Archive for the ‘ Finance ’ Category


Facing down the skeptics, Mexico’s president urged governments and companies on Friday to cough up the cash to fight climate change and avoid a repeat of the failure at Copenhagen to set binding targets for cutting greenhouse gas emissions.

From the start, the man accused of killing motivational speaker Jeffrey Locker told a startling tale: He said Locker asked for help stabbing himself to death so his family could collect life insurance money.

Iceland’s central bank on Wednesday cut its key interest rate by half a point to 9.5 percent to help the economy as the inflation rate eases and the national currency stabilizes.

Americans are feeling better about the economy, home prices are on the rise and companies are forecasting a brighter 2010.

Research the car, incentives and additional discounts before actually visiting the dealer’s lot.

Power company Exelon said Friday that its fourth quarter profit fell 18 percent, as demand for electricity in the U.S. remained soft in the weak economy.

A bitterly divided Supreme Court vastly increased the power of big business and unions to influence government decisions Thursday by freeing them to spend their millions directly to sway elections for president and Congress.

Billionaire investor Warren Buffett said Wednesday he’s still not sure when the economy will recover, but he expects the rebound to be slow because American consumers remain uneasy.

New York’s governor unveiled a painful budget plan Tuesday that slashes services, raises fees and takes some unusual steps to close a yawning $7.4 billion fiscal gap.

In the new lending environment, a good credit score is not good enough for today’s homebuyers.

The Georgia Department of Labor reported Friday that more than 100,000 laid-off workers filed initial claims for unemployment insurance benefits in December, an increase of nearly 40 percent over the previous month.

SunTrust Banks said Thursday it will convert its debit card program from Visa to MasterCard late this year. After the conversion, SunTrust said it plans to issue about 5 million MasterCard debit cards.

Asia’s economic growth is set to quicken to 6.6 percent this year, but recovery from the global economic crisis remains fragile and stimulus exit strategies must be carefully timed, the Asian Development Bank said Thursday.

China’s lavish bank lending spurred a recovery but also pumped up markets as speculators scooped up stocks and property and even dabbled in garlic, dried chilli pepper and luxury Pu’er tea.