Only reliable financial news

The health reform debate is still far from the finish line, but Wednesday brought an important milestone: A key senator’s highly-anticipated proposal echoing many of the reforms that President Obama is calling for.
"My bill is very, very similar to the framework that the president was talking about when he gave his message the other […]

Filed under: money by Forest
Comments Off

American Airlines is in talks to take a minority stake in Japan Airlines (JAL) and form a joint venture with the struggling airline, a source said, pitting it against a rival bid from Delta Airlines.
JAL, Asia’s largest airline by revenues, lost about $1 billion last quarter and has been seeking investors to prop up […]

Filed under: money by Forest
Comments Off

Come Wednesday, BUD will be back.
Anheuser-Busch InBev, the world’s biggest brewer, said Friday that investors will be able to trade its stock on the New York Stock Exchange. The ticker symbol of the financial instrument: BUD.
That’s a blast from the past. BUD was Anheuser-Busch’s ticker symbol for decades before it […]

Filed under: money by Forest
Comments Off

President Barack Obama signed a bill Friday morning that breathes new life into the popular Cash for Clunkers program.
"Now, more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost," President Obama said in a statement.
The move extends the Cash […]

Filed under: money by Forest
Comments Off

The value of American farm real estate declined for the first time in more than two decades, delivering another dose of bad news to some rural economies already struggling with falling commodity prices and job losses.
The U.S. Department of Agriculture reported values of farm real estate — which includes the value of all […]

Filed under: money by Forest
Comments Off

from an NHL hockey team to Obama’s suit maker — that are hitting the skids.
View photos

Fortune 40: The best stocks to retire on

After a bleak 2008, equities are looking up. But whatever the market, our trademark long-term portfolio can help you build a nest egg for a secure future.
View photos

NEW YORK (CNNMoney.com) — Stocks […]

Filed under: money by Forest
Comments Off

The dollar rose against rival currencies Wednesday as investors took shelter in the U.S. currency after the Federal Reserve said the economy would "remain weak for some time."
The Fed also indicated that the pace of the economic contraction has slowed but didn’t signal any major change in its unconventional monetary policy measures, including its […]

Filed under: money by Forest
Comments Off

A Wentzville auto dealer filed a lawsuit Wednesday alleging that several of Chrysler’s executives and employees conspired to "drive the dealership out of business."
Century Motor Corp., which sold new Dodge, Chrysler and Jeep vehicles, claims the group worked to make sure the dealership was among hundreds of dealers nationwide that were cut by […]

Filed under: money by Forest
Comments Off

Italian automaker Fiat will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after a U.S. court delay threw the deal into doubt.
Both Chrysler and the Obama administration have said a long delay could kill the deal and end up with Chrysler’s liquidation, and Fiat can walk […]

Filed under: money by Forest
Comments Off

The last thing the battered U.S. labor market needs are the current problems at GM and Chrysler.
There have been some signs that the job market might be slowly improving. The number of people filing for new jobless benefits has declined for three straight weeks, and both payroll processing firm ADP and outplacement firm Challenger […]

Filed under: money by Forest
Comments Off