Oui, Montreal tops in new Monopoly game

Bye bye, Boardwalk. The Quebec metropolis of Montreal snagged the most expensive spot on a new global version of Monopoly, unseating the Atlantic City fixture as the board game's most prestigious property. Complete Story...

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Source: auction-rate probe focuses on 3 banks

New York Attorney General Andrew Cuomo will intensify his probe into auction-rate securities by focusing on Bank of America Corp., Goldman Sachs Group Inc. and Deutsche Bank AG, a person close to the investigation said Wednesday.

FDIC sets mortgage plan for IndyMac borrowers

Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.

Bernanke's firefighter role to be debated at forum

Thrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades.

First payments in Vioxx deal to begin Aug. 28

Partial payments for people claiming withdrawn painkiller Vioxx caused heart attacks will go out starting Aug. 28 under the $4.85 billion settlement between drugmaker Merck & Co. and plaintiffs' lawyers, the claims administrator said Wednesday.

Labor Dept: Fewer workers killed on job in 2007

The number of workers killed on the job annually dropped to a historic low in 2007, the Bureau of Labor Statistics announced Wednesday.

Fannie Mae, Freddie Mac shares plummet

Investors are betting that time is running out for Fannie Mae and Freddie Mac.

American launches in-flight Internet on 3 routes

One of the few remaining Internet-free havens vanished Wednesday as American Airlines launched airborne e-mail, Web and other online services on some of its longer, nonstop flights.

Wall Street finishes erratic day higher

Wall Street scored a moderate gain after a volatile session Wednesday that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector.

Mortgage application volume hits multiyear low

Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday.

BJ's posts higher 2Q profit, raises outlook

BJ's Wholesale Club Inc. posted a slightly higher second-quarter profit on Wednesday and raised its full-year earnings forecast as frugal shoppers look for deals at discounters.

BP says testing begins on BTC pipeline

British oil company BP PLC said that testing will begin Wednesday on the closed Baku-Tbilisi-Ceyhan oil pipeline, which runs through conflict-stricken Georgia, ahead of a move to restart full operations as early as next week.

Study: Cost often not factor when picking college

Even if a student plans on a major where the financial rewards aren't so obvious, such as art history or philosophy, most American families don't factor in their child's expected earning power when considering the potential debt load for college.

Fannie, Freddie capital raising options uncertain

As mortgage financiers Fannie Mae and Freddie Mac struggle with continuing credit losses, their ability to raise needed capital is uncertain and, analysts say, is complicated by the possibility of a government bailout of the two companies.

China stocks jump on speculation over policy plans

Chinese stocks surged Wednesday in their biggest gain in nearly four months on speculation Beijing plans new economic stimulus measures and other policies aimed at reviving the country's languishing markets.

BAA may have to sell 3 of its 7 UK airports

Britain's competition watchdog said it may force airports operator BAA to sell three of its seven airports around the country — including two in London — following fierce criticism of the company for poor customer service, overcrowding and long delays.

Group says climate resolutions increase

Support for climate-change proposals may be growing among investors in big U.S. companies.

Toyota mulls Japan price hike amid soaring costs

The soaring cost of steel has Toyota considering raising prices in Japan without a model makeover for the first time in three decades, the Japanese automaker said Wednesday.

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Stock Market Commentary for 8/18/08

Although the major indices were mixed on Friday, US equities posted a small gain for the week.

Stock Market Commentary for 8/15/08

US equities finished strongly on Thursday with the DJIA gaining 82 points after two days of sharp declines. Even better news is that the market opened lower and finished higher, which is a bullish scenario.

Stock Market Commentary for 8/13/08

On Tuesday US equities fell yet again, with the DJIA dropping 139 points—mostly in the final hour and a half of trading. The fall was attributed mainly to further weakening in the financial sector that gave up 5.7% overall.

Takeover speculation surrounds Sun Microsystems

Source: San Jose Mercury News

A sliding share price and gloomy forecasts have prompted speculation that Sun Microsystems might be a tempting takeover target for acquisition by Hewlett-Packard, Fujitsu or another tech giant.

High energy costs cut two ways in Colorado

Source: MSNBC

President Bush won Colorado in 2000 and 2004, but Democrats hope to swing the state this year. Candidates will have to meet voter concerns about energy and the environment.

Crowd Sourcing Turns Business On Its Head : NPR

Source: npr.org

Marketing costs? Practically nothing. The business model relies largely on the Internet, hoping that online voting and buzz on sites such as MySpace and Facebook will create demand for specific products.

Entrepreneur rides his bike 20,000 miles to raise money for charity after friend dies in 9/11

Source: Clubenetwork.com

After losing his close friend in 9/11, David Sylvester decided to ride his bike 20,000 miles to raise money for charity and do something meaningful with his entrepreneurial talent.

The least expensive cars to drive

Source: MSNBC

When it comes to saving money on a car, size isn't everything. And neither is the sticker price.

Conference to be referendum on Bernanke, Fed

Source: MSNBC

Thrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades.

Intel, Yahoo in deal to bring Internet to television

Source: slicon Valley/San Jose Business Journal

Santa Clara-based Intel (NASDAQ:INTC) and Sunnyvale-based Yahoo (NASDAQ:YHOO) said the channel "will allow consumers to enjoy rich Internet applications designed for the TV while watching their favorite TV programs" and will be powered by the Yahoo Widget Engine, a fifth-generati …

Why Achievement is Very Important to Self Confidence

Personal growth comes through a willingness to accept change, to take risks and to create opportunities. On many occasions it is sheer confidence and bravado which bring in the goodies.

San Diego real estate blog » Stocks of Housing Giants Suffer Huge Losses

Source: brokerforyou.com

real estate bust takes stocks of housing giants down.

FBI Educates Public on Mortgage Scams

Source: bloggernews.net

A lot of people are in dire financial straights because they got sucked into what is now being called the mortgage crisis.

Stagflation is Here, and It is a Weapon of Mass Destruction

Source: dissidentvoice.org

Thus with inflation now running at close to ten percent, we have entered a period of stagflation potentially worse than the 1970s.

Is Deleveraging Bad for the Economy?

Source: mises.org

For most commentators, a major threat to the US economy is the fact that banks are curtailing their expansion of credit in order to improve their net worth and hence solvency.

Lawsuit: 2 King children of unfairly used center

Source: MSNBC

Two of Martin Luther King Jr.'s children have been sued by the institution their mother founded - the latest chapter in a family drama that has become increasingly more public in recent years.

BP says testing begins on BTC pipeline

Source: The Seattle Times

British oil company BP PLC said that testing will begin Wednesday on the closed Baku-Tbilisi-Ceyhan oil pipeline, which runs through conflict-stricken Georgia, ahead of a move to restart full operations as early as next week.

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