Banking

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Small Florida bank shuttered, 124th this year

By Marcy Gordon And Daniel Wagner, AP Business Writers WASHINGTON — Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy...

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New Hampshire AG Seeks Bankruptcy for Mortgage Co.

NH AG seeks involuntary bankruptcy for mortgage company that closed suddenly this month CONCORD, N.H. November 20, 2009 (AP) The Associated Press Post a Comment The New Hampshire attorney general's office wants to force a...

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Caution Keeps Stocks in the Red

The Dow Jones Industrial Average turned positive in the last half hour of trading Friday but markets settled lower as investors sought safety by selling stocks in favor of the dollar and Treasurys. The technology sector was...

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Wall Street: Mixed week ends on a low note

Stocks selloff on Friday as investors respond to mixed economic news and a darkening outlook for technology companies. Stocks fell Friday, capping a mostly down week, as investors remained jittery about the economy and the...

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7 Charged in Alleged Securities and Mortgage Scam

7 people charged in California for alleged $17 million securities and mortgage scam RIVERSIDE, Calif. November 20, 2009 (AP) The Associated Press Post a Comment State and federal prosecutors have charged seven people in an...

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Stocks Continue to Edge Lower

Stocks continued to trade lower on a bigger-than-expected drop in Dell's latest quarterly earnings and as comments by the head of the European Central Bank prompted investors to scoop up the dollar and move away from riskier...

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Dillard's Rises As Analyst Upgrades To 'Buy'

Deutsche Bank Analyst Raises Rating For Dillard's On Cost-cutting And Merchandise (AP) NEW YORK (AP) - Shares of department store retailer Dillard's Inc. rose on Friday after an analyst upgraded the stock to "Buy" and said...

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Newsweek: Students hit by high-interest loans

An Education in Student Loans College degrees are supposed to last a lifetime, but should tuition loan payments? As relatively cheap, private bank and federally backed loans became harder to come by, some colleges, vocational...

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RV industry slowly starts to roll

Sales, hiring are up, but there's a long way to get to cruising speed again Carissa Ray / msnbc.comDerald Bontrager, president of RV manufacturer Jayco Industries, said business is improving but has a long way to go. The wheels...

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NY Fed to buy US agencies due 2011-2013 on Monday

NEW YORK, Nov 20 (Reuters) - The New York Federal Reserve said on Friday it will buy agency coupon securities maturing between November 2011 and November 2013 in an open market operation on Monday. The New York Fed, which...

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