September 2010 Headlines

AIG Announces Plan to Pay Back Taxpayers

Banking Giant AIG announced a plan Thursday to pay back taxpayers for the money they borrowed.

Economy Loses Speed in Spring; More Weakness Ahead

The nation's economic growth tailed off sharply in the spring and probably isn't faring any better now.

Interest, Mortgage Rates Reach Record Lows

The rate on the government five-year Treasury note hit its lowest level Tuesday, falling to 1.26 percent.

IRS Will No Longer Mail Tax Forms

The government agency decided to stop mailing the forms, because so many people now file electronically.

Dollar Trades Near 5-Month Low against Euro

Investors are concerned about the weak American economy and low interest rates.

World Split on Effectiveness of Stimulus Programs

There appears to be little global consensus among the world's largest economies on whether or not government stimulus programs work, according to a new BBC poll.

Southwest Airlines to Buy AirTran for $1.4 Billion

Southwest Airlines is planning to expand into some key smaller U.S. markets. after agreeing to buy AirTran, which is based out of Atlanta, Ga.

Oil Creeps Higher to Near $77 as Equities Rise

Oil prices crept higher to near $77 a barrel Monday in Asia, boosted by a rally in global stock markets.

Analysts Give Mixed Results on Housing Crisis

Mark Zandi, chief economist of Moody's Analytics, believes last month marked the bottom for housing, and other economists expect housing to slowly come back in the next year.

Congress to Send Small Business Bill to Obama

The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses.

Jobless Claims Rise to 465K

Those requesting new jobless benefits rose for the first time in more than a month.

Blockbuster Going Bust? Files for Chapter 11

After years of losing money, Blockbuster Inc. is filing for chapter 11 bankruptcy protection.

Oil Rises Above $75 as U.S. Dollar Weakens

Oil prices rose above $75 a barrel Wednesday, boosted by a weaker dollar.

Fed Ponders Whether Bolder Action Needed

Federal Reserve policymakers are wrestling with what additional steps should be taken to strengthen the plodding economy and drive down unemployment.

U.S. Economy: Second Recession Unlikely

The evidence is growing that a second recession is unlikely, and that's good news for both businesses and consumers.

Rent or Buy? Making Tough Calls in Tough Times

The latest dreary statistics on the economy have led some to suggest it's a better time to rent a home than to buy one.

U.S. Takes Tougher Trade Stance with China

The U.S. indicated on Thursday it plans to get tougher on China when it comes to both trade and efforts to reform the Chinese currency system.

Tax Debate Continues as Home Foreclosures Rise

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

Gold Prices Hit New Record High, Silver Surges

Gold prices have hit another record high, rising almost 2 percent to $1,274.75 an ounce. It was the largest single day gain in four months.

Mooch No More! Get a 'Debt-Free' Education

Zac Bissonnette is walking proof that needing a boatload of money to get a quality college education is a classic con game.

Dollar Falls to 15-Year Low against Yen

"The dollar was sold as investors tried to avoid risk," said Yuji Kameoka, chief currency strategist at Daiwa Institute of Research in Tokyo. 

Economists Outlook for U.S. Economy Dims

One survey by The Wall Street Journal showed economists continuing to cut their growth forecasts for the rest of this year and into 2011.

Oil Climbs to Near $76 on Economic Indicators

Oil prices climbed to near $76 a barrel Friday in Asia as better economic indicators from Japan to the U.S. boosted confidence that demand for fuel will improve.

Report: Debt Hurts America's Competitiveness

The U.S. is becoming less competitive as a nation because of its huge budget deficits and problems in its financial markets, according a new report.

New Filings for Jobless Benefits Tumble

The number of people signing up for unemployment benefits dropped to the lowest level in two months.

Study: Money Buys Happiness, to a Point

Economists say the more money you make, the happier you are -- but only to a certain extent.

Tough Summer Ends for Young Job Seekers

This summer marked the lowest record level of unemployment for people between the ages 16 and 24, hitting a record 18 percent.

Mortgage Rates Plunge to Lowest Level

Mortgage rates have fallen to their lowest level in decades, according to mortgage buyer Freddie Mac.

Jobless Numbers Point to Anemic Recovery

The unemployment rate rose in August for the first time in four months as more people were looking for work.

Jobs Report May Show Unemployment Rate Up

The unemployment rate may be about to rise again.

Gold May Reach $1,500 Record High

Gold is once again heading to a record high and analysts say the long-term outlook continues to predict higher prices.

Retail Data: Americans Still Cautious in August

Nervous about jobs and an unraveling economy, shoppers spent - at best - only slightly more this August than last.