DailyFinance http://www.dailyfinance.com DailyFinance http://www.blogsmithmedia.com/http://www.dailyfinance.com/media/feedlogo.gif DailyFinance http://www.dailyfinance.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Majority of states see unemployment rates move higher in Octoberhttp://www.dailyfinance.com/2009/11/20/majority-of-states-see-unemployment-rates-move-higher-in-october/http://www.dailyfinance.com/2009/11/20/majority-of-states-see-unemployment-rates-move-higher-in-october/http://www.dailyfinance.com/2009/11/20/majority-of-states-see-unemployment-rates-move-higher-in-october/#commentsFiled under: ,

Given that the nation's overall unemployment rate rose to its highest level in decades in October, it's perhaps not surprising that a majority of states reported higher numbers of joblessness last month compared to September, according to fresh data released Friday from the U.S. Department of Labor. In 13 states the rate topped the national average of 10.2%, leaving many to wonder when the economic recovery that is reportedly underway will finally result in more jobs.

Overall joblessness rose in 29 states and the District of Columbia last month, while the rate fell in 13 states, according to the survey. In September, 23 states and Washington D.C. reported that their unemployment rates increased, and 14 states had jobless rates above the national average.

Continue reading Majority of states see unemployment rates move higher in October

Majority of states see unemployment rates move higher in October originally appeared on DailyFinance on Fri, 20 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

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]]>ben bernankeBenBernankebureau of labor statisticsBureauOfLaborStatisticsdepartment of laborDepartmentOfLaborfederal reserveFederalReservejoblessnessjobsoctoberunemploymentDavid ScheppFri, 20 Nov 2009 17:00:00 ESTAirTran Airways eyes seatback ads as novel way to boost revenuehttp://www.dailyfinance.com/2009/11/19/airtran-airways-eyes-seatback-ads-as-novel-way-to-boost-revenue/http://www.dailyfinance.com/2009/11/19/airtran-airways-eyes-seatback-ads-as-novel-way-to-boost-revenue/http://www.dailyfinance.com/2009/11/19/airtran-airways-eyes-seatback-ads-as-novel-way-to-boost-revenue/#commentsFiled under: , , ,

It seems airlines will stoop to anything in their pursuit of saving or making money. Long gone are the days of free food on bargain flights. Be prepared to pay to check even one bag. As if those skinflint ideas weren't enough, AirTran Airways (AAI) is placing ads on the backs of tray tables where travelers can't help but see them during takeoff and landing, as yet another way to haul in more revenue.

As annoying, however, is that the discount carrier is actually "pleased to be able to offer exclusive deals and other promotions to our customers through this unique medium," said Tad Hutcheson, AirTran vice president of marketing and sales, in announcing the program Wednesday. The ads will appear in all 138 of the company's Boeing (BA) jets.

Continue reading AirTran Airways eyes seatback ads as novel way to boost revenue

AirTran Airways eyes seatback ads as novel way to boost revenue originally appeared on DailyFinance on Thu, 19 Nov 2009 18:45:00 EST. Please see our terms for use of feeds.

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]]>737adsadvertisingair carriersAirCarriersairlinesairtran holdingsairtranairwaysAirtranHoldingsboeingcommercialscruiseeasyjetFAAfederal aviation administrationFederalAviationAdministrationflight attendantsFlightAttendantsIn Focusinflightinflight servicesInflightServicesInFocusonboard media groupOnboardMediaGrouppilotsroyal caribbeanRoyalCaribbeanryan airRyanAirseatbackus airwaysUsAirwaysDavid ScheppThu, 19 Nov 2009 18:45:00 ESTMillions of jobless workers still face loss of benefits in 2010http://www.dailyfinance.com/2009/11/19/millions-of-jobless-workers-still-face-loss-of-benefits-in-2010/http://www.dailyfinance.com/2009/11/19/millions-of-jobless-workers-still-face-loss-of-benefits-in-2010/http://www.dailyfinance.com/2009/11/19/millions-of-jobless-workers-still-face-loss-of-benefits-in-2010/#commentsFiled under: ,

Jobless workers who saw the clock ticking on their unemployment benefits likely breathed a sigh of relief earlier this month after Congress overwhelmingly agreed to extend unemployment insurance payments for as many as 20 weeks. But a nonprofit labor watchdog warns that millions are still at risk of losing that financial lifeline if lawmakers don't renew a key unemployment provision contained within the American Recovery and Reinvestment Act.

