Lenox Financial News

Seven banks fail, pushing 2009 tally to 52

Thursday, July 2nd, 2009
Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.

Cash-poor California turns to IOUs

Thursday, July 2nd, 2009
Here come the California IOUs.

Jobs report crushes stocks

Thursday, July 2nd, 2009
Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.

Bank vaults slammed shut to small businesses

Thursday, July 2nd, 2009
Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration's flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in.

Health reform: Will companies flee?

Thursday, July 2nd, 2009
It is one of the touchiest issues in the health care debate: Would a government-run health plan upend the employer-based health insurance system used by 160 million Americans?

Stimulus: The cost of high-speed rail

Thursday, July 2nd, 2009
President Obama is pouring $13 billion into an ambitious high-speed rail project. Some say it will never make money. Some say it will. And still others say profit is not even the point.

Sparks still fly in a recession

Thursday, July 2nd, 2009
Never mind the headlines -- for some fireworks companies, there's no slump.

BlackBerrys to Bing: Where tech is headed next

Thursday, July 2nd, 2009
Tech competition is heating up: Google vs. Microsoft! Microsoft vs. Apple! Apple vs. Palm! Here's how the second half of '09 is shaping up.

Oil’s record high, one year later

Thursday, July 2nd, 2009
One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel

FDIC’s tough terms for buyers of failed banks

Thursday, July 2nd, 2009
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