The Federal Reserve plans to provide $60 billion to commercial banks, through an auction process, in an attempt to ease the current credit crisis.


General Finance

Applications to buy and refinance homes dropped last week, an industry trade group said Wednesday, the latest sign that U.S. housing remains mired in a downturn.
Mortgages

Microsoft Corp. has agreed to modify its Windows Vista operating system in response to a complaint from Google.
Business

Last year was another difficult period for Martha Stewart Living Omnimedia Inc. The publisher posted a net loss of $17 million and now hasn't reported a profitable year since 2002, when its famous founder's legal problems became front-page news.

Business

Question: I will soon have three kids in college at the same time. I've set aside some money for college education, but not enough.
Personal Finance

After a ballyhooed merger between AOL and Time Warner six years ago that has, to put it kindly, yielded mixed results at best
Business

DaimlerChrysler CEO Dieter Zetsche confirmed Wednesday that the company is talking with potential buyers who he said have a "clear interest" in buying its money-losing Chrysler unit
Business

Greenwich, Kenilworth - see what people who can afford the best are buying.
Mortgages

To combat increased production and more competition from other hybrid vehicles, including some of its own, Toyota has introduced a large incentive program on its popular Prius.
General Finance

U.S. sales at the traditional Big Three U.S. automakers continue to lose share to Toyota and other import brands in March, although sales at troubled Ford and Chrysler rebounded enough from weak February results to beat forecasts.
General Finance

Pending sales of existing U.S. homes surprisingly rose in February even as bad weather and weakness in the subprime lending sector put a crimp on the housing market, a real estate agents' trade association said Tuesday.
Mortgages

High-risk mortgage lender New Century filed for bankruptcy and fired over half its work force on Monday as signs emerged the U.S. housing crisis was spreading into better quality home loans.
General Finance

EMI Group PLC. announced a deal with Apple Inc.'s iTunes Monday to see its music catalog without the anti-piracy protection known as DRM restrictions.
Science And Technology

All this week, the big factor behind rising oil prices has been the standoff between Britain and Iran over the fate of 15 British sailors seized by Iran in the Persian Gulf on March 23.
General Finance

The Chinese government's investment agency, being formed to invest a portion of China's staggering $1.07 trillion in foreign exchange reserves, will reportedly have enough money in it to buy a company the size of Wal-Mart or Citigroup outright.
General Finance

There's a lot working against investors right now. Despite the recent declines, stocks still aren't all that cheap, and the economic picture is hazy.
Stocks And Shares

Homebuilder stocks had a glorious run until the housing market peaked in the summer of 2005. Since then it's been nothing but pain from every direction.
General Finance

Surging oil prices and a weaker-than-expected read on durable goods orders sent stocks lower early Wednesday.
Business

Demand for big-ticket items improved in February, according to a government report Wednesday that still came in weaker than expected and raised concerns about a slowing U.S. economy.
Personal Finance

April 30 is the day that Americans can stop working to pay the taxman and start working for themselves, according to the Tax Foundation's annual estimate dubbed "Tax freedom day."
Personal Finance

John Edwards says we need to raise taxes to fix health care, and you can bet that Barack Obama and Hillary Clinton will eventually say so too.
Personal Finance

Borrow Money To Consolidate
General Finance

Big Deal
Business

Thanks To Wal-Mart
Stocks And Shares