economy

US homebuilder confidence at 5-year-high in August

(AP) – U.S. homebuilders grew more confident in the housing recovery in August, as many reported that prospects for sales are the best they’ve been since the home bubble burst five years ago. The National […]

08/15/2012

Postal Service reports $5.2B loss in 3rd quarter

(AP) – The ailing U.S. Postal Service is reporting quarterly losses of $5.2 billion. From April to June, losses were $2.1 billion more than during the same period in 2011. The mail agency said it […]

08/09/2012

San Bernardino votes to declare bankruptcy

(AP) – The Southern California city of San Bernardino has voted to declare bankruptcy. The City Council in the city of 210,000 people decided to seek Chapter 9 protection Tuesday night, making it the third […]

07/11/2012

US job openings rose in May, good sign for hiring

(AP) – U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring. The Labor Department says job openings rose to a seasonally adjusted 3.6 million, up from […]

07/10/2012

Buffett gives $1.9B to Gates, other charities

(AP) – Billionaire Warren Buffett has handed out $1.9 billion worth of Berkshire Hathaway Inc. stock as part of his plan to gradually give away most of his $44.1 billion fortune. Buffett disclosed his gifts […]

07/09/2012

Obama, Romney say each other's policies have failed before

(AP) – As Mitt Romney sees it, President Barack Obama is pushing economic ideas that have been tried and have failed. But Obama says the same thing about Romney, as each one promises to revive […]

07/06/2012

News Corp. considers split in 2, stock jumps

(AP) – Under pressure to limit contagion from the British phone-hacking scandal, Rupert Murdoch’s News Corp. said Tuesday that it is considering splitting into two publicly traded companies. The move comes as Britain’s communications regulator, […]

06/26/2012

Foreclosure info on Money 101, June 22

Today on Money 101, Bob McCormick spoke about homeowners hit with bank mistakes that led to foreclosures could be due as much as $125,000 dollars. Regulators have released a plan to compensate those borrowers caught […]

06/22/2012

Money 101: Love, Sex and Money Week!

The week of June 25th, Bob McCormick tackles the top 3 topics that are on everyone’s mind: love, sex and money. This rollercoaster economy has reached deep into our personal lives and left literally no aspect […]

06/18/2012

Fed survey finds US growth, hiring mostly steady

(AP) – A Federal Reserve survey finds the U.S. economy grew moderately in most regions of the country this spring and companies kept hiring, a hopeful sign after a spate of gloomy data released last […]

06/06/2012

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