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Top Money Stories

Gustav Could Test Gulf Oil Industry

Petroleum companies in the Gulf of Mexico have invested many millions into repairing damage from 2005 hurricanes Katrina and Rita, which destroyed 115 of the region's 4,000 oil and gas platforms and damaged more than 50 others. If Gustav hits the Gulf next week, the storm could be the industry's first real test of its upgrades.
Also See: Gas Prices Up for First Time in 6 Weeks
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Market Update

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Integrity of Georgia Is 10th Bank to Fail

In what has unfortunately become a Friday evening habit, the Federal Deposit Insurance Corp. takes over another failed bank. Integrity Bank of Alpharetta, Ga., is the 10th bank to be shut down by the FDIC this year.
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Alabama County Near Record Bankruptcy

Alabama's governor negotiates with creditors seeking $3.2 billion from the state's largest county, hoping to avoid the largest municipal bankruptcy filing in U.S. history.
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Starbucks Rehires Fired Pro-Union Barista

Starbucks coffee
AP
Starbucks reverses the firing of a Minnesota barista who says he was fired in violation of labor laws because he tried to unionize his coffee shop co-workers.
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Troubled Alitalia Files for Bankruptcy

Hurt by soaring fuel prices, labor unrest and increasing competition from discount carriers, Italy's national Alitalia airline declares insolvency and files for bankruptcy protection, with plans to restructure.
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GM Recalls Nearly 950,000 Vehicles

windshield wipers
AP
General Motors recalls close to 1 million vehicles manufactured in the last three years to repair a heated windshield wiper system that could cause a short circuit. Quote: GM
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