Archive for July 1st, 2009
Business owners cut to the bone
To stay open. That’s the goal of business owners across the country as they continue to lay off employees, cut benefits and pull back on retirement contributions. These cost-cutting strategies are likely to stay in place for months to come, according to several recent reports.
Credit card craziness
Last I checked, the economy’s still in recession, unemployment is rising, and consumers are having trouble paying their bills. But you wouldn’t know this from looking at what’s going on in the credit card world lately.
Graduate to lower student loan costs
Today the government will begin offering a repayment plan that lets graduates reduce their monthly student loan payments based on their income. It’s called the income based repayment plan and it’s available to borrowers who took out federal loans or used a federal consolidation loan to combine their debt.
GM bankruptcy wrangling in 2nd day
General Motors returned to bankruptcy court Wednesday seeking approval of its plan to restructure and create a “new GM.”
Treasury prices mixed
Prices for long-term Treasury bonds fell Wednesday after economic reports on manufacturing and housing gave investors reason to seek higher returns in the stock market.
SEC: Investors need transparency on exec pay
Read full story for latest details.
Madoff investors get $231 million so far
Read full story for latest details.
Tax hikes and budget woes: States crunched
It’s not a happy new year for the states.
New Orleans: Fastest growing city in the U.S.
The Big Easy is making a big comeback. New Orleans has steadily won back some of the population it lost in the wake of Hurricane Katrina in 2005, according to a government report released Wednesday.
Manufacturing index up for 6th straight month
Manufacturing sector activity rose in June for the sixth straight month, but the index reading still indicates a contraction, a purchasing managers’ group said Wednesday.
