February 21st, 2010
There’s one safety feature that Toyota could have had in its cars for years that would have stopped many, perhaps even most, cases of unintended acceleration — it’s called ‘brake override.’
Toyota has been saying for several weeks that it will add the feature to all of its new cars, and singled out the technology […]
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Filed under: money by Forest
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February 16th, 2010
BankAtlantic Bancorp on Friday filed a prospectus with the Securities and Exchange Commission to raise up to $75 million through a stock offering.
The Fort Lauderdale-based banking company (NYSE: BBX) said it would use the money – should it decide to proceed with the offering – to repurchase its debt at a discount. In January, BankAtlantic […]
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Filed under: term by Forest
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January 20th, 2010
Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.
UPDATED: IRS releases new form, begins accepting claims again
Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to […]
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January 9th, 2010
State regulators seized Horizon Bank on Friday evening, making it Washington’s first bank failure of 2010 and the fourth community bank to be seized in the state in the last 13 months.
Washington Federal Inc., of Seattle, quickly snapped up the failed Bellingham bank from regulators, according to information released by the state Department of Financial […]
Filed under: economics by Forest
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January 5th, 2010
South Korea’s exports increased at the fastest pace in 17 months, adding to signs that Asia’s fourth-largest economy is recovering from the global recession.
Overseasshipments gained 33.7 percent in December from a year earlier to $36.2 billion, the Ministry of Knowledge Economy said today. That was more than the median 27.9 percent forecast in […]
Filed under: management by Forest
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December 21st, 2009
The biggest stock market advance in seven decades is reducing the need for additional government stimulus measures, according to former Federal Reserve Chairman Alan Greenspan.
The Standard & Poor’s 500 Index’s 64 percent jump since March made Americans richer by restoring $5.4 trillion to U.S. equities and helped spur a 1.3 percent increase in […]
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December 15th, 2009
Asia should keep interest rates low even as China, South Korea and other emerging economies in the region may grow at the fastest pace in three years in 2010, the Asian Development Bank said.
“Inflation is still low,” Jong-Wha Lee, the Asian Development Bank’s chief economist, told reporters in Manila today. “We haven’t seen […]
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December 6th, 2009
When you buy travel insurance, don’t be tripped up by fine-print clauses that deny compensation when you make a claim.
Take Bill Walker and Iris Lustig. They booked a trip to London, but had to cancel a week before leaving because Lustig had a flare-up of Crohn’s disease, a chronic stomach ailment.
"She was very sick, so […]
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November 30th, 2009
As long as we are doing it this year, why not do it always?
"This year, it all comes down to value and getting the best bang for your shopping dollar," said Tod Marks, senior editor of Consumer Reports.
He was referring to a survey by the magazine showing nearly two-thirds of Americans […]
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November 14th, 2009
Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday’s initial public offering price of $21.
Dollar General, which is almost entirely owned by private equity firm Kohlberg Kravis Roberts & Co KKR.UL, priced shares at $21 in its initial […]
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