Money - AOL Money & Finance

PIMCO, the world's biggest bond-fund manager, says the U.S. recession may end this year, but there will be no "traditional postwar recovery." In fact, the company's strategic advisor Richard Clarida said the global economy needs to be prepared for the U.S. "to be the caboose of the global growth train for at least the next five years."

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Jobless Claims Hit New Record High

posted: 6 HOURS 5 MINUTES AGO

filed under: Financial Crisis

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The number of newly laid off workers filing initial claims for jobless benefits fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. But continuing claims unexpectedly jumped to a record-high.
Also: Retail Sales Weak as Job Worries Escalate

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Finances at Forefront of Palin Exit

posted: 3 HOURS 50 MINUTES AGO

Sarah Palin has repeatedly cited the bombardment of ethics complaints against her and the financial burden of defending herself as reasons she abruptly resigned as governor of Alaska. But just how much of a financial burden has been inflicted on the Palins and Alaska?

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Market News

posted: 7 DAYS 5 HOURS AGO

filed under: Investing

Market Update

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DJIA NASDAQ S&P 500 10yr Note

1day

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Citigroup Juggles Top Execs, Keep Pandit

posted: 7 HOURS 11 MINUTES AGO

One week before reporting second quarter earnings, Citigroup announces changes to several top management positions, which CEO Vikram Pandit describes as moves that will "further help in positioning our company for the future."

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Will New GM Have the Right Leadership?

posted: 3 HOURS 9 MINUTES AGO

filed under: Bankruptcies, Financial Crisis

When the "new GM" finally emerges as a leaner and greener company, the company's ability to convince more drivers to buy its cars will be key to its survival. DailyFinance questions whether the company has the right leadership in place to make that happen.
Also: Asset Sale OK'd, GM to Leave Chapter 11 | New GM About Ready to Roll

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Google Chrome a Real Threat to Microsoft

posted: 2 HOURS 21 MINUTES AGO

filed under: Tech News

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The announcement of Google Chrome is an aggressive move by Google to try and cut into Microsoft's dominance in operating systems and software. It's also the second stage of a battle that threatens each company's future. Dailyfinance tells who is the odds on favorite.
Quotes: GOOG | MSFT

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No Madoff Appeal: What's the Point?

posted: 4 HOURS 49 MINUTES AGO

filed under: Madoff

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A lawyer for Bernard Madoff says that the disgraced financier will not appeal the 150-year prison sentence he received for orchestrating a massive fraud. At 71 years old, even a sharply reduced sentence would keep Madoff behind bars for the rest of his life.

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Can Fed Chief Bernanke Keep His Job?

posted: 7 HOURS 44 MINUTES AGO

filed under: Financial Crisis

Despite his handling of the economic crisis, some members of Congress are apparently uneasy about Federal Reserve Chief Ben Bernanke's ability to handle an expanded role of the Fed. Do you think he should be reappointed? Click inside to share your comments.
DailyFinance: Buffett Says Second Stimulus May Be Needed

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