Financial News of the Week
Breaking business, economic and personal finance news, including reports on oil prices, stocks, technology, retirement, small business and more.
CNNMoney.com
7:38pm: The Department of Housing and Urban Development says the demand for shelter in rural and suburban areas jumped in 2008. HUD grants $1.2 billion to 400 communities. ( more)
6:51pm: Residents will have fewer places to cash in IOUs after large banks stop redeeming them Friday. SEC warns potential buyers and sellers of possible scams. ( more)
2:56pm: Weakness in retail sales shows Americans still not shopping freely. Economists say trend is a problem for now but could help economy in the long run. ( more)
2:45pm: A key measure of credit market sentiment is back to 'normal,' according to Alan Greenspan, but consumers say otherwise. ( more)
2:39pm: Nation's No. 1 automaker could be out of bankruptcy court soon. Announcement of 'new GM' expected Friday morning. ( more)
1:22pm: The Vice Chairman of the Federal Reserve says the U.S. central bank must remain independent. ( more)
1:02pm: Safe-haven currencies lose some flight-to-safety bids after U.S. initial jobless claims decline easing economic worries. ( more)
12:46pm: For the biotech, a new drug for bone cancer and osteoporosis could mean a big boost in revenue. ( more)
12:31pm: By changing a few key positions, Citi appears to be trying to smooth relations with its watchdogs. ( more)
12:21pm: In the seven-year management deal, 6,000 Sprint workers will transfer to Ericsson. ( more)
12:00pm: Madoff, convicted Ponzi schemer, decided not to appeal his 150-year sentence, says lawyer. ( more)
12:00pm: Investors are betting on an economic recovery, but are they counting their free-range chickens before they hatch? ( more)
11:54am: Success in foreign markets demands that you understand differences between cultures. A new book tells how. ( more)
11:28am: Disappointing jobs data and the beginning of corporate earnings season send investors to bonds, pushing yields lower. ( more)
11:26am: The cost of an airline ticket has dropped dramatically but don't delay, prices won't remain this low for long. ( more)
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