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NEW YORK Oil prices edged above $79 a barrel Wednesday as the nation’s crude supply fell for the fourth week in a row. Gasoline supplies also fell unexpectedly and the contract for January delivery, which expires Thursday, neared a yearly high. After weeks of declines, prices at the pump appeared ...
NEW YORKStocks wavered in a narrow range Wednesday as good news on manufacturing helped offset a drop in commodities prices. The market got support from a key economic indicator that signaled growth in the Midwest manufacturing industry for a third straight month. The Chicago Purchasing Managers Index rose to 60 ...
NEW YORKThe government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing company struggles with hefty losses in its home mortgage unit. The Treasury Department said the new aid, which comes from a taxpayer-financed bailout fund, is less than the roughly $6 ...
This week on the Bucks blog, our contributors, along with some of our favorite sources, are writing about their New Year’s financial resolutions. Here, Tara Siegel Bernard, a personal finance reporter for Bucks, shares her own plans. Managing my financial life consumes enough time and mental energy to qualify as ...
In The Times on Wednesday, Steven Greenhouse reports that a growing number of retail employees are committing theft or fraud with gift cards. In my own recent reporting on the subject, I heard about one low-tech scam more than once. When shoppers show up after Christmas looking to redeem their ...
In The Times on Wednesday, Steven Greenhouse reports that a growing number of retail employees are committing theft or fraud with gift cards. In my own recent reporting on the subject, I heard about one low-tech scam more than once. When shoppers show up after Christmas looking to redeem their ...
By Hibah Yousuf, staff reporterDecember 30, 2009: 12:24 PM ET NEW YORK (CNNMoney.com) — Amazon.com had the happiest customers this holiday season, according to a survey from ForeSee Results released Wednesday. The Seattle-based e-commerce giant scored the highest in a customer satisfaction report from online retail consulting firm ForeSee, followed ...
By Paul R. La Monica, editor at largeDecember 30, 2009: 12:23 PM ET NEW YORK (CNNMoney.com) — You’d think that 2009 would have been a great year for telecom stocks, right? Think of all the hot gadgets: Apple’s latest iPhone 3GS; Motorola’s new Droid; the BlackBerry Storm 2; and several ...
By Julianne Pepitone, staff reporterDecember 30, 2009: 4:59 PM ET NEW YORK (CNNMoney.com) — Time Warner Cable said Wednesday that it is willing to let the Federal Communications Commission resolve its ongoing fee dispute with the Fox Network through a process of binding arbitration. That offer was made in response ...
BUTNER, North CarolinaBernard Madoff has left his North Carolina prison’s hospital unit and returned to his cell. The 71-year-old disgraced financier had been transferred to a prison hospital on Dec. 18. Bureau of Prisons spokeswoman Denise Simmons said Wednesday he was transferred back to the medium security section of the ...
SAN FRANCISCO Next year may be to appliance buyers what 2009 was to car buyers: time for government rebates. Modeled after the popular Cash for Clunkers program, which was intended to get cars with low gas mileage off the road, a federal appliance rebate program is launching in early 2010. ...
By Hibah Yousuf, staff reporterDecember 30, 2009: 7:21 AM ET NEW YORK (CNNMoney.com) — GMAC Financial Services is close to receiving a third round of bailout funds from the U.S. Treasury Department, according to a published report Wednesday. The announcement for the troubled auto and mortgage lender to collect $3.5 ...