Even with the latest extension, jobless benefits contained within the recovery act are set to expire at the end of next month, resulting in 30,000 unemployed workers losing benefits each day starting in January, according to the National Employment Law Project. The group projects the number will rise to nearly 3 million by March.

Continue reading Millions of jobless workers still face loss of benefits in 2010

Millions of jobless workers still face loss of benefits in 2010 originally appeared on DailyFinance on Thu, 19 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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]]>american recovery and reinvestment actAmericanRecoveryAndReinvestmentActARRAbenefit paymentsBenefitPaymentsbenefitscobraCongressdepartment of laborDepartmentOfLaboremergency unemployment benefitsEmergencyUnemploymentBenefitsextended benefitsExtendedBenefitshealth insuranceHealthInsurancejobless claimsjobless ratejobless recoveryJoblessClaimsJoblessRateJoblessRecoverynational employment law projectNationalEmploymentLawProjectNelppremiumspresident obamaPresidentObamaunemploymentunemployment benefitsunemployment rateUnemploymentBenefitsUnemploymentRateDavid ScheppThu, 19 Nov 2009 12:30:00 ESTHershey, Ferrero sweet on Cadbury following failed bid by Krafthttp://www.dailyfinance.com/2009/11/18/hershey-ferrero-sweet-on-cadbury-following-failed-bid-by-kraft/http://www.dailyfinance.com/2009/11/18/hershey-ferrero-sweet-on-cadbury-following-failed-bid-by-kraft/http://www.dailyfinance.com/2009/11/18/hershey-ferrero-sweet-on-cadbury-following-failed-bid-by-kraft/#commentsFiled under: , , ,

Just when you thought Cadbury (CBY) might just gather up its creme eggs and call it quits on buyout talks, two additional suitors have stepped forward to woo the legendary British chocolate company. Hershey (HSY) and Italy's Ferrero have confirmed they are interested in bidding for Cadbury, following its rejection of Kraft Food's (KFT) $16.4 billion offer last week.

In a written statement Wednesday, Pennsylvania-based Hershey acknowledged recent media speculation regarding a potential bid for Cadbury. The company said it is reviewing its options but, "there can be no assurance that any proposal or offer from Hershey will be forthcoming."

Continue reading Hershey, Ferrero sweet on Cadbury following failed bid by Kraft

Hershey, Ferrero sweet on Cadbury following failed bid by Kraft originally appeared on DailyFinance on Wed, 18 Nov 2009 18:30:00 EST. Please see our terms for use of feeds.

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]]>cadburychocolatecocoaconfectionaryconfectionsferrero rocherFerreroRocherhersheyIn FocusInFocusjpmorganprivate equityPrivateEquitytwizzlersDavid ScheppWed, 18 Nov 2009 18:30:00 ESTMortgage delinquencies in U.S. hit record high in third quarterhttp://www.dailyfinance.com/2009/11/17/mortgage-delinquencies-in-u-s-hit-record-high-in-third-quarter/http://www.dailyfinance.com/2009/11/17/mortgage-delinquencies-in-u-s-hit-record-high-in-third-quarter/http://www.dailyfinance.com/2009/11/17/mortgage-delinquencies-in-u-s-hit-record-high-in-third-quarter/#commentsFiled under: ,

The nation's deep economic woes continue to hit U.S. homeowners hard as more of them fell behind on their mortgages in the third quarter, a report released Tuesday showed. The percentage of homeowners more than 60 days past due on their mortgage payments rose to a record 6.25% nationwide in the three months ending Sept. 30, according to credit-reporting firm TransUnion.

The rise was the 11th straight quarterly increase in the number of households delinquent on mortgage payments, TransUnion said. Being two months behind is traditionally viewed as a precursor to foreclosure as homeowners by that time find it difficult to make up overdue payments. Year-over-year, the rate was up about 58%, from slightly less than 4%.

