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3 million bad letters on the way

Sep 18, 2007
In the last year, the number of warning letters sent to troubled mortgage-holders increased 115 percent. Steve Henn reports this may just be the beginning.
Posted In: Economy, Housing

More in support of a Fed rate cut

Sep 18, 2007
August wholesale prices had their biggest drop in 10 months, making an interest rate cut possibly more attractive to the Fed. But what will it help? Scott Jagow talked to Jamie Chisholm of the Financial Times.
Posted In: Economy

What did he say, exactly?

Sep 17, 2007
Former Fed chief Alan Greenspan is making the rounds plugging his new memoir and commenting on the economy. But when it comes to getting his views on the threat of recession? You still need to check and re-check.
Posted In: Economy, Wall Street

Size may not matter in Fed rate cut

Sep 17, 2007
Whatever the Federal Reserve annnounces for its expected interest-rate cut tomorrow, the housing meltdown and the credit crunch might have too big of a headstart for it to make much difference. Jeff Tyler reports.
Posted In: Economy, Wall Street

Ruling won't dethrone Microsoft

Sep 17, 2007
A European court found Microsoft guilty of breaking competition law and not ensuring software compatibility. But Stephen Beard reports that the ruling might not have a major effect on the company's market dominance.
Posted In: Retail

Don't be sold on secret shoppers

Sep 14, 2007
Some retailers now pay for "secret shoppers" to make sure their sales people are performing well. It's made the mystery-customer business an $800 million industry. But commentator Moira Manion, who works in retail sales, says it may not be money well spent.
Posted In: Retail

UAW puts contract talks on GM

Sep 14, 2007
The contract between the United Auto Workers and Detroit's Big Three carmakers is set to expire tonight at midnight. With Ford and Chrysler voting to extend their contracts, the union has singled out General Motors for special attention. Alisa Roth reports.
Posted In: Auto, Jobs

Helping Northern Rock from going south

Sep 14, 2007
The Bank of England stepped in with an offer of emergency credit today to bail out Northern Rock, one of the U.K.'s biggest mortgage companies. Stephen Beard reports it's just the latest sign the global liquidity squeeze might not yet be contained.
Posted In: Economy, Housing, Investing, Wall Street

How to become an 'accidental landlord'

Sep 14, 2007
The subprime mortgage mess has made it harder to buy and sell a home. But if you're already a homeowner, here's another option: Become what Kate Ashford of Money magazine calls an accidental landlord. She talks with Tess Vigeland.
Posted In: Entrepreneurship, Housing

When's best time to stop the daily grind?

Sep 14, 2007
The Census Bureau reported this week that more Americans over the age of 65 are putting off retirement. But some choose to take their Social Security benefits early. John Dimsdale explores what might be the better option.
Posted In: Jobs, Retirement

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