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Rogue Trader Causes Oil Price Spike

timcatts09 — Fri, 03 Jul 2009 11:33:04 GMT

Rogue Trader Causes Oil Price Spike

posted: 15 HOURS 58 MINUTES AGOcomments: 0

filed under: Crude Oil Prices

Unauthorized trades by an employee of the world's biggest oil brokerage push crude to its highest prices of the year and cause the firm $10 million in losses. Authorities say they'll investigate.

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Regulators Seize 7 More Failed Banks

timcatts09 — Fri, 03 Jul 2009 11:16:01 GMT

Regulators Seize 7 More Failed Banks

posted: 16 HOURS 15 MINUTES AGOcomments: 0

Authorities close six banks in Illinois, all controlled by the same family, as losses on risky investments mounted. A seventh bank, located in Texas, was also seized, bringing this year's tally of failed banks to 52.

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Market News

matthewscott09 — Thu, 02 Jul 2009 20:24:08 GMT

Investing Thu, 02 Jul 2009 20:24:08 GMT 71293 matthewscott09 2009-07-02T20:24:08Z

Market News

posted: 1 DAY 7 HOURS AGO

filed under: Investing

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Market Update

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DJIA NASDAQ S&P 500 10yr Note

1day

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Paychecks Shrink as Economy Slumps

timcatts09 — Fri, 03 Jul 2009 10:43:00 GMT

Paychecks Shrink as Economy Slumps

posted: 16 HOURS 48 MINUTES AGOcomments: 13

filed under: Financial Crisis

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Unemployment is rising, but that doesn't mean workers lucky enough to still have a job are in the clear. That's because the slumping economy is forcing wages lower, taking a bite out of their paychecks.
From DailyFinance: Unemployment Rate Hits 9.5 Percent

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Online Tax Fight Snares Entrepreneurs

timcatts09 — Fri, 03 Jul 2009 10:48:15 GMT

Online Tax Fight Snares Entrepreneurs

posted: 16 HOURS 43 MINUTES AGOcomments: 0

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Amazon.com and other online retailers are cutting off some entrepreneurs that help them sell books, music and movies in a running battle with state governments in search of new streams of tax revenue. Quote: AMZN

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Banks Brace for Tough Second Half

timcatts09 — Fri, 03 Jul 2009 11:36:37 GMT

Fri, 03 Jul 2009 11:36:37 GMT 554454 timcatts09 2009-07-03T11:36:37Z

Banks Brace for Tough Second Half

posted: 15 HOURS 54 MINUTES AGOcomments: 0

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What's next for the financial industry? Big banks are riding high on fees earned selling each other's stock and bonds to meet requirements laid down after the government's stress tests. But more losses on bad loans may be just over the horizon.
From DailyFinance: Small-Cap Bank Stocks Underperform After Stress Tests

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Consumer Reports Ranks iPhone Over Pre

timcatts09 — Fri, 03 Jul 2009 11:06:22 GMT

Tech News Fri, 03 Jul 2009 11:06:22 GMT 555264 timcatts09 2009-07-03T11:06:22Z

Consumer Reports Ranks iPhone Over Pre

posted: 16 HOURS 25 MINUTES AGO

filed under: Tech News

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Palm hopes its new Pre will dethrone the iPhone as king of smartphones. But new Consumer Reports ratings gave a huge edge to Apple's product. That means Palm's uphill battle just got steeper. Quotes: AAPL | PALM

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Can You Trust Brokers' 401(k) Advice?

timcatts09 — Fri, 03 Jul 2009 10:44:52 GMT

Investing Fri, 03 Jul 2009 10:44:52 GMT 554584 timcatts09 2009-07-03T10:44:52Z

Can You Trust Brokers' 401(k) Advice?

posted: 16 HOURS 46 MINUTES AGO

filed under: Investing

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Corbis

After the past year's stock market losses decimated many workers' retirement accounts, lawmakers are considering giving brokers more leeway to provide advice on 401(k) investments. Is that a good idea?

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20 Hit Products That Surprised Us All

timcatts09 — Fri, 03 Jul 2009 10:56:09 GMT

Investing Fri, 03 Jul 2009 10:56:09 GMT 554683 timcatts09 2009-07-03T10:56:09Z

20 Hit Products That Surprised Us All

posted: 16 HOURS 35 MINUTES AGO

filed under: Investing

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Some products just seem doomed to fail -- but become massively successful anyway. From Crocs to American Idol and from the iPod to Us Weekly, here are twenty products that shocked DailyFinance writers by making a huge splash.

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Bank of America to Repay $713M to TARP

matthewscott09 — Thu, 02 Jul 2009 22:06:34 GMT

Bank of America to Repay $713M to TARP

posted: 1 DAY 5 HOURS AGOcomments: 0

filed under: Financial Crisis

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Bank of America Corp. says its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.
Also: FDIC Seeks New Investors in Failed Banks

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