Continue reading Mortgage delinquencies in U.S. hit record high in third quarter

Mortgage delinquencies in U.S. hit record high in third quarter originally appeared on DailyFinance on Tue, 17 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

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]]>banksben bernankeBenBernankecrediteconomistseconomyjobless recoveryjoblessnessJoblessRecoverymortgage defaultsmortgage delinquenciesmortgage lendersmortgage ratesMortgageDefaultsMortgageDelinquenciesMortgageLendersMortgageRatesmortgagespaymentstransunionunemploymentunemployment rateUnemploymentRateDavid ScheppTue, 17 Nov 2009 09:30:00 ESTTools and tips for navigating Medicare open enrollmenthttp://www.dailyfinance.com/2009/11/14/tools-and-tips-for-navigating-medicare-open-enrollment/http://www.dailyfinance.com/2009/11/14/tools-and-tips-for-navigating-medicare-open-enrollment/http://www.dailyfinance.com/2009/11/14/tools-and-tips-for-navigating-medicare-open-enrollment/#commentsFiled under: , ,

Sometimes it seems as if the raging debate about overhauling health-care insurance is filling all the airwaves. Easily lost in this din is that any reform wouldn't take affect until 2013, but Americans need to take steps today to ensure they're properly covered. For seniors enrolled in Medicare, that means reviewing prescription drug coverage, known as Part D, and so-called Advantage plans, private-insurance alternatives to the government-run plan, if they participate in such programs.

Known as open enrollment, the annual process starts Sunday, Nov. 15, and goes through Dec. 31. As in years past, health-policy experts advise older Americans to not assume that their current plan, which may have worked well this year, will be as effective (or even exist) next year. Further, an existing plan could cost more -- much more -- come January.

Continue reading Tools and tips for navigating Medicare open enrollment

Tools and tips for navigating Medicare open enrollment originally appeared on DailyFinance on Sat, 14 Nov 2009 13:00:00 EST. Please see our terms for use of feeds.

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]]>CMSconsumer reportsConsumerReportsconsumers unionConsumersUnionfamilies usaFamiliesUsahealth assistance partnershiphealth insuranceHealthAssistancePartnershipHealthInsurancein focusInFocusmedicaremedicare costsmedicareadvantageMedicareCostsmedicarepaymentsopen enrollmentOpenEnrollmentpart dPartDprescription drug coveragePrescriptionDrugCoveragesenior citizensSeniorCitizensseniorsDavid ScheppSat, 14 Nov 2009 13:00:00 ESTEyeing growth, McDonald's plans 1,000 new storeshttp://www.dailyfinance.com/2009/11/12/eyeing-growth-mcdonalds-plans-1-000-new-stores/http://www.dailyfinance.com/2009/11/12/eyeing-growth-mcdonalds-plans-1-000-new-stores/http://www.dailyfinance.com/2009/11/12/eyeing-growth-mcdonalds-plans-1-000-new-stores/#commentsFiled under: , , ,

Think the world has enough McDonald's (MCD) restaurants? Think again. The fast-food giant plans to open 1,000 new stores worldwide next year as part of plan to become an even more dominant force in the industry. The company also plans to remodel 2,300 existing stores, introduce new menu items and employ new technology to improve service.

The efforts are part of the Oak Brook, Ill., company's "Plan to Win" strategy, CEO Jim Skinner told analysts on a conference call Thursday. McDonald's, along with other value-priced retailers such as Wal-Mart Stores (WMT), has weathered the recession well, as value-seeking consumers have ditched higher cost alternatives in search for more bang for the buck. That has helped McDonald's bottom line.

Continue reading Eyeing growth, McDonald's plans 1,000 new stores

Eyeing growth, McDonald's plans 1,000 new stores originally appeared on DailyFinance on Thu, 12 Nov 2009 14:55:00 EST. Please see our terms for use of feeds.

