Archive for June 11th, 2009
Microsoft in $100 million anti-trust settlement with Mississippi
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Gas prices menace battered economy
Gas prices are creeping towards $3 a gallon and consumers are getting squeezed. That has many analysts worried that another painful summer driving season will stifle an economic recovery.
Stocks end up, but off their peaks
Stocks ended modestly higher Thursday, with all three major gauges closing at multi-month highs after the day’s economic reports fed hopes that a recovery is brewing.
Investors bet on Detroit housing market
As Detroit home prices in Detroit crash, sales are heating up. But with all of the plant closings and layoffs, who’s buying? Investors — some of whom are snapping up five and 10 houses at a time.
10-year yield at 4% snarls recovery
The 10-year Treasury yield soared to 4% for the second day in a row Thursday - before backing off later in the session — heightening inflation fears and threatening to upset the nascent signs of an economic recovery.
Senate bill gives FDA tobacco oversight
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Ally Bank bows to FDIC and cuts rates
Ally Bank, the lending arm of struggling auto financier GMAC, has cut the rates it offers depositors after a friendly chat with regulators.
Americans’ wealth drops $1.3 trillion
Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009, as the stock market and home values continued to decline, according to a government report released Thursday.
Mortgage rates climb
Home mortgage rates jumped in the most recent week, pulled higher by skyrocketing Treasury yields.
GM strikes preliminary deal to sell Saab
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