Archive for August 1st, 2008
« Previous EntriesFlorida bank closed by FDIC
Friday, August 1st, 2008Federal regulators closed Florida’s First Priority Bank on Friday, marking the eighth bank failure of the year.
Auto sales plunge again
Friday, August 1st, 2008The nation’s top automakers reported sharp drops in July sales that were much worse than expected, as high gas prices and a weak economy continue to bite the battered auto industry.
Wall Street wobbles into weekend
Friday, August 1st, 2008Stocks slipped Friday, completing a topsy-turvy week, as investors mulled a seventh straight month of job losses, a dismal quarterly report from General Motors and slumping U.S. auto sales reports.
More Americans feel gas price pain
Friday, August 1st, 2008The high price of gas is taking a financial toll on an increasing number of American households, according to a poll released Friday.
NY to file fraud charges against Citigroup
Friday, August 1st, 2008New York state Attorney General Andrew Cuomo said Friday that his office intends to file charges against Citigroup for the alleged fraudulent marketing and sale of troubled auction-rate securities to everyday investors.