Industry News
Problem bank list climbs to 829
The government's list of troubled banks hit its highest level since 1993 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.
Housing quagmire: Is it time to remove relief?
For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments.
For BP, post-spill advertising comes at an unknown cost
The coverage of BP's Deepwater Horizon spill is teaching the typically secretive oil industry something about life in the limelight. Now, the company has to account for every cent it spends.
Consumer confidence rises in August
A key measure of consumer morale made a surprising turn higher in August, but Americans still feel jittery about the economy.
Alabama schools turn to bank loans to operate
Alabama schools have been having a rough time of it, and it only looks like it's going to get rougher. The Cotton State recently came in last place in the federal Department of Education's Race to the Top grant competition. And a steadfast global recession combined with the Gulf Coast oil spill this summer have put a severe strain on the state's tax receipts, the primary source of revenue for Alabama's education system, forcing several school systems to take out private loans just to make it through the year.
Home prices gain 3.6% in past year
Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
Can mom afford to work only part-time?
Shawn and Mary Kate DeRose live comfortably on a combined $133,000 income. They pay their debts, save for retirement, even have room to splurge on dinners out and high-end gym memberships.
DONOVAN ANNOUNCES $65 MILLION IN AVAILABLE FUNDING TO SUPPORT COMMUNITY DEVELOPMENT IN INDIAN COUNTRY
SIOUX FALLS, SD - U.S. Housing and Urban Development Secretary Shaun Donovan traveled to a Native American community in South Dakota today to announce $65 million in available funding to support a variety of community development and affordable housing production in Indian country throughout the U.S. Donovan made the announcement following a tour of the Rosebud Reservation in South Dakota with Senator Tim Johnson.
Stocks headed for lower open
U.S. stocks were poised for a weak start Tuesday, following a slump in global markets, as investors awaited key economic reports on housing prices, consumer confidence and manufacturing.
Nikkei sinks to 16-month low
World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency's rise.
The staggering pace of technology
I have more transistors than neurons. So do you. That's something worth caring about, because it signals the advance of a weird new world that most of us aren't prepared for. Yet we'd better get ready, for the world of the Syfy channel is looking startlingly plausible.
Gmail's new mind-reading inbox
Google is adding a new feature in Gmail that will automatically spotlight important e-mails and separate out the ones you can wait to read later.
Sanofi offers $18.5 billion for Genzyme
French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.
Stocks drop as fear returns
Stocks fell sharply late Monday, ending a lackluster session more than 1% lower, as the tone on Wall Street turned bearish ahead of big economic reports due later this week.
Intel to buy Infineon's wireless unit for $1.4 billion
Intel is buying Infineon Technologies' wireless unit for $1.4 billion in cash, the second acquisition in two weeks for the U.S. chipmaker.
RIM avoids BlackBerry ban in India - for now
India will delay banning BlackBerry services pending a 60-day security test, the country's home affairs department said Monday.
Treasury yields tumble on global economic fears
After ending last week with a sell-off of Treasurys, investors swung back to U.S. government bonds Monday when a move by the Bank of Japan reignited jitters about the global economy.
3PAR bidding war: Are Dell and HP crazy?
Hewlett-Packard and Dell's intense bidding war for the little-known 3PAR is starting to look a little nuts.
Consumer spending picks up
Consumer spending rose in July, but Americans remain wary about the future of the economy. Personal spending rose by $44.1 billion last month, or 0.4%, after falling less than 0.1% in June. This came in above the 0.3% increase economists expected.
Credit is finally available, but no one wants it
Finally, nearly two years after they were bailed out by Congress, big banks are beginning to ease lending standards for individuals and small businesses. But it's not exactly having the reception many believed it would. Just when credit becomes more available, there's little evidence of a surge in demand for it.



