Lenox Financial News

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.

Here come the California IOUs.

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.

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.

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?

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.

Never mind the headlines -- for some fireworks companies, there's no slump.

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.

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

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