May 2009 Headlines

Financial Derivatives: What You Should Know

The bad bets that cost JPMorgan $2 billion were based on derivatives.  But, few people really understand what derivatives are or how they work.

Improve Your Credit, Know the Math

Most of us understand that debt is scary and costly; it keeps us awake at night. It starts with something called your FICO score which can impact everything.

Economy Shrinks Less: Credit to Stimulus?

The Commerce Department reports the economy shrank less than expected in the first quarter of 2009.

Toys R Us Acquires High-end FAO Schwarz

Geoffrey the Giraffe became a knight in shining armor for toy retailer FAO Schwarz.

Troubled TARP: Where Are Tax Dollars Going?

It's been hard to keep up with the billions of tax dollars used to bail out banks and other struggling industries.

Study: Uninsured Costly for All

The average family with health insurance shells out an extra $1,000 a year in premiums to pay for health care for the uninsured, a new report finds.

Entrepreneur Shares Success in Home Business

More and more people are getting the entrepreneurial spirit these days, creating work for themselves in the face of a tough economy and job layoffs.

Economists Believe Recession Will End in '09

The nation's top economic forecasters predict the economic recession will end later this year.

Chrysler in Bankruptcy Court, GM Might Be Next

Chrysler is in bankruptcy court Wednesday, asking to sell-off it's assets to Italian car-marker Fiat.

How to Win When You Lose Your Job

Author and columnist Will La Veist spoke with CBN News about what a person should do after losing their job.

Florida's BankUnited Will Cost FDIC $4.9B

The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion.

Credit Card Reform Coming, But Will it Help?

President Obama signed a sweeping credit card reform bill that promises to revolutionize the credit card card industry.

Auto Lender GMAC to Get More Bailout Money

Auto lender GMAC Financial Services is getting another $7.5 billion in aid from the federal government.

Credit Reform Impacts College Students

It's an end of an era for the thousands of college students who rely on MasterCard or Visa to get them through tight times.

Geithner: Private-public Bank Help 6 Weeks Away

Geithner says a new public-private partnership to help banks shed their bad assets will begin operating in the next six weeks.

GM to Sell Part of Company to Gov't

General Motors' plan for bankruptcy includes selling part of the company to the government.

How You Can Start Spending Smart

YARDLEY, Penn. - Everyday spending can make or break your budget. 

Consumer Prices Flat in April, Matches Estimates

Consumer prices were unchanged in April as both food and energy costs declined to offset gains elsewhere.

Panasonic: $4 Billion Annual Loss

Panasonic Corp. sank deep into the red last fiscal year in an unprecedented slump in global demand.

Obama Continues Push for Credit Card Protection

President Obama is pressing to protect consumers by ending some credit card industry practices deemed abusive.

RealtyTrac: April: Foreclosures Rise 32 Percent

The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year.

Career Counselor Gives Job Search Tips

Many people have lots of questions about how to find a job. Career Counselor Dr. Susan K. Thompson says a general life assesment is a good place to start.

Bernanke Says Economy Should Grow in '09

Federal Reserve Chairman Ben Bernake says the economy will see improvements by the end of the year.