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AP Business News
07/06/2009 17:05:54
| Stocks end mixed; Oil slide hits energy shares
NEW YORK (AP) - Investors are fearing they may have bet too soon on an economic comeback. Stocks ended mostly lower Monday as drops in prices for oil and other commodities spurred worries that demand for basic materials may remain slack. Indexes ended mixed but off of their lows for the day. More » | AP IMPACT: New GI benefits vary widely by state
When the new GI Bill kicks in Aug. 1, the government's best-known education program for veterans will get the biggest boost since its World War II-era creation. But the benefit is hardly the ``Government Issue,'' one-size-fits-all standard the name implies. In fact, depending on where service members and veterans decide to attend college, they could receive a full ride, or very little. More » | Service sector shrinks less than expected in June
NEW YORK (AP) - The U.S. services economy - from retailers and restaurants to real estate brokers - contracted less than expected in June in its best showing since before the financial crisis struck last fall, according to a private trade group's gauge. But with rising unemployment and constrained credit driving consumers to spend less and save more, one analyst says a sustained economic recovery likely is years, not months, away. More » | AP analysis: Economic stress up in much of nation
California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties. The latest results of the AP's Economic Stress Index show the worst financial crisis since the 1930s causing lingering damage even as other signs suggest the recession is winding down. More » | Singer's luxe lifestyle aided by Wall Street firms
NEW YORK (AP) - Music lovers weren't the only ones drawn to the King of Pop. Wooed by his global fame and earning power, a bevy of financial firms ponied up tens of millions to finance the singer's luxe lifestyle and kick-start his troubled career. Now they're in line with other creditors and business partners awaiting word on the state of Michael Jackson's murky financial empire. Financial firms including Colony Capital LLC, Fortress Investment Group and Barclays Bank PLC poured tens of millions into the singer over the years. The cash allowed Jackson, a notorious binge spender, to maintain a lavish lifestyle befitting a global pop star. More » |
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Market News
