Monthly Archives: August 2009

Regional banks in Maryland, Minnesota and California were closed by regulators Friday, bringing the total number of failed banks this year to 84, the Federal Deposit Insurance Corporation said.

The dollar continued to lose ground Friday at the end of a week in which it became cheaper for banks to borrow in yen than dollars for the first time in 16 years.

Microchip king Intel boosted its sales outlook for the current quarter on Friday, signaling an end to the deep PC market swoon.

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Bankrupt Canadian telecom equipment maker Nortel Networks Corp. owes the United States Internal Revenue Service a staggering $3 billion in taxes and interest, according to a claim filed in the company’s bankruptcy case.

Sick of bailout billions? Here’s a bit of good news: While the government struggled to come up with a viable recovery plan, one ailing financial market has managed to heal itself.

Maybe the bear market ended your early-retirement dreams. Or you found out that your parents’ nest egg is nearly gone. Or you just didn’t think you could lose that much, that quickly. You’re angry. Especially if there was a “financial … Continue reading →

Question: I’m 29 and I contribute 12% of my $109,000 annual pay to my 401(k). My company matches 100% up to the first 6% of salary I save. I’m concerned, though, that I could give up a lot of my … Continue reading →

After two of the worst bear markets in history, you’re probably craving reassurance. Well, the mutual fund industry is hungering to give it to you.

They say you can’t trust the government. Don’t tell that to Wall Street traders.