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 Thursday, March 11, 2010 
 
    
 
MSN.com Business News

Fannie, Freddie’s $125 billion tab still growing
The federal government has spent the past half year trying to roll back its efforts to support the financial markets, except for involvement in Fannie Mae and Freddie Mac.

Stocks slide after inflation jumps in China
Stocks fell modestly Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back.

New jobless claims fall less than expected
The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery.

Indiana stakes claim to electric car industry

Richard Canny, CEO of THINK electric cars, shows off the automaker’s Think City electric vehicle at the Washington, D.C., auto show in January. The company plans to make vehicles in Indiana.The so-called "RV Capital of the World" may soon be able to bill itself the "EV Capital of the World. What a difference a letter makes.




Top green car concepts from Geneva show

Virtually every carmaker showed off their latest fuel-saving technologies — from advanced diesel hybrids to fully electric vehicles — at the Geneva Motor Show. Here are some of the best concept cars.




Survey: Pace of foreclosures may be slowing

A foreclosure home for sale is shown in this Aug. 22, 2006 file photo taken in Spring, Texas. RealtyTrac Inc. said Thursday March 11, 2010 that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.




Trade gap shrinks as auto, oil imports drop
The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell.

ConsumerMan: The hazards of kids and credit
Credit card companies have a simple strategy: Get your customers while they are young. Most students these days graduate with thousands of dollars in unpaid credit card bills.

Fed emerges from battle poised to be stronger
The Federal Reserve, still dusting itself off from a fight that threatened to trim its powers, could emerge from a overhaul of banking rules as the top cop over financial institutions.

Mexico’s Slim tops the list of world’s richest

Carlos Slim Helu, the telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s, is world's richest person for first time after coming in third place last year.For the third time in three years, the world has a new richest man.




Media coverage fuels spike in Prius complaints

A 56-year-old woman claims that this Toyota Prius went out of control in Harrison, N.Y., as she was leaving her driveway. It was the second incident in as many days of alleged runaway acceleration of the popular Toyota hybrid.Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.




Senate passes jobless aid, business tax breaks
The Senate voted Wednesday to extend a host of soon-to-expire elements of last year's economic stimulus measure, including help for the jobless.

Toyota luring buyers back with incentives

March 10: Toyota is mishandling its recall crisis by not "taking a consumer standpoint" says public relations expert Ron Zolno who represented Tylenol after the 1982 poisoning scare. (Other)A high-ranking Toyota executive says the auto company's North American sales spiked around 50 percent the first eight days of March as incentives helped lure customers.




Credit card users not making big dent in debt
With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't.

List of banks under stress keeps growing

You can look up any U.S. bank's level of troubled loans in the BankTracker. Credit unions, too.The number of banks with risky levels of bad loans rose slightly in the latest quarter. Check yours in the BankTracker from msnbc.com and the Investigative Reporting Workshop.




Tropicana shrinks OJ cartons, raises prices
Pepsico Inc. is raising prices on its popular Tropicana orange juice because of the deep freeze that hurt much of Florida's citrus crop.

House OKs ’09 tax break for Chile gifts
The House has passed a bill that would allow taxpayers to write off charitable donations to Chile earthquake relief efforts when they file their 2009 taxes this spring.

Cable wants FCC to enter broadcast disputes
The most recent showdown left millions of Cablevision Systems Corp. customers around New York without an ABC station at the start of the Academy Awards.

‘Material Girl’ launching new line at Macy’s
Macy's Inc. is getting into the groove with Madonna.

Runaway Prius reports hit Toyota at worst time

A 56-year-old woman claims that this Toyota Prius went out of control in Harrison, N.Y. as she was leaving her driveway. It was the second incident in as many days of alleged runaway acceleration of the popular Toyota hybrid.Two drivers in California and New York claimed this week their Toyota Priuses sped off uncontrollably. While they walked away, the automaker suffered two more dents to its reputation.




Guns and shoppers are no-win mix for retailers

Greg Dement, left, is handed a Starbucks coffee drink as he sits with a handgun strapped to his belt while looking on at an anti-gun rally in Seattle on March 3, 2010. Guns. Religion. Abortion. These are the no-win arguments that spoil family gatherings — and the stuff of retailers' nightmares.




The demise of boutique bank Pali Capital

The 150-acre "Sky Blue Farm" estate of Pali Capital's co-founder and chief executive Bradley Reifler is seen in an undated aerial photo from Microsoft's "Bing Maps" obtained by Reuters March 9, 2010. The estate has an ice hockey rink, horse back riding paddocks and stables, tennis courts and indoor and outdoor swimming pools. In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble. Reifler's Pali Capital, a boutique firm specializing in derivatives and fixed-income trading appeared to be an oasis of prosperity. REUTERS/Microsoft-Bing Maps/HandoutThe swift demise of Pali Capital surprised industry observers. But as with many firms that suddenly fail, not everything at Pali was what it seemed.




Payroll tax hike hits small businesses
Some 35 states were set to boost unemployment taxes on businesses this year, with increases ranging from 2.5 to 600 percent.

Unemployment rises in 30 states in January

March 10: A look at which states are hiring and firing, with CNBC's Bertha Coombs. (CNBC)Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country.




Businesses trim inventories even as sales rise
Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month.

 
 
 
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Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer . Opinions expressed at FXPaper.com are those of the individual authors and do not necessarily represent the opinion of FXPaper.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 
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