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  1. The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)
    Large U.S. bank collapse ahead, says ex-IMF economist Reuters - Tue Aug 19, 5:59 PM ET Sent 1,608 times

    SINGAPORE (Reuters) - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.

  2. School bus driver Jamille Aine is photographed on July 17, 2008 in Greenwich, Conn. Aine's employer doesn't offer paid sick days, so if he can't shake the bug, he may not be able to pay his bills. Some 46 million U.S. workers lack paid sick days and lawmakers in 12 states — including California, Connecticut, Minnesota and West Virginia — have proposed legislation in the past year that would require businesses to provide them. (AP Photo/Douglas Healey)
    States push laws to require paid sick days AP - Wed Aug 20, 12:31 PM ET Sent 326 times

    HARTFORD, Conn. - For school bus driver Jamille Aine, a cold is more than an inconvenience. His employer does not offer paid sick days, so if he can't shake the bug, he may not be able to pay his bills.

  3. CEO of IKB bank Guenther Braeunig, CEO of KfW bank group Wolfgang Kroh and CEO of Lone Star Germany Bruno Scherrer, from left, are seen prior to a press conference in Frankfurt, central Germany, Thursday, Aug. 21, 2008, on occasion of KfW selling their IKB shares to Lone Star. German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company's biggest shareholder KfW said Thursday. (AP Photo/Michael Probst)
    Mortgage application volume hits multiyear low AP - Wed Aug 20, 9:11 AM ET Sent 147 times

    NEW YORK - Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday.

  4. Small SUVs improve in crash tests AP - Wed Aug 20, 1:09 PM ET Sent 147 times

    WASHINGTON - Four small sport utility vehicles earned top scores in crash tests released Wednesday by the insurance industry, a nod to safety improvements in SUVs during the decade.

  5. A home that has been foreclosed and repossessed by the bank up for sale in Burbank, California, July 20, 2008. (Fred Prouser/Reuters)
    Fannie, Freddie shares dive on bailout fears, bonds up Reuters - Wed Aug 20, 5:51 PM ET Sent 129 times

    NEW YORK (Reuters) - Fannie Mae and Freddie Mac shares plunged to their lowest levels in almost 20 years on Wednesday, while the mortgage companies' bonds rallied on the belief that an increasingly likely government bailout would wipe out shareholders but secure their massive debt.

  6. Brian Winer of Los Angeles uses an eBay kiosk to check on an item he has for sale during the Consumer Electronics Show in Las Vegas, January 6, 2006. (Steve Marcus/Reuters)
    EBay lowering fixed-price sellers' listing fees Reuters - Wed Aug 20, 2:10 AM ET Sent 57 times

    SAN FRANCISCO (Reuters) - EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company's boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors.

  7. Jeffrey Lacker (L) and Richard Fisher in a combination image. The Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed. (File/Reuters)
    Fed officials say must be ready to curb inflation Reuters - Tue Aug 19, 5:02 PM ET Sent 50 times

    ASPEN, Colo. (Reuters) - The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed.

  8. A banner welcomes students to the University of Texas campus in this Aug. 21, 2006, file photo in Austin, Texas. Most American families don't factor in their child's expected earning power when considering the potential debt load for college, a study released Wednesday by student lender Sallie Mae found. (AP Photo/Harry Cabluck, file)
    Study: Cost often not factor when picking college AP - Wed Aug 20, 6:03 AM ET Sent 34 times

    NEW YORK - Even if a student plans on a major where the financial rewards aren't so obvious, such as art history or philosophy, most American families don't factor in their child's expected earning power when considering the potential debt load for college.

  9. Pat Seymour with Neighborhood Realtors places a 'sold' sign on a home in Riverside, Calif., Tuesday Aug. 19, 2008. A research firm says home prices in the San Francisco Bay area plunged 29.3 percent in July to a 53-month low. MDA DataQuick says in its report Tuesday that the median price for new and resale homes and condos stood at $470,000 last month, down from $665,000 in July 2007. (AP Photo/Nick Ut)
    California home sales surged in July, prices fell AP - Tue Aug 19, 7:31 PM ET Sent 28 times

    LOS ANGELES - California homebuyers sprung to life in July, pouncing on foreclosed homes and deeply discounted properties but largely ignoring pricier homes that have been languishing on the market, a research firm said Tuesday.

  10. CEO of KfW bank group Wolfgang Kroh, left, and CEO of Lone Star Germany Bruno Scherrer are seen prior to a press conference in Frankfurt, central Germany, Thursday, Aug. 21, 2008, on occasion of KfW selling their IKB shares to Lone Star. German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company's biggest shareholder KfW said Thursday. (AP Photo/Michael Probst)
    Fannie Mae, Freddie Mac shares plummet AP - Wed Aug 20, 5:03 PM ET Sent 26 times

    NEW YORK - Investors are betting that time is running out for Fannie Mae and Freddie Mac.

  11. The sign outside a Wachovia Bank branch in Denver is pictured July 22, 2008. (Rick Wilking/Reuters)
    LandCap JV to buy Wachovia loans: report Reuters - Wed Aug 20, 1:26 AM ET Sent 26 times

    (Reuters) - A joint venture created by LandCap Partners is buying $40 million of troubled land and construction loans from Wachovia Corp The Wall Street Journal said.

