Business Stories from August 7, 2011 (Change date)
-
Treasury prices jump as stocks plummetAug 07, 2011 11:00 pm - NEW YORK — Government bond prices are rising as a stock market rout is sending traders into assets considered safe. Investors are selling stocks Monday in response to a ...
-
Durbin: Debt rating should spur bipartisan actionAug 07, 2011 11:00 pm - Illinois Sen. Dick Durbin says he's never seen so much rancor in Washington but believes the downgrade of the nation's debt rating may be the jolt needed to spur biparti...
-
Will U.S. downgrade affect your home loan?Aug 07, 2011 11:00 pm - After more than four years of a housing market crisis and major changes in credit card terms, it may be hard to believe that many consumers don't know what types of loan...
-
Morgan Stanley: US debt rating drop poses riskAug 07, 2011 11:00 pm - NEW YORK— Standard & Poor's downgrade of U.S. debt could end up hurting Morgan Stanley's business should the lower debt rating further erode confidence in the financial ...
-
IBM leaves U of I supercomputer projectAug 07, 2011 11:00 pm - CHAMPAIGN — IBM Corp. is leaving a project at the University of Illinois to build the world's fastest supercomputer. The university's National Center for Supercomputing ...
-
Lost fight with Medicare to cost nursing homes $3.87 BillionAug 07, 2011 6:13 am - WASHINGTON — Nursing homes’ lost lobbying battle with Medicare will cost the industry $3.87 billion, as the health program tries to recover overpayments it says it made ...
-
Six ways the debt deal could hurt college studentsAug 07, 2011 6:13 am - NEW YORK — College is already expensive. Now the government’s eleventh-hour agreement to raise the debt ceiling is set to push costs higher. That’s particularly true for...
-
So far, so good for money funds in debt crisisAug 07, 2011 6:13 am - Associated Press BOSTON — Money-market mutual funds have passed their first big test since the 2008 financial crisis. Risks of a U.S. debt default sent investors fleein...
-
Budget targets leisure travelers with car ad dealsAug 07, 2011 6:13 am - ATLANTA — When Nia Lewis was looking for a car to drive to Florida to visit her in-laws, she went to the Atlanta Budget Rent a Car website as she normally does. But she ...
-
Overdraft fees remain steep at largest banksAug 07, 2011 6:13 am - NEW YORK — The country’s largest banks are still charging steep overdraft fees. A survey released Wednesday by the Consumer Federation of America found that the median ...