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]]>angusasiabig macBigMacburgerscheeseburgerchinacurrencydividendsfast foodFastFoodfilet-o-fishfranchisefranchiseefrieshamburgerin focusInFocusmccafemcleanmcrib sandwichMcribSandwichronald mcdonaldRonaldMcdonaldshareholder returnsShareholderReturnsstoresDavid ScheppThu, 12 Nov 2009 14:55:00 ESTFedex, UPS upbeat on holiday shipping despite recession's hangoverhttp://www.dailyfinance.com/2009/11/11/fedex-ups-upbeat-on-holiday-shipping-despite-recessions-hangov/http://www.dailyfinance.com/2009/11/11/fedex-ups-upbeat-on-holiday-shipping-despite-recessions-hangov/http://www.dailyfinance.com/2009/11/11/fedex-ups-upbeat-on-holiday-shipping-despite-recessions-hangov/#commentsFiled under: , , ,

fedex-ups-upbeat-on-holiday-shipping-despite-recessions-hangovFedEx (FDX) and United Parcel Service (UPS) are gearing up for a busy holiday season with expectations of record-setting numbers of shipments. Their upbeat estimates fly in the face of tepid retail sales and expectations that recession-weary consumers will keep a tight rein on purchases this year.

"The consensus is flat, but I believe it will be slightly better than that," UPS CEO Scott Davis said of holiday demand. Speaking Wednesday at a meeting of Asia-Pacific corporate and political leaders in Singapore, Davis said that many of the company's retail and technology customers "are quite bullish on this Christmas season," even as others remain cautious, Reuters reported.

Continue reading Fedex, UPS upbeat on holiday shipping despite recession's hangover

Fedex, UPS upbeat on holiday shipping despite recession's hangover originally appeared on DailyFinance on Wed, 11 Nov 2009 12:40:00 EST. Please see our terms for use of feeds.

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]]>channukahchristmas evechristmas giftschristmas shoppingChristmasEveChristmasGiftsChristmasShoppingdecember salesDecemberSalesecommerceFederal ExpressFederalExpressfedexhannukahinternet retailersInternet retailingInternetRetailersInternetRetailingkwanzaaonline shoppingOnlineShoppingpackage deliveryPackageDeliveryparcel deliveryParcelDeliveryshippingthanksgivingUnited Parcel ServiceUnitedParcelServiceUPSDavid ScheppWed, 11 Nov 2009 12:40:00 ESTOil shortage? Sources charge U.S. influence inflates world's supplyhttp://www.dailyfinance.com/2009/11/10/oil-shortage-sources-charge-u-s-influence-inflates-worlds-sup/http://www.dailyfinance.com/2009/11/10/oil-shortage-sources-charge-u-s-influence-inflates-worlds-sup/http://www.dailyfinance.com/2009/11/10/oil-shortage-sources-charge-u-s-influence-inflates-worlds-sup/#commentsFiled under: , ,

Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that says figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current employee and a former staffer at the International Energy Agency, a policy adviser to 28 mostly industrialized nation that coordinates measures during oil-supply emergencies, among other tasks.

Despite forecasts that call for production to steadily rise by 2030, the world will likely instead see output decline, the U.K.-based newspaper reports, quoting an anonymous whistle-blower at the IEA. The senior official claims the U.S. has been influential in encouraging the watchdog agency to play down the rate of decline from existing oil fields while over emphasizing the chances of finding new reserves, the Guardian said.

Continue reading Oil shortage? Sources charge U.S. influence inflates world's supply

Oil shortage? Sources charge U.S. influence inflates world's supply originally appeared on DailyFinance on Tue, 10 Nov 2009 19:00:00 EST. Please see our terms for use of feeds.

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]]>crude oilcrude pricesCrudeOilCrudePricesieaIn FocusInFocusInternational energy agencyInternationalEnergyAgencynatural gasNaturalGasoiloil productionOilProductionshale gasShaleGasunited statesUnitedStatesDavid ScheppTue, 10 Nov 2009 19:00:00 ESTAmid this recession, even the burglars are out of workhttp://www.dailyfinance.com/2009/11/10/amid-this-recession-even-the-burglars-are-out-of-work/http://www.dailyfinance.com/2009/11/10/amid-this-recession-even-the-burglars-are-out-of-work/http://www.dailyfinance.com/2009/11/10/amid-this-recession-even-the-burglars-are-out-of-work/#commentsFiled under: ,

amid-this-recession-more-burglars-are-staying-home-tooConventional wisdom has it that as the economy sours, crime picks up. Faced with job losses and few other opportunities, it might be expected that an increasing number of people would turn to illegal acts, such as burglary, to make a living. Except that it's not happening -- not in this recession, anyway.

