Associated Press

Associated Press
Displaying 536 results
NEWS INDUSTRY NEWS NOV 02, 2009
Will CIT bankruptcy hinder the retail sector?

The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season.

NEWS INDUSTRY NEWS OCT 30, 2009
Consumer spending plunges by the largest amount in nine months

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.

NEWS INDUSTRY NEWS OCT 30, 2009
Analysts expect 3Q loss for UBS

Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

NEWS INDUSTRY NEWS OCT 30, 2009
Massive sell-off ends seven straight months of market gains

Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens.

NEWS INDUSTRY NEWS OCT 29, 2009
Geithner says economy on the mend

Treasury Secretary Timothy Geithner said he sees positive signs that the economy is recovering, although the recession remains "alive and acute" for families dealing with unemployment and facing home foreclosure.

INVESTING ALTERNATIVES OCT 29, 2009
Another billionaire hedge fund manager arrested for possible fraud

A German man who founded the hedge fund group K1 was arrested by police amid an investigation into possible fraud that may total some euro200 million ($295.7 million), prosecutors said Thursday.

NEWS INDUSTRY NEWS OCT 28, 2009
Take a check? Rogue French trader must pay $6.7 billion for fraud

Former Societe Generale SA trader Jerome Kerviel was convicted on all counts Tuesday in one of history's biggest trading frauds, sentenced to three years in jail and ordered to pay the bank a mind-numbing euro4.9 billion ($6.7 billion) in damages.

NEWS INDUSTRY NEWS OCT 28, 2009
Stocks turn lower as new home sales fall

Stocks fell Wednesday after a drop in sales of new homes gave investors another reason to be cautious.

NEWS INDUSTRY NEWS OCT 27, 2009
It's official (almost): The recession has ended

It's about to become official: The recession is over — but not the pain.

RETIREMENT LIFE INSURANCE AND ANNUITIES OCT 26, 2009
The Hartford launches search for new CFO

Life insurer Hartford Financial Services Group Inc. said Monday that its chief financial officer, Lizabeth Zlatkus, will be named its chief risk officer and the company will begin looking externally for a new CFO.