Archive for November 10, 2008

No pony for Christmas? Thanks, Wall Street

At this time of year, we all like to spend a little extra. Instead, everyone's having to cut back. Yet that won't get the economy moving again. 

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5 funds to start fixing your 401(k)

If, like many of us, you've taken stinging losses, these still-great giant funds can help you rebuild. Yes, they're down -- most things are -- but their quality still shows.

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Should you follow Buffett this time?

As the Oracle of Omaha pours money into utilities, other investors can't help but wonder whether that's a smart move for them, too. Here's why Warren Buffett loves the sector.

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Payday loans ambush military

Tough enough to protect the world but vulnerable in the area of personal finance, military personnel often fall prey to payday lenders. Here's how to avoid that trap.

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Where $1 will buy a house

Cities and towns can buy HUD's worst properties for a buck each and use grant money to rehab them -- or simply raze neighborhood eyesores.

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Housing crash spawns big lawsuits

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Stocks struggle on GM, Goldman Sachs worries

Fears mount about GM's viability. Retail sales look weaker after Circuit City's bankruptcy. Starbucks  earnings disappoint, but McDonald's shares jump on strong October sales. Goldman Sachs slides on worries its finances are deteriorating. AIG gets more government help.

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Circuit City files for bankruptcy

One week after announcing big store closures and job cuts, the company is entering Chapter 11 bankruptcy protection -- and hoping to survive the holiday shopping season. Meanwhile, in other news of the grim economy: DHL Express announces major cuts to operations.

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Job cuts on Main Street

Small companies account for more than 40% of the nation's payroll - and as the economy worsens, their staffing cuts reverberate through local communities.

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Businesses for Sale