Many U.S. cities, regardless of size, are seeing fewer burglaries in this period of economic woe. In Minneapolis, the number of burglaries reported during roughly the first nine months of the year fell more than 15% compared to the same span a year ago, The Associated Press reported. Compared to 2007, the decrease is even more dramatic -- down 25%.

Continue reading Amid this recession, even the burglars are out of work

Amid this recession, even the burglars are out of work originally appeared on DailyFinance on Tue, 10 Nov 2009 17:10:00 EST. Please see our terms for use of feeds.

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]]>auroraburglariescaliforniachicagocrimecriminal justiceCriminalJusticeeconomyfbifederal bureau of investigationFederalBureauOfInvestigationhoustonillinoisjohn jay collegeJohnJayCollegelos angelesLosAngelesmanhattannew yorkNewYorknorth carolinaNorthCarolinarecessionsan joseSanJoseshelbysociologyst. louisSt.LouistheftsDavid ScheppTue, 10 Nov 2009 17:10:00 ESTEBay for the rich: New auction site helps millionaires quietly offload pricey wareshttp://www.dailyfinance.com/2009/11/10/ebay-for-the-rich-new-auction-site-helps-millionaires-quietly-o/http://www.dailyfinance.com/2009/11/10/ebay-for-the-rich-new-auction-site-helps-millionaires-quietly-o/http://www.dailyfinance.com/2009/11/10/ebay-for-the-rich-new-auction-site-helps-millionaires-quietly-o/#commentsFiled under: , ,

In another sign the economy has plumbed new depths, the rich (who, need it be said, aren't like you and me) have a new, high-tech way to unload their lavish wares -- the Internet. U.S. millionaires down on their luck and looking to offload those heirloom family jewels, or that underutilized limousine, can now turn to an online auction site exclusively for the jet set called BillionaireXchange.

The company says it already has helped sell some $180 million in assets during a 10-month test phase, and has noticed an increase in the number of distressed transactions in the U.S., Reuters reported. "I would say that in the United States market, that's probably the majority of the types of the transactions that we're seeing right now," Quintin Thompson, co-founder and executive partner of BillionaireXchange, told the news agency.

Continue reading EBay for the rich: New auction site helps millionaires quietly offload pricey wares

EBay for the rich: New auction site helps millionaires quietly offload pricey wares originally appeared on DailyFinance on Tue, 10 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

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]]>auctionbillionaireXchangelifestyles of the rich and famousLifestylesOfTheRichAndFamousonline auctionOnlineAuctionrecessionrobin leachRobinLeachDavid ScheppTue, 10 Nov 2009 10:00:00 ESTMcDonald's sees slack U.S. demand, so it's cooking up dollar breakfast dealshttp://www.dailyfinance.com/2009/11/09/mcdonalds-sees-slack-u-s-demand-so-its-cooking-up-dollar-bre/http://www.dailyfinance.com/2009/11/09/mcdonalds-sees-slack-u-s-demand-so-its-cooking-up-dollar-bre/http://www.dailyfinance.com/2009/11/09/mcdonalds-sees-slack-u-s-demand-so-its-cooking-up-dollar-bre/#commentsFiled under: , , , ,

It seems McDonald's (MCD) is more popular overseas than at home. The iconic fast-food chain reported Monday that sales at outlets open at least 13 months rose 3.3% overall last month as diners flocked to its restaurants in Europe, Asia and Africa.

In the U.S., however, customers were less enthusiastic. Domestic same-store sales for the Oakbrook, Ill., company were basically flat in October, slipping 0.1%. The slack demand in the U.S. may be a primary reason the ubiquitous burger chain plans to offer a dollar menu for breakfast items beginning in January, The Wall Street Journal (subscription required) reported.

Continue reading McDonald's sees slack U.S. demand, so it's cooking up dollar breakfast deals

McDonald's sees slack U.S. demand, so it's cooking up dollar breakfast deals originally appeared on DailyFinance on Mon, 09 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.

