AIG was chastised for its last attempt to take employees on a retreat that was to cost hundreds of thousands just after they had received a substantial bailout from the government with taxpayer money. Again, AIG, which is based in New York, has planned a cross-country venture to California in what is called a...
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The jobless rate in our nation is the black eye on the recovering economy since unemployment claims are dropping disappointingly slow, so it would seem odd if spending was on the rise, but that is exactly the case.The unemployment rate are not any case for worry, some say, because despite the vast amount of...
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Rates on a 30-year mortgage dropped to 4.94%, which is not the lowest we have seen in mortgage rates this year, but it may be enough to entice people into refinancing or even buying.It has been reported that the low mortgage rates, along with the tax credit offered to new homebuyers, caused the number...
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GM was reported to be on the verge of reaching a deal with Penske Automotive Group earlier this week but as it looks now Saturn will be shut down. Some models will continue to be made through 2011, but overall Saturn is going to have to fend for itself. A Penske spokesman said that...
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The FDIC ordered banks to prepay three years worth of premiums in order to replenish a weakened FDIC fund, which resulted from the massive bank failures that occurred this year stemming from the recession. The idea was to have these premiums, which amounted to three years worth of payments, on hand so that it...
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The newspaper industry has been on a slippery slope thanks to easier access of news online and advertisers taking their business to the Internet as well. Newspaper profits and stock prices have fallen and, like most industries in the recession, they have cut jobs in order to stay afloat. However, Gannett Co., which is...
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