March 2010 Headlines

Report: Money for Good Habits Doesn't Change Lives

An experimental anti-poverty program that pays the poor for maintaining good habits has not been life-changing.

Xerox Exec Who Turned Company Around to Retire

Xerox Corp. said Tuesday that Chairman Anne M. Mulcahy, who is credited with turning the company around over the past decade, plans to retire in May.

Gov't Looks to Sell Citigroup Stock for Profit

The Treasury department will begin selling its shares in Citigroup soon -- a move that could result in a $7.5 billion profit for the U.S. government.

Survey: Christian Ministries Hit Hard by Recession

A recent study shows that ministries are suffering financially in this tough economy.

How to Survive on a Teacher's Salary

Could you support a family of four on a teacher's salary?  One man is doing just that and he's not only surviving -- he's thriving.

Obama Admin. Shores up Troubled Homeowners

The Obama administration announced efforts to rescue millions of struggling Americans burned by defaulting on their mortgages and on the brink of losing their homes.

SEC Reviews Funds' Derivatives Use

The SEC is reviewing the use of financial derivatives by mutual funds, exchange-traded funds and other investments to determine whether new protections are needed for investors.

Initial Jobless Claims Drop More Than Expected

New claims for unemployment benefits fell more than expected last week as layoffs ease and hiring slowly recovers.

Hard Times Persist in Housing Market

Even though the government is throwing billions of dollars at the problem, the crisis hasn't gone away.

New Home Sales See Record Decline

The Department of Commerce reported Wednesday that new home sales fell more than 2 percent last month-- the worst on record since 1963.

Is Buffett Really a Safer Bet Than Obama?

The bond market thinks Warren Buffett is a safer investment than President Barack Obama.

New Rules Prevent Gift Card Penalties

The federal government revealed new rules, Tuesday, that will protect consumers from unexpected fees and restrictions on gift cards.

Health Care Stocks Spike after Signing

Health care related stocks have been higher this week

Debate on the Future of Fannie, Freddie Heats Up

Congress will hold its first hearing Tuesday about how to restructure the mortgage system in the wake of the financial crisis.

More Foreign Firms Feel Unwelcome in China

A growing number of foreign businesses in China feel shut out under new government policies promoting homegrown technology, according a survey released Monday.

Oil Drifts Below $82 as Month-Long Rally Stalls

Oil prices drifted below $82 a barrel Friday as a stronger dollar helped pause a month-long rally fueled by mostly positive news about the U.S. economy.

Consumer Prices Were Unchanged in February

Consumer prices were flat last month, as the weak economy limits the ability of companies to charge more for goods and services.

Unemployment to Remain High Through 2010

Administration officials are predicting the unemployment rate to stay around its current level of 9.7 percent for the rest of the year.

Fed Keeping Rates Low for Economic Recovery

Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.

U.S. at Risk of Losing Top AAA Credit Rating

With mounting debt and deficit spending, the U.S. is at risk of losing its AAA rating, which could affect the economic recovery.

Social Security Marks First Deficit in Decades

Social Security is going to start paying out more in benefits this year than it's collecting in taxes -- close to $29 billion more.

Retail Sales Rise 0.3 Percent in February

Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls.

Jobless Claims Drop to 462,000

Applications for unemployment benefits dropped last week in the latest sign of a brightening employment picture.

Foreclosure Rate Slowing, but Still Up

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level.

Bank of America Ends Overdraft Fees on Debit Cards

Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards.

Unemployment Aid Approved for Final Vote

The U.S. Senate takes up a $107 billion spending measure on Tuesday, which extends to unemployment insurance for the long-term jobless.

IRS Official Admits He Doesn't Do His Own Taxes

A top Internal Revenue Service official has admitted he doesn't do his own taxes.  He says the tax code is too complex. 

Too Good to be True? Job-Seekers Beware

As 15 million Americans are currently unemployed, there are also plenty con artists preying on them.

Fed Deficit Hits Record $233 Billion in Feb.

According to the latest monthly review by the Congressional Budget Office, the federal government ran its biggest monthly deficit ever in February.

Unemployment Rate Unchanged as 36K Jobs Lost

The nation's unemployment rate held steady in February coming in at 9.7 percent as employers slashed 36,000 jobs, according to the Labor Department.

Jobless Claims Drop, Productivity Revised Higher

New claims for jobless benefits fell last week in a sign that layoffs may be easing as the economy slowly recovers.

US Airways Says Storms Cost $30M in Lost Sales

US Airways Group Inc. said Wednesday that severe winter storms on the East Coast in February cost it $30 million in lost sales.

Oil Gains to Around $79 Amid Mixed U.S. Data

Oil prices hovered near $79 a barrel Tuesday as investors considered mixed signals about the strength of the U.S. economy.

Head of IMF Proposes New Reserve Currency

The head of the International Monetary Fund says the organization might eventually need to provide a new reserve currency that would be an alternative to the dollar.