New home sales fall in December!
LOS ANGELES, Kalifornia - January 27, 2010 - Sales of new U.S. homes declined 7.6% in December, the government said this morning.
Verizon to cut 13,000 jobs!
NEW YORK - January 26, 2010 - Verizon Communications Inc., coping with subscriber losses at its fixed-line phone business, plans to cut about 13,000 jobs at the division this year after posting fourth-quarter revenue that missed analysts’ estimates.
Escalating pension crisis will bankrupt major city!
SAN DIEGO, Kalifornia - January 25, 2010 - The pension crisis is affecting budgets in city after city and in ever-increasing amounts. Please consider the latest in San Diego: Millions needed for city pensions.
Massive housing complexes go to creditors!
NEW YORK - January 25, 2010 - The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they're turning them over to their creditors.
Federal deficit projected at 1.35 trillion dollars!
WASHINGTON (PNN) - January 25, 2010 - The latest estimates out Tuesday from the Congressional Budget Office predict a $1.35 trillion deficit for this year as the Second Depression continues for the economy.
Wal-Mart to cut 11,200 jobs at Sam's Club!
NEW YORK - January 24, 2010 - Wal-Mart Stores, Inc. said Sunday it is cutting about 11,200 jobs at its Sam's Club warehouse division as it outsources in-store product sampling to marketing company Shopper Events in an effort to win more customers and boost lagging sales.
FDIC closes five more banks in five States!
WASHINGTON, Jan. 23, 2010 - Regulators shut down banks Friday in Florida, Missouri, New Mexico, Oregon and Washington, bringing to nine the number of bank failures so far in 2010, following 140 closures last year in the toughest economic environment since the Great Depression.
More Articles ...
- Initial jobless claims rise unexpectedly!
- Home construction falls while wholesale prices edge up!
- Russia diversifies into Canadian dollars!
- Citigroup loss signals more trouble for commercial banks!
- Report anticipates new wave of mortgage defaults!
- The United States of debt!
- Citigroup loses $7.6 billion in fourth quarter as it repays TARP!
- Japan Airlines files for bankruptcy protection!
- Arizona closes state parks!
- Dollar crisis looms if U.S. doesn't curb debt!
- December retail sales drop!
- December foreclosures jump!
- Chamber warns of deeper Depression due to Democrat policies!
- More families rely on food stamps to feed children!
- Some jobs will never return!
- AMBROSE EVANS-PRITCHARD: America slides deeper into Depression as Wall Street revels!
- Mortgage delinquencies up at Fannie Mae and Freddie Mac!
- Sharp drop in temperatures could spike food prices!
- Number of new jobless claims increase!
- Banks considering cuts in principal for distressed mortgages!
- South Florida has over $12 billion in troubled commercial real estate!
- Noted economist predicts lawlessness in the United States!
- Economists say financial crisis is far from over!
- States running out of money for unemployment benefits!
- 2009 bankruptcies up by 32 percent!
- Devastated commercial market to spark more lawsuits and bankruptcies!
- Commercial real estate could trigger deeper Depression!
- Amerikans seek silver lining in 2010!
- U.S. new jobless claims dip to 17-month low!
- U.S. in fiscal peril with $12.1 trillion debt!
- Japan Air stock plunges as investors fear bankruptcy!
- Treasury claims majority stake in GMAC!
- North Texas commercial foreclosures jump by 27 percent!
- Real estate could be a red flag for smaller banks!
- Debt will continue to dominate in 2010!
- Royal Canadian Mint reveals how it lost gold!
- National Irish Bank to stop handling cash!
- Small business bankruptcies rise 81% in Kalifornia!
- Third-quarter growth revised downward!
- More prime mortgages default in third quarter!
- Citadel Broadcasting files bankruptcy!
- City shuts down on Christmas Eve to save cash!
- U.S. Treasuries harder to buy!
- Regulators close seven more banks!
- Four big bailout recipients mired in debt!
- Banks send checks into the recycle bin of history!
- Jobless claims rise for second straight week!
- AMBROSE EVANS-PRITCHARD: Gulf petro-powers launch their own currency!
- FDIC boosts 2010 budget and staff!
- Producer prices climb more than forecast!