December 18th, 2008 at 06:59am Under Uncategorized
Lower prices are probably at the bottom of the list of most Americans’ current economic worries. But for a growing number of economists, it’s their biggest fear.
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December 18th, 2008 at 06:59am Under Uncategorized
President-elect Barack Obama is set to name a veteran financial regulator to head the Securities and Exchange Commission, two Democratic officials told CNN on Wednesday.
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December 18th, 2008 at 06:59am Under Uncategorized
Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month.
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December 18th, 2008 at 06:59am Under Uncategorized
The Organization of Petroleum Exporting Countries, in a bold but not unexpected move to prop up falling oil prices, said Wednesday that it would cut production by 2.2 million barrels a day starting next month. The cut is the largest ever announced by OPEC.
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December 18th, 2008 at 06:59am Under Uncategorized
The lead government regulator charged with protecting investors vowed Wednesday to get to the bottom of why allegations over a decade’s time about alleged fraudster Bernard Madoff were not fully explored.
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December 18th, 2008 at 06:59am Under Uncategorized
The three-person auditing firm that apparently certified the books of Bernard Madoff Investment Securities, the shuttered home of an alleged multibillion-dollar Ponzi scheme, is drawing new scrutiny. Already under investigation by local prosecutors for its potential role in the scandal, the firm, Friehling & Horowitz, is now also being investigated by the American Institute of Certified Public Accountants, the prestigious body that sets U.S. auditing standards for private companies. The problem: The auditing firm has been telling the AICPA for 15 years that it doesn’t conduct audits.
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December 18th, 2008 at 06:59am Under Uncategorized
Stocks ended lower Wednesday as investors tried to shrug off a bigger-than-expected loss from investment bank Morgan Stanley, but an afternoon rally failed to hold traction.
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December 18th, 2008 at 06:59am Under Uncategorized
Job hopping, a widely accepted way to get ahead, has gone by the wayside as workers fear making moves will make them more vulnerable to layoffs.
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December 18th, 2008 at 06:59am Under Uncategorized
Despite the recent rout in oil prices, the government expects crude to shoot back up over the long-term. That is expected to result in a drastic drop in oil imports and a greater use of renewable energy.
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December 18th, 2008 at 06:59am Under Uncategorized
Federal Reserve Chairman Ben Bernanke may eventually be hailed as an economic Santa Claus if the Fed’s dramatic rate cut helps bring an end to this recession.
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