households with a mortgage was at risk of foreclosure this summer, and the crisis could worsen if jobs remain scarce.

Summary Box: Mortgage rates hit low of 4.36 pct. (AP)
26 Aug 2010, 4:03 pm

AP - RATES DIP: The average rate for a 30-year fixed loan fell this week to 4.36 percent, mortgage buyer Freddie Mac said. That's the lowest level since the mortgage buyer began tracking rates in 1971.