iOS app Android app

Entries by Julie Satow from 05/2009

PhD Economists: 0% Unemployment Rate

Posted 05.01.2009 | Business

Economics has long been called the dismal science. The general economic outlook today is indeed dismal, but that doesn't mean job prospects in the fie...

America's Most Polluted Cities: Try Breathing This!

Posted 05.01.2009 | Business

This time of year, many Americans are concerned with sunburns. In some areas, they should pay more attention to smog. The reason? Though it's often i...

Volcker's 'Great Recession:' Unemployment Will Be Redefined

Posted 05.04.2009 | Business

May 4 (Bloomberg) -- Post-recession America may be saddled with high unemployment even after good times finally return. Hundreds of thousands of jo...

Tax Havens: Obama To Outlaw Tax Rules That Save Companies $190 Billion

Posted 05.04.2009 | Business

May 4 (Bloomberg) -- President Barack Obama will propose today to outlaw three offshore tax-avoidance techniques U.S. companies such as Caterpillar In...

BROOKE ASTOR: Timeline Of Her Breakdown

Posted 05.04.2009 | Business

TO AVENGE the late Brooke Astor, Manhattan prosecutors must first destroy her privacy -- throwing open the attic doors to reveal the most cringe-induc...

College Grads' Money Lessons

Posted 05.04.2009 | Business

It's not easy to master money management during the best times and it's especially hard to navigate the challenges of a recession. Still, many of the ...

Filene's Basement files for Ch. 11 reorganization

Posted 05.04.2009 | Business

WILMINGTON, Del. — Discount retailer Filene's Basement said Monday that it has filed to reorganize under Chapter 11 bankruptcy protection, less ...

Construction Spending, Home Sales Rise

Posted 05.04.2009 | Business

WASHINGTON — Evidence that housing is poised to improve and optimism about the results of banking "stress tests" raised hopes Monday that the re...

Wells Fargo asked to raise money after stress test

Posted 05.04.2009 | Business

WASHINGTON — Regulators have told Wells Fargo & Co. it may need to shore up its finances after government "stress tests" showed the bank would h...

Short Sellers Returns: Selloff Of Bank Stocks In Wake Of Stress Tests

Posted 05.04.2009 | Business

May 4 (Bloomberg) -- Short sellers, the bane of Wall Street executives last year, are back. The number of Citigroup Inc. shares borrowed and sold s...

Creditors Object To Chrysler Deal

Posted 05.04.2009 | Business

NEW YORK (AFP) -- A group of Chrysler creditors objected Monday to the struggling automaker's bid for a quick restructuring, calling it an illegal bid...

Brooke Astor: Charlene Marshall A "Bitch"

Posted 05.04.2009 | Business

Philanthropist Brooke Astor hated her daughter-in-law so much that she told her doctor she would rather spend Christmas with her two dogs over "that b...

Georgia leads the nation in bank failures

Posted 05.04.2009 | Business

GIBSON, Ga. — The banner above FirstCity Bank still reads "Celebrating 100 Years of Service," but the 690 residents of this rural community aren...

Stimulus Could Cause Job Losses In Ohio

Posted 05.04.2009 | Business

The Buckeye Institute used Warren County as the backdrop for a news conference on a new study that concludes the $787 billion federal stimulus bill co...

Stocks surge; S&P 500 turns positive for 2009

Posted 05.04.2009 | Business
Read More: S, Business News

NEW YORK — The Standard & Poor's 500 index is up for the year. And for once, it was the housing market that sent stocks soaring. The S&P 500, c...

Is the recession suffocating American innovation?

Posted 05.04.2009 | Business

WASHINGTON — Got a bright business idea? Take a number. Americans haven't stopped dreaming up newfangled gizmos or sketching engineering marvel...

Goldman Fund Shuns Ratings Agencies With New Strategy

Posted 05.05.2009 | Business

LONDON, May 1 (Reuters) - Goldman Sachs's (GS.N) fund arm is developing a new global credit strategy for institutions that will rely on market prices ...

Charlie Munger: 'Venal Banks Need Reform'

Posted 05.05.2009 | Business

One thing about many quite old people is they have a lot of wisdom and are not afraid to speak their minds. Via this Bloomberg article, we have Berksh...

Bill Gates' First Business Card (SLIDESHOW)

Posted 05.05.2009 | Business

This is Bill Gates' first business card; back then, Microsoft was still headquartered in Albuquerque. The Southwestern theme may remind you of a marke...

Ithaca, N.Y. Benefitting From Recession: Affordable Homes Draw Buyers

Posted 05.05.2009 | Business

Ithaca, a small city in Upstate New York, seems like a bucolic refuge from financial woes. It avoided the housing bubble, and so far, it has been shel...

Bernanke more optimistic, sees growth in 2009

Posted 05.05.2009 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he exp...

SEC chief says new short-selling rules a priority

Posted 05.05.2009 | Business

WASHINGTON — The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting short-selling a pr...

Alaskan Legislators Urge Palin To Reconsider Rejecting Stimulus Funds

Posted 05.05.2009 | Business

Alaska legislators argue Gov. Sarah Palin is overstating the strings attached to federal stimulus money she's planning to reject. But Palin isn't back...

Chrysler Won't Repay Bailout Funds

Posted 05.05.2009 | Business

NEW YORK (CNNMoney.com) -- Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part ...

Chrysler Bankruptcy Lawyers Reap Fees Illegally: Study

Posted 05.06.2009 | Business

May 6 (Bloomberg) -- Bankruptcy lawyers who stand to make as much as $372 million in the reorganization of Chrysler LLC will be doing so illegally, ac...