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]]>fast foodFastFoodmcdonMcDonaldsrestaurant stocksRestaurantStocksDavid ScheppMon, 09 Nov 2009 11:00:00 ESTJobless rate at 10.2 percent, and it's likely to stay high for months to comehttp://www.dailyfinance.com/2009/11/06/with-unemployment-at-10-2-the-rate-is-likely-to-stay-high-for/http://www.dailyfinance.com/2009/11/06/with-unemployment-at-10-2-the-rate-is-likely-to-stay-high-for/http://www.dailyfinance.com/2009/11/06/with-unemployment-at-10-2-the-rate-is-likely-to-stay-high-for/#commentsFiled under: , ,

It finally happened. After months of anticipation and trepidation, the nation's unemployment rate inched into double digits, reaching 10.2 percent in October, after employers cut 190,000 jobs last month, the Labor Department reported Friday. The increase topped analyst expectations of 175,000 lost positions and a rise in the jobless rate to 9.9 percent. But now that the 10-percent mark has been breached, what does it mean for investors, and more important, those looking for work?

Continue reading Jobless rate at 10.2 percent, and it's likely to stay high for months to come

Jobless rate at 10.2 percent, and it's likely to stay high for months to come originally appeared on DailyFinance on Fri, 06 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

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]]>challenger gray christmasChallengerGrayChristmascompaniescorporationseconomic recoveryeconomic researchEconomicRecoveryEconomicResearcheconomyemployeesemployersemploymentemploymentdatain focusInFocusjobless claimsjobless ratejobless recoveryJoblessClaimsjoblessnessJoblessRateJoblessRecoverymarist collegeMaristCollegeOctoberUnemploymentunemployment rateunemployment ratesUnemploymentRateUnemploymentRatesworkersDavid ScheppFri, 06 Nov 2009 09:00:00 ESTRelief comes to the unemployed and to homebuyershttp://www.dailyfinance.com/2009/11/05/congress-extends-jobless-benefits-boosts-home-buyer-credit/http://www.dailyfinance.com/2009/11/05/congress-extends-jobless-benefits-boosts-home-buyer-credit/http://www.dailyfinance.com/2009/11/05/congress-extends-jobless-benefits-boosts-home-buyer-credit/#commentsFiled under: ,

Unemployed workers facing the loss of their benefits have a little less to worry about. On Thursday, a bill passed by lawmakers in the House of Representatives allowed for an extension of those benefits. The legislation also expands an $8,000 first-time home buyer tax credit and gives business owners affected by the economic downturn a tax credit.

The measure passed the House by an overwhelming margin -- 403-12 -- and now goes to President Barack Obama to sign, which he has said he would do as early as Friday. The Senate passed the bill 98-0 on Wednesday. It extends a lifeline to jobless Americans who would otherwise see unemployment benefits disappear starting next month.

Continue reading Relief comes to the unemployed and to homebuyers

Relief comes to the unemployed and to homebuyers originally appeared on DailyFinance on Thu, 05 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

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]]>companycorporationemployeesemployersjobjobless claimsjobless ratejobless recoveryJoblessClaimsjoblessnessJoblessRateJoblessRecoveryunemploymentunemployment benefitsunemployment ratesUnemploymentBenefitsUnemploymentRatesworkersworkplaceDavid ScheppThu, 05 Nov 2009 17:00:00 ESTKellogg says snap, crackle, stop, pulls immunity claims from Rice Krispieshttp://www.dailyfinance.com/2009/11/05/kellogg-says-snap-crackle-stop-pulls-immunity-claims-from-ric/http://www.dailyfinance.com/2009/11/05/kellogg-says-snap-crackle-stop-pulls-immunity-claims-from-ric/http://www.dailyfinance.com/2009/11/05/kellogg-says-snap-crackle-stop-pulls-immunity-claims-from-ric/#commentsFiled under: , ,

Fears about the spread of swine flu have claimed an unusual victim: food packaging. Kellogg Co. (K) said it is pulling labels from its Rice Krispies and Cocoa Krispies cereals that make claims about boosting children's health.

The cereal giant began adding antioxidants to the Krispies cereals last year, as a response to "parents indicating their desire for more positive nutrition in kids' cereal," the company said in statement. Labels on the cereals' boxes read "Now Helps Support Your Child's Immunity." The nutrients have been shown in studies to boost immune-system health.