  12. An oil tanker nears the Trans-Alaska Pipeline Marine Terminal in Valdez, Alaska, August, 9 2008. (Lucas Jackson/Reuters)
    Oil prices rebound even as crude inventories jump AP - Wed Aug 20, 6:00 PM ET Sent 25 times

    NEW YORK - The price of oil bounced back near $115 a barrel on Wednesday, as traders shrugged off a massive increase in U.S. crude inventories and a stronger dollar and focused on possible supply threats.

  13. Heavy equipment mines the oil tar sands at Syncrude's Aurora mine near Fort McMurray, Alberta in this May 23, 2006 file photo. (Todd Korol/Files/Reuters)
    Buffett, Gates tour Canadian oil sands operation Reuters - Wed Aug 20, 3:39 PM ET Sent 24 times

    CALGARY, Alberta (Reuters) - Warren Buffett and Bill Gates, two of the world's richest men, toured Canadian Natural Resources Ltd's Horizon oil sands project near Fort McMurray, Alberta, this week.

  14. In this photo provided by Hasbro, 'Mr. Monopoly' stands on a large version of the global game board of the new 'Monopoly Here & Now: The World Edition' after it was unveiled on the CBS Early Show in New York, Wednesday, August 20, 2008. In worldwide voting by fans, New York and London were the only cities to earn a property space on the board from their respective countries.(AP Photo/Hasbro, Ray Stubblebine)
    Oui, Montreal tops in new Monopoly game AP - Thu Aug 21, 1:50 AM ET Sent 22 times

    EAST LONGMEADOW, Mass. - Bye bye, Boardwalk. The Quebec metropolis of Montreal snagged the most expensive spot on a new global version of Monopoly, unseating the Atlantic City fixture as the board game's most prestigious property.

  15. FDA reports new deaths with diabetes drug Byetta AP - Mon Aug 18, 5:24 PM ET Sent 22 times

    WASHINGTON - Federal regulators are working on a stronger label for a widely used diabetes drug marketed by Amylin Pharmaceuticals Inc. and Eli Lilly & Co. as deaths continue to be reported despite earlier government warnings.

  16. David Middleton posses for a portrait in front of his home in Broomall, Pa., Friday, Aug. 15, 2008. Middleton and others formed the grassroots group, Fed Up USA, which have protested in Washington and elsewhere against 'federal financial irresponsibility.' (AP Photo/Justin Maxon)
    Washington offers no relief for savers AP - Mon Aug 18, 1:03 PM ET Sent 21 times

    WASHINGTON - Two giant mortgage companies get into hot water over risky investments. The government steps in to throw them a lifeline should they need it.

  17. People shop for canned food at the San Francisco Food Bank in June 2008 in San Francisco. US wholesale prices have spiked by their largest margin in 27 years in the year to July as inflationary pressures continue to buffet the world's largest economy, a government survey showed.(AFP/Getty Images/File/Justin Sullivan)
    Wholesale prices rising at fastest pace since 1981 AP - Tue Aug 19, 1:26 PM ET Sent 21 times

    WASHINGTON - Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.

  18. Customers wait outside the Encino branch of IndyMac Bank in Los Angeles on July 17, 2008. (Phil McCarten/Reuters)
    Regulator to help IndyMac mortgage borrowers Reuters - Wed Aug 20, 3:38 PM ET Sent 20 times

    WASHINGTON (Reuters) - Thousands of homeowners with distressed mortgage loans linked to failed lender IndyMac may soon be able to avoid foreclosure under a program announced on Wednesday by U.S. banking regulators.

  19. NEW YORK - AUGUST 20: American Airlines passenger Emmaline Allwood gets information on Aircell's inflight broadband internet service, Gogo, from Jared Karns in the AA terminal at JFK Airport August 20, 2008 in New York City. Today, American Airlines became the first U.S. airline to offer passengers complete mobile broadband service onboard its entire fleet of 767-200 aircraft. (Jonathan Fickies/AP/American Airlines)
    American launches in-flight Internet on 3 routes AP - Wed Aug 20, 9:16 AM ET Sent 20 times

    NEW YORK - American Airlines expanded the availability of in-flight Internet access Wednesday, launching airborne e-mail, Web and other online services on some of its longer, nonstop flights.

  20. A woman shops at at a mall in a Denver suburb, May 16, 2008. (Rick Wilking/Reuters)
    Inflation pressures mount as home building slows Reuters - Tue Aug 19, 5:13 PM ET Sent 19 times

    WASHINGTON (Reuters) - U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold homes, government data showed on Tuesday.

  21. Customers eat frozen yogurt at Pinkberry, Friday, Aug. 8, 2008 in New York. Frozen yogurt, trendy during the 1980s and early 1990s, has made a comeback but this time with an edge. Companies selling the soft stuff are opening stores with hip decor and pulsating music that draw a younger crowd. (AP Photo/Mark Lennihan)
    Frozen yogurt war de-thaws, tart new brands hit US AP - Tue Aug 19, 4:28 PM ET Sent 17 times

    NEW YORK - Leonardo DiCaprio has a Red Mango yogurt machine in his office. Paris Hilton and Lindsay Lohan have been photographed clutching Pinkberry yogurt cups while ducking the paparazzi.

  22. Salvatore Fucile, 82 and his wife, Clara, pose for a photograph in the kitchen of their Springfield, Pa., home, Friday, Aug. 15, 2008. The couple wound up in an Option ARM from IndyMac after consolidating two mortgages on their suburban Philadelphia home. (AP Photo/Tom Mihalek)
    'Liar loans' threaten to prolong mortgage crisis AP - Mon Aug 18, 5:50 PM ET Sent 16 times

    In the mortgage industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."

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