Archive for July 8th, 2008

Alcoa beats the Street

Tuesday, July 8th, 2008
Aluminum producer Alcoa Inc. announced profits and sales that topped Wall Street's forecasts as higher prices offset increasing commodity costs.

Google’s virtual reality site

Tuesday, July 8th, 2008
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iPhone debuts in Mexico at half U.S. price

Tuesday, July 8th, 2008
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U.S. sees 9.8% spike in ‘09 electric bills

Tuesday, July 8th, 2008
Americans may face dramatically higher electric bills next year, according to a government report released Tuesday.

A minefield for recovery

Tuesday, July 8th, 2008
The plunging stock prices of mortgage finance giants Fannie Mae and Freddie Mac could make the recovery for the housing market and the overall economy much more difficult, analysts say.

Obama and McCain: Where they stand

Tuesday, July 8th, 2008
A CNNMoney.com interactive feature explains the issues that affect you and your money. Taxes. Social Security. Health care. And much more.

Paulson: Many foreclosures can’t be helped

Tuesday, July 8th, 2008
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Ambac soars 50% on collateral posting

Tuesday, July 8th, 2008
Shares of Ambac Financial soared by nearly 50% Tuesday after the bond insurer said it had ample collateral despite downgrades from credit raters.

SEC blows whistle on bond raters

Tuesday, July 8th, 2008
Government officials said Tuesday that the country's three largest credit raters failed in their reviews of subprime mortgage-backed securities.

Fannie, Freddie: A minefield for recovery

Tuesday, July 8th, 2008
The plunging stock prices of mortgage finance giants Fannie Mae and Freddie Mac could make the recovery for the housing market and the overall economy much more difficult, analysts say.