Continue reading Kellogg says snap, crackle, stop, pulls immunity claims from Rice Krispies

Kellogg says snap, crackle, stop, pulls immunity claims from Rice Krispies originally appeared on DailyFinance on Thu, 05 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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]]>antioxidantsbreakfastcerealcheeriosclaimscocoa krispiesCocoaKrispiesgeneral millsGeneralMillsgrainshealthHealthyEatingkellogg companyKelloggCompanykelloggspopcornraisin branRaisinBranrefined grainsRefinedGrainsrice krispiesRiceKrispiesspecial kSpecialKwhole grainsWholeGrainsDavid ScheppThu, 05 Nov 2009 12:30:00 ESTChrysler to sell new Fiat designs under Dodge nameplatehttp://www.dailyfinance.com/2009/11/04/chrysler-to-sell-new-fiat-designs-under-dodge-nameplate/http://www.dailyfinance.com/2009/11/04/chrysler-to-sell-new-fiat-designs-under-dodge-nameplate/http://www.dailyfinance.com/2009/11/04/chrysler-to-sell-new-fiat-designs-under-dodge-nameplate/#commentsFiled under: , , ,

Chrysler Group LLC plans to introduce three new Dodge brand cars, and possibly a midsized truck as part of a larger plan to rejuvenate the brand and sell more vehicles. The beleaguered automaker also said its finances are improving, reporting it broke even in September and had $5.7 billion in cash on hand. That's up from $4 billion in June, the month in which the company exited bankruptcy protection following a deal with Fiat (FIATY) which gave the Italian automaker a controlling stake in Chrysler.

The three new cars -- a subcompact, a compact sedan and a midsized sedan -- are Fiat designs, the New York Times reported, citing advance copies of presentations given to reporters. The presentations are part of a daylong meeting Chrysler is holding Wednesday at its headquarters in Auburn Hills, Mich., to lay out its five-year plan to reorganize and once again become profitable.

Continue reading Chrysler to sell new Fiat designs under Dodge nameplate

Chrysler to sell new Fiat designs under Dodge nameplate originally appeared on DailyFinance on Wed, 04 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

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]]>avengerbankruptcycarschapter 11Chapter11chryslerdakotadodgefiatmodelsnewsebringTarpMoneyDavid ScheppWed, 04 Nov 2009 16:00:00 ESTBank of America's next chief could be based in the Big Applehttp://www.dailyfinance.com/2009/11/03/bank-of-americas-next-chief-could-be-based-in-the-big-apple/http://www.dailyfinance.com/2009/11/03/bank-of-americas-next-chief-could-be-based-in-the-big-apple/http://www.dailyfinance.com/2009/11/03/bank-of-americas-next-chief-could-be-based-in-the-big-apple/#commentsFiled under: , , , ,

Still reeling from jobs losses following Wells Fargo & Co.'s (WFC) purchase last year of ailing banking giant Wachovia, the city of Charlotte, N.C., could lose at least one other high-profile banker's job -- the chief executive's post at Bank of America Corp. (BAC). Having difficulty finding a replacement for embroiled CEO Kenneth Lewis, who will resign at the end of the year, BofA's board is broadening its candidate search by looking north -- to the Big Apple -- where the new CEO could be based.

BofA's board is concerned the pool of talent willing to move to the Southern city is too shallow, Bloomberg News reported, citing anonymous sources. Moving the search north is also acknowledgment that BofA's biggest units are no longer based in Charlotte, the news agency said, referring to the bank's hasty purchase last year of New York City-based investment bank Merrill Lynch & Co.

Continue reading Bank of America's next chief could be based in the Big Apple

Bank of America's next chief could be based in the Big Apple originally appeared on DailyFinance on Tue, 03 Nov 2009 09:15:00 EST. Please see our terms for use of feeds.

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]]>bank of americaBankOfAmericacharlottefinancial crisisFinancialCrisiswachoviawells fargoWellsFargoDavid ScheppTue, 03 Nov 2009 09:15:00 ESTAnother wicked October takes its toll on investor confidencehttp://www.dailyfinance.com/2009/10/30/another-wicked-october-takes-its-toll-on-investor-confidence/http://www.dailyfinance.com/2009/10/30/another-wicked-october-takes-its-toll-on-investor-confidence/http://www.dailyfinance.com/2009/10/30/another-wicked-october-takes-its-toll-on-investor-confidence/#commentsFiled under: , , , , ,

Slipping consumer confidence sent U.S. stocks tumbling Friday, nearly ending a six-month-long sprint that saw major indexes climb steadily and dramatically in the face of recession. The drop, on the last trading day of a wildly volatile October, capped a month of stock-price swings that whipsawed investors as the markets raced between wins and losses in response to positive then negative economic news.

