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Business
News provided by MSNBC
Congress is losing its patience with the Fed

Suddenly the Federal Reserve is everybody's punching bag.

Sun, 22 Nov 2009 19:01:23 GMT
Cities find the fine print is costing millions

Donna Snyder, Hoosier's vice-president for finance for Hoosier Energy Rural Electric Cooperative, calls a John Hancock Financial Services'$120 million fee againstHoosier "a huge challenge." Local governments and public entities, already reeling from the recession, face another fiscal crisis: billions of dollars in fees owed to Wall Street firms on investment deals gone bad.

Sun, 22 Nov 2009 18:18:55 GMT
Retailers seeing signs of a good Black Friday

Nov. 22: A new poll says that Americans will be looking to spend less and get more this holiday shopping season. NBC's Janice Lieberman reports. (Other)When the holiday shopping season kicks off the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers.

Sun, 22 Nov 2009 19:58:21 GMT
BofA may reportedly extend search for CEO

Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a Bloomberg report.

Sun, 22 Nov 2009 20:08:54 GMT
Accounting rule helps boost some newspapers

If not for new rules, the industry's numbers would look even worse. Average weekday circulation at 379 U.S. newspapers fell 10.6 percent during the six months ending in September. While U.S. newspapers are losing subscribers at a staggering rate, a few dailies stand out because their circulation is rising. But they aren't necessarily selling more copies.

Sun, 22 Nov 2009 20:24:31 GMT
Real estate agents see return of foreign buyers

Canadian investor Arthur Wong is buying condos in Las Vegas and Phoenix like a shopper at Costco: In bulk, with slashed prices.

Sun, 22 Nov 2009 20:46:28 GMT
Long-term unemployed face dwindling options

Lawrie Covey is struggling to make ends meet as her unemployment benefits are running out.For Lawrie Covey and millions of other unemployed workers, life remains a day-to-day struggle. Instead of working on RVs in a factory, she may soon be living in one.

Fri, 20 Nov 2009 21:04:28 GMT
Pace of job losses slows in many states

Theunemployment rate rose in 29 states last month. CNBC's Scott Cohn has the details.(CNBC)In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment.

Fri, 20 Nov 2009 19:52:21 GMT
Forbes: World's most expensive homes

Built by Candy and Aaron Spelling, this 4.7-acre estate is just outside of Los Angeles. Its valued at $150 million.Prices have dipped, but some sellers are certain their nine-figure properties will attract buyers.

Fri, 20 Nov 2009 22:53:31 GMT
Report: Hershey may launch bid for Cadbury

Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.

Sat, 21 Nov 2009 00:16:23 GMT
Senate panel to consider Bernanke nomination

The Senate Banking Committee will hold a hearing Dec. 3 on Federal Reserve Chairman Ben Bernanke's nomination to a second term.Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.

Fri, 20 Nov 2009 22:37:32 GMT
Chase drops arbitration from card contracts

JPMorgan Chase & Co. dropped a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration.

Fri, 20 Nov 2009 21:14:09 GMT
RV industry no longer running on empty

Derald Bontrager, president of RV manufacturerJayco Industries, said business is improving but has a long way to go.There are signs of recovery in the nation's heartland, including Elkhart, Ind., but the rebound is faint, uneven and faces many threats.

Fri, 20 Nov 2009 20:43:17 GMT
8 ways to slash your holiday budget

It's possible to enjoy the holidays without spending lots of money. Here are eight simple ways to trim your budget.

Fri, 20 Nov 2009 18:33:13 GMT
Electric car maker Tesla seen going public

Tesla will compete with established automakers like Ford, General Motors and Nissan Motor Co, all of which are racing to launch electric or plug-in hybrid vehicles.Electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.

Fri, 20 Nov 2009 20:30:05 GMT
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