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Financial Crisis

Happy National Boss Day Steve Jobs

posted: 22 DAYS 6 HOURS AGO

filed under: Financial Crisis

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It's National Boss Day and to celebrate it, DailyFinance honors three company bosses who actually earned their pay and position by guiding their companies through the financial crisis.

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BofA Struggles With Loan Losses

posted: 22 DAYS 11 HOURS AGO

filed under: Earnings, Financial Crisis

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Bank of America Corp. says it lost more than $2 billion in the third quarter as its loan losses continued to rise.
Also: Outgoing CEO Gets No 2009 Salary, Bonus

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New Jobless Claims Hit 514,000

posted: 23 DAYS 10 HOURS AGOcomments: 0

filed under: Financial Crisis

The number of newly laid-off U.S. workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.

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US Inflation Up Modestly in September

posted: 23 DAYS 10 HOURS AGOcomments: 0

U.S. inflation pressures remained modest in September even though gasoline prices edged higher. The Labor Department said Thursday that consumer prices rose 0.2 percent last month, matching economists' expectations. Prices excluding energy and food were also up 0.2 percent, slightly higher than the 0.1 percent increase analysts had forecast.

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Citi Profit Report Disappoints Investors

posted: 23 DAYS 7 HOURS AGO

filed under: Earnings, Financial Crisis

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Citigroup has provided a sobering reminder that the economy is still struggling, saying its third quarter results were weighed down by billions of dollars in failed loans. Quote: C

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Goldman Sachs Tops Profit Estimates

posted: 23 DAYS 10 HOURS AGO

filed under: Earnings, Financial Crisis

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Goldman Sachs is the latest big bank to top Wall Street estimates, as it gets a boost from bond trading profits. CEO Lloyd Blankfein says "although the world continues to face serious economic challenges, we are seeing improving conditions and evidence of stabilization, even growth, across a number of sectors."
Quote: GS
More Earnings: Citi Earnings Disappoint
DailyFinance: JPMorgan Proves Wall Street Titans Still Rule

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Social Security Payments to Stay Flat

posted: 23 DAYS 12 HOURS AGO

filed under: Financial Crisis, Retirement

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Cassandra Hubbart, AOL

The Social Security Administration has some tough news for seniors. In 2010, there will be no cost of living increase for Social Security recipients, the first year without one since automatic adjustments were adopted in 1975.

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Worst Quarter on Record for Foreclosures

posted: 23 DAYS 10 HOURS AGO

filed under: Financial Crisis

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The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as rising unemployment causes more homeowners to fall behind on their mortgages. RealtyTrac spokesman Rick Sharga says it was the "worst three months of all time."

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