Cited: MSNBC
A new, old financial, setback is becoming a long-term employment barrier as bad credit seems to be sidelining some jobless workers even though being jobless could be the reason for that credit.
Three years ago, after working as a temporary data entry clerk and receptionist for a Los Angeles skin care company, Debra Banks was [...]

Cited: Reuters

Even though Bank of America Corp. won its lawsuit with the United States Security and Exchange Commission over a merger with Merrill Lynch, the judge called it a “half-baked baked settlement of $150 million. This ended an embarrassing public battle between the largest US bank in the nation’s top securities regulator

Deals

U.S. District Judge [...]

Cited: Reuters

There is controversy in the travel industry as a new travel promotion act is signed by Pres. Barack Obama. Many in the industry fear that the act will backfire. However, most in the US travel industry are hoping that it will reverse the decline in international visitors to the country and create jobs.

President Barack [...]

Cited: Reuters/AP

On February 20, Cleveland Federal Reserve Bank Pres. Sandra Pianalto stated that there were too many variables that affect the value of the dollar to predict where it is headed.

Taking questions after addressing a group of high school students, Pianalto, a voting member of the Fed’s policy panel this year, was asked what policies [...]

Cited: Reuters

According to the industry data that shows the fragile state of the recovery in the housing market, US mortgages were in a record foreclosure with 15% delinquent in the fourth quarter of last year.

Housing Market

The Mortgage Bankers Association said on January 19 the combination of loans in foreclosure and one payment in arrears was [...]

Cited: Reuters

You would not think that an office building over a shopping mall in downtown Philadelphia could put fear in the hearts of bad guys on Wall Street. However, it does because that is where the regulator has set up a sophisticated computer database to catch insider traders and it is helping the US Securities [...]

Cited: Reuters

It seems that consumers are still wary even though retail results have improved. This year for retailers may be more about winning sales from competitors than gaining customers to purchase more, at least for those that sell everything from torn paper to refrigerators

Discounters like Target Corp and Sears Holdings Corp’s Kmart stores posted improved [...]

Cited: Reuters

The US dollar is taking a beating; there is no doubt about that. Last time it took such a beating was when the country was facing a mounting inflation and the escalating cost of the Vietnam War. The then president, Richard Nixon (Tricky Dick), took the United States off the gold standard on August [...]

Cited: Associated Press

New York State Comptroller Thomas DiNapoli announced in February that Wall Street bonuses surged up 17% to $20.3 billion and stated that the bonuses were “bitter pill” after taxpayers bailed out Wall Street after its meltdown.

Total compensation at the largest securities firms grew beyond that figure and profits could surpass what he calls [...]