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Consumer borrowing drops $14.8B in September

ASSOCIATED PRESS | Fri, Nov 6, 7:38 PM | 0 comments

WASHINGTON — Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. Read more

SEC inquiry could lead to Fla. oversight changes

ASSOCIATED PRESS | Fri, Nov 6, 6:27 PM | 0 comments

TALLAHASSEE, Fla. — Two top Florida Democrats want changes to the makeup of the board that oversees Florida's $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission. Read more

Treasury prices narrowly mixed ahead of auctions

ASSOCIATED PRESS | Fri, Nov 6, 5:54 PM | 0 comments

NEW YORK — Treasury prices mostly rose Friday after the government said the nation's unemployment rate climbed to a 26-year-high of 10.2 percent last month. Read more

Fortress Investment posts wider 3rd-qtr loss

ASSOCIATED PRESS | Fri, Nov 6, 2:58 PM | 0 comments

NEW YORK — Alternative asset manager Fortress Investment Group LLC said Friday its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments. Read more

Ohio governor hails Alcoa $110 million investment

ASSOCIATED PRESS | Fri, Nov 6, 8:03 AM | 0 comments

COLUMBUS, Ohio — Alcoa Inc. plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane. Read more

Ahead of the Bell: Consumer Credit

ASSOCIATED PRESS | Fri, Nov 6, 6:36 AM | 0 comments

WASHINGTON — Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery. Read more

Obama set to sign a big tax break for homebuyers

ASSOCIATED PRESS | Thu, Nov 5, 8:43 PM | 0 comments

WASHINGTON — Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. Read more

Preventive maintenance will keep your appliances humming along

AKRON BEACON JOURNAL, OHIO | Thu, Nov 5, 8:13 AM | 0 comments

Taking the time to do a little preventative maintenance on household items is far less costly than having to replace a soiled carpet, broken vacuum cleaner or scratched TV. Read more

BofA says credit environment remains difficult

ASSOCIATED PRESS | Thu, Nov 5, 6:11 PM | 0 comments

CHARLOTTE, N.C. — Bank of America Corp. on Thursday reiterated that the current credit environment will remain difficult into next year, as unemployment is likely to continue to rise. Read more

Treasurys mixed amid fresh signs of low inflation

ASSOCIATED PRESS | Thu, Nov 5, 3:11 PM | 0 comments

NEW YORK — Treasury prices traded in a narrow range Thursday as investors welcomed additional signs that inflation is likely to remain in check. Read more

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