Ten U.S. banks will finish repaying about $68 billion in bailout money Wednesday. The AP's James Limbach reports. (June 16)
Money Minute: Home Sales, Credit Cards, Oil
Posted by Mike at 1:48 AM
BusinessMoney Minute: Home Sales, Credit Cards, OilMoney Minute: Home Sales, Credit Cards, OilThe Associated PressThe National Association of Realtors says pending home sales fell 4.7 percent in May or 14 percent from a year ago. The AP's Mark Hamrick reports on that and the rest of Tuesday's top business headlines. (July 8)AP Money MinuteThe National Association of Realtors says pending home sales fell 4.7 percent in May or 14 percent from a year ago.The group's seasonally adjusted index came in at 84.7 from an revised April reading of 88.9. The index, which sunk to a record low of 83 in March, stood at 98.5 in May 2007. ---------------------------Oil tumbled for a second day this week, falling fell $5.75 to $135.62 a barrel on the New York Mercantile Exchange. Oil dropped nearly $4 a barrel a day earlier. The retreat in crude oil also arrives amid escalating worries about deteriorating lending conditions and the still-slumping housing market.---------------------------Consum ers are spending more, but they're using plastic to do so. The Federal Reserve reported that consumer credit increased at an annual rate of 3.6 percent in May. Use of revolving credit, which is primarily credit cards, rose at a 7.1 percent pace for the month. The rise pushed total consumer debt up by $7.8 billion to $2.57 trillion. I'm Mark Hamrick with AP Money Minute ___ ___, The Associated Press.(****END****)
Posted in cards, Credit, home, minute:, newsbriefs, oil, sales |
Money Minute: Oracle; GM, AIG
Posted by Mike at 2:47 AM
Oracle has snapped up Sun Microsystems for $7.4 billion, trumping IBM's attempt to buy one of Silicon Valley's best known _ and most troubled _ companies. The AP's Mark Hamrick reports. (April 20)
Posted in AIG, gm, minute, newsbriefs, oracle; |
Money Minute: Jobs, Bankruptcy, Foreclosures
Posted by Mike at 2:46 AM
The number of people applying for first-time unemployment benefits dropped to 610,000 last week. The AP's Mark Hamrick reports. (April 16)
Posted in bankruptcy, foreclosures, jobs, minute, newsbriefs |
Money Minute: Gas Is Up but Candy Is Dandy
Posted by Mike at 2:46 AM
BusinessMoney Minute: Gas Is Up but Candy Is DandyMoney Minute: Gas Is Up but Candy Is DandyThe Associated PressAnalysts at The Nielsen Co. are calling the candy business "recession-proof." AP's Mark Hamrick reports on that and the rest of Monday's top business headlines. (June 23)AP Money MinuteAs bad as the economy may be, it isn't hurting Amercan's sweet tooth. Analysts at The Nielsen Co. are calling the candy business "recession-proof." They note that consumers are cutting back on longer-distance shopping trips to save gas. As a result, they're spending more at drug and convenience stores with big, easy-access candy sections. Then there's the "feel good" factor. Neilsen's vice president says a dollar candy bar is a treat when spending nearly $100 for a tank of gas.----------------And in case you've lost track, those numbers at the pump are about 10 cents higher than two weeks ago. According to the Lundberg Survey, the average price of self-serve regular was $4.10 a gallon on Friday. Mid-grade was $4.22 and premium went for $4.33. The cheapest gas - $3.76 a gallon - was in Tulsa, Oklahoma. Los Angeles and Fresno, California tied for the nation's highest at $4.59 a gallon for regular.-----------------Sports fans will be able to catch up on the Beijing Olympics during their commute this summer. That's the idea behind the NBC Olympics on the Go service. Fans can select which sports they're interested in while connected to the Web, and the program automatically downloads the coverage once it's available. While users can watch the events without being online, they must have Microsoft Windows Vista in order to use the service. I'm Mark Hamrick with AP Money Minute
Money Minute: Citigroup, Debt, Free Lunch
Posted by Mike at 2:46 AM
Citigroup and UBS AG will buy back close to $30 billion in risky auction-rate securities that regulators said the banks marketed as safe. The AP's Mark Hamrick reports. (Dec. 11)
Posted in citigroup, debt, free, lunch, minute, newsbriefs |
Money Minute: Chrysler, Citigroup, Factories
Posted by Mike at 2:46 AM
Citigroup has nominated four new independent directors to its board. The AP's Mark Hamrick reports. (March 16)
Posted in chrysler, citigroup, factories, minute, newsbriefs |
Money Minute: Banks, GM, Gas Tax
Posted by Mike at 2:46 AM
The government says Citigroup and Bank of America will need to raise more capital, in order to survive a steeper economic downturn. The AP's Mark Hamrick reports. (April 28)
Money Minute: Bailout Funds, Ford, Oil
Posted by Mike at 2:46 AM
Neel Kashkari, a former Goldman Sachs executive has been named interim head of the government's $700 billion rescue effort for financial institutions. The AP's Mark Hamrick reports. (Oct. 6)
Money Minute: Bernanke, Gas, Gates
Posted by Mike at 2:46 AM
Federal Reserve Chairman Ben Bernanke says there's been "tentative signs" that the recession may be easing. The AP's Mark Hamrick reports. (April 14)
Posted in bernanke, gas, gates, minute, newsbriefs |
Money Minute: GM, Banks, NYT
Posted by Mike at 1:07 AM
Taxpayers invested another $2 billion in General Motors this week as the struggling auto giant continued efforts to restructure and avoid bankruptcy court. The AP's Mark Hamrick reports. (April 24)
Posted in Banks, gm, minute, newsbriefs, nyt |
Money Minute: John Thain, UAW, Oil
Posted by Mike at 12:34 AM
The New York attorney general has moved to force former Merrill Lynch CEO John Thain to disclose details about bonuses paid to Merrill employees. The AP's Mark Hamrick reports. (Feb. 23)
Money Minute: TARP, Retail, Madoff
Posted by Mike at 5:47 AM
The government paid $78 billion more than it should have for stocks and other assets bought through the Troubled Assets Relief Program The AP's Mark Hamrick reports. (Feb. 5)
Posted in madoff, minute, newsbriefs, retail, TARP |
Money Minute: KB Toys, Lehman, Taxes
Posted by Mike at 5:27 AM
KB Toys, the nation's largest mall-based toy retailer has filed for Chapter 11 bankruptcy protection. The AP's Mark Hamrick reports. (Dec. 12)