Friday's sell-off was spurred by a disappointing Commerce Department report showing a 0.5 percent drop in consumer spending last month. The bad news was further bolstered by a University of Michigan survey that showed Americans were less optimistic about the economy in October than in the previous month. Stocks reacted dramatically, erasing all gains made Thursday, when markets rallied in response to a strong third-quarter GDP report.

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Another wicked October takes its toll on investor confidence originally appeared on DailyFinance on Fri, 30 Oct 2009 16:30:00 EST. Please see our terms for use of feeds.

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]]>black fridayblack mondayBlackFridayBlackMondaycarl icahnCarlIcahncnbcconsumersdow jones industrialDowJonesIndustrialinvestinginvestorss and p 500SAndP500selloffsentimentshoppingstockswall streetWallStreetDavid ScheppFri, 30 Oct 2009 16:30:00 ESTWho owns your home? Lost paper trail allows borrower to keep her househttp://www.dailyfinance.com/2009/10/27/who-owns-your-home-lost-paper-trail-allows-borrower-to-keep-her/http://www.dailyfinance.com/2009/10/27/who-owns-your-home-lost-paper-trail-allows-borrower-to-keep-her/http://www.dailyfinance.com/2009/10/27/who-owns-your-home-lost-paper-trail-allows-borrower-to-keep-her/#commentsFiled under: ,

Those complex financial instruments known as mortgage-backed securities, which famously caused so much damage in the banking sector and the nation's economy when the housing bubble burst, are causing another problem for some mortgage lenders: the inability to prove that they have a legitimate claim to homes entering foreclosure.

This little problem led to a curious scene in White Plains, N.Y., federal court earlier this month when Judge Robert D. Drain eliminated more than $460,000 in mortgage debt on a delinquent borrower's property after PHH Mortgage failed to prove its claim to the property, as reported by The New York Times. In essence, the judge's ruling made the mortgage disappear.

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Who owns your home? Lost paper trail allows borrower to keep her house originally appeared on DailyFinance on Tue, 27 Oct 2009 16:15:00 EST. Please see our terms for use of feeds.

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]]>federal court rulingsFederalCourtRulingshousing bubbleHousingBubblein focusInFocusmortgage backed securitiesmortgage lendersMortgage World Bankers IncMortgageBackedSecuritiesMortgageLendersMortgageWorldBankersIncPHH MortgagePhhMortgageWells Fargo BankWellsFargoBankWFCDavid ScheppTue, 27 Oct 2009 16:15:00 ESTStill deep in debt, but consumers are feeling a bit less stressedhttp://www.dailyfinance.com/2009/10/27/still-deep-in-debt-but-consumers-are-feeling-a-bit-less-stresse/http://www.dailyfinance.com/2009/10/27/still-deep-in-debt-but-consumers-are-feeling-a-bit-less-stresse/http://www.dailyfinance.com/2009/10/27/still-deep-in-debt-but-consumers-are-feeling-a-bit-less-stresse/#commentsFiled under: ,

If you think Americans are more uptight than ever about the state of their finances, think again. A new poll shows consumers are less stressed about credit cards, mortgages, home equity loans, car and student loans and other sources of debt.

The Consumer Debt Stress Index, calculated by Ohio State's Center for Human Resource Research, fell 10 percent last month, after hitting record highs during the summer. "Reports on the economy have become more encouraging, with the retail and housing sectors showing renewed signs of life," said Lucia Dunn, professor of economics at Ohio State University and one of the leaders of the study.

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Still deep in debt, but consumers are feeling a bit less stressed originally appeared on DailyFinance on Tue, 27 Oct 2009 08:30:00 EST. Please see our terms for use of feeds.

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]]>consumer sentimentconsumer spendingConsumerSentimentConsumerSpendingin focusInFocusohio state universityOhioStateUniversityrecessionrecoveryDavid ScheppTue, 27 Oct 2009 08:30:00 EST