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How Will Colleges Survive? Schools Suffering In Crisis

Huffington Post | Posted 05.25.2011 | Business

Harvard recently reported that the value of its endowment has dropped $8 billion between the end of June through October of this year. This news is es...

How Will Colleges Survive? Schools Suffering In Crisis As Endowments Wither

Huffington Post | Posted 05.25.2011 | Business

Harvard recently reported that the value of its endowment dropped $8 billion between the end of June and October of this year. At the same time, a rec...

Holiday Shopping Season Starts Softly: "The Consumer Wants Bigger Deals"

AP | MAE ANDERSON | Posted 05.25.2011 | Business

NEW YORK — Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyb...

Staff Members Get Surprise Five-Figure Bonus Checks

Gimundo | Posted 05.25.2011 | Business

In this difficult economic climate, it's tough to know if you'll still have a job at the end of the year, let alone a generous Christmas bonus. But re...

When The Holidays Aren't So Happy

Dr. Cara Barker | Posted 11.17.2011 | Healthy Living
Dr. Cara Barker

Enter, stage left, the holidays. I say, 'stage left,' because the past months have been so dense, so complicated, and so alarming on global, as well ...

The New Bernanke-Bair-Paulson Insurance Company

Economix | Uwe E. Reinhardt | Posted 05.25.2011 | Business

After first trying in vain to become toxic-asset managers and, next, non-voting equity investors in shaky banks, the peripatetic trio composed of the ...

Holiday Season May Already Be Over For Frantic Retailers

AP | ANNE D'INNOCENZIO | Posted 05.25.2011 | Business

NEW YORK — The holiday shopping season begins Friday with a blitz of early morning specials. For some merchants, though, it's practically over a...

New jobless claims drop from 16-year high

AP | CHRISTOPHER S. RUGABER | Posted 05.25.2011 | Business

WASHINGTON — New jobless claims fell more than expected last week from a 16-year high, the government said Wednesday, though they remain at elev...

Son of a Gambler's Guide to Holiday Books

Don McNay | Posted 05.25.2011 | Business
Don McNay

It's a lesson to me, the ablers and the beggars and the thieves -The Grateful Dead If you read my book, Son of a Son of a Gambler, you'll know that...

Black Friday Deals Could Lure Shoppers Back Online

Huffington Post | Posted 05.25.2011 | Business

In a year with plunging consumer confidence and investments gone sour, it's hard to know what to expect of Black Friday -- the day after Thanksgiving ...

Stock market doesn't flinch despite economic data

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Bad news was no news to the battered American economy Tuesday. The government released a triple dose of discouraging data: The eco...

Thanksgiving and People On The Wrong Side Of The Economic Table

Don McNay | Posted 05.25.2011 | Business
Don McNay

When I passed the stockbroker's test many years ago, I called my father and asked, "Why is futures trading legal but betting on the Bengals illegal?" There is no logical answer.

The Real Information is Behind the Headlines

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

Lots of lenders all over the world are debating whether the commercial real estate market is going to plunge like the residential market did.

Holiday Shopping Price Wars Move Online

New York Times | CLAIRE CAIN MILLER and BRAD STONE | Posted 05.25.2011 | Business

SAN FRANCISCO -- As deserted malls and department stores struggle to court cash-short consumers with steep discounts this holiday season, a similar an...

Study: Millenials Want To Do Banking Over Instant Message

Ars Technica | Posted 05.25.2011 | Business

By now, it comes as no surprise that young people have different preferences for how they use technology than the older folks in the crowd. But the te...

Will The Safety Net Catch The Economy's Casualties?

New York Times | STEVEN GREENHOUSE | Posted 05.25.2011 | Business

Economists rarely agree on anything, but a great many do agree on one unfortunate matter these days: the current economic downturn is likely to develo...

Consumer Spending Crumbles In Lame Economy

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policym...

Bush Picks Federal Prosecutor To Oversee Bailout

AP | DEB RIECHMANN and DAVID B. CARUSO | Posted 05.25.2011 | Business

WASHINGTON — The young prosecutor tapped to monitor the $700 billion financial rescue plan has brought down Colombian drug traffickers, gone aft...

FDIC Says Its New Plan Could Save 1.5M Homes

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 bi...

Phoenix, Philadelphia, Atlanta Mayors Want Share Of The Bailout

AP | CHRIS SUNDHEIM | Posted 05.25.2011 | Business

Mayors of three cities hit hardest by the economic crisis _ Philadelphia, Atlanta and Phoenix _ asked the federal government Friday for a piece of the...

"Is Kashkari A Chump?" (VIDEO)

CNBC, AP | Posted 05.25.2011 | Business

Assistant Secretary of Treasury Neel Kashkari, the man in charge of the bailout, went to Washington, DC, today to testify in Congress. They didn't exa...

Wall Street ends turbulent week sharply lower

AP | JOE BEL BRUNO and SARA LEPRO | Posted 05.25.2011 | Business

NEW YORK — Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plun...

Wal-Mart's Low Prices Mean Big Profits In Crisis

AP | ANNE D'INNOCENZIO | Posted 05.25.2011 | Home

NEW YORK — Wal-Mart officials sounded an upbeat tone for the holidays as the retailer posted a 10 percent increase in third-quarter profits on T...

UBS Executive Indicted In U.S. Inquiry

New York Times | LYNNLEY BROWNING | Posted 05.25.2011 | Business

A senior Swiss executive at the banking giant UBS has been indicted in an investigation of the bank and its offshore private banking services for weal...

Bush Speaks On The Financial Crisis

AP | BEN FELLER | Posted 05.25.2011 | Home

NEW YORK — President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world's financial chaos, not the ...