Archive for May 12th, 2008

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Retail gasoline prices increased for the sixth straight day and hit their fifth consecutive record, auto group AAA's Web site showed Monday.

A congressional proposal to have the government help homeowners refinance mortgages they can no longer afford will only help a small fraction of those who are at risk of losing their homes.

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There are different kinds of investors in the world. One kind is a long-term patient type who runs mutual funds for the average Joe. A second is a risk arbitrageur - known on Wall Street as an "arb" - who speculates on pending deals. When a proposed takeover surfaces and the target's stock price runs up, Mr. Patience tends to sell to the arbs, happy to take his profit and letting the arbs bear the risk of whether the deal gets done and at what price.

Stocks rallied Monday afternoon as investors shrugged off a profit warning from FedEx and other potentially upsetting corporate news, and opted to scoop up select technology and financial shares.

There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market.

Selling a home is a lot trickier than it used to be - here's how to be smart about pricing, presentation and incentives.

The record-high price of gasoline is putting a strain on American motorists - and spurring some to shift their habits. Here are their stories.

Bear Stearns may have been deemed to big to fail. But ANB Financial, a small bank in Arkansas, wasn't. And we might need to brace for even more bank shutdowns.