All Economy
Chevy Volt: GM's loss leader under new scrutinyThe Chevy Volt is losing money for GM two years after its debut. But initial losses on investments in new auto technology are typical, and the Chevy Volt may offer GM an environmentally responsible 'halo effect.'
UBS whistleblower: IRS pays tax cheat informant $104MUBS whistleblower Bradley Birkenfeld was awarded $104 million by the Internal Revenue Service for providing information about overseas tax cheats. The UBS whistleblower is credited with exposing widespread tax evasion at the Swiss bank and was jailed after cooperating with authorities.
In defense of the Chevy Volt: How much does it really cost GM?Reuters reported Monday that the Chevy Volt costs GM up to $49,000 per unit. Now some are disputing the figure, saying that it doesn't reflect the cost of each Volt over the entire production run.
Living below your meansWe sacrifice too much in pursuit of financial success, Hamm argues. Sometimes more money means more problems.
Fannie Mae delinquencies down in JulyAll measures of single family delinquency continued to decline in July, according to the latest Fannie Mae Monthly Summary.
How to find the best rates on home and auto insuranceComparing quotes for homeowners and automobile insurance can easily save you as much as 50% on your annual premiums, Hamm writes.
9/11 museum construction will resume; cost dispute resolved9/11 museum will resume construction after a cost dispute was resolved between the foundation that controls the museum and the Port Authority of New York and New Jersey. The 9/11 museum is designed to extend seven levels underground and will include artifacts from the day of the attacks,
Chevy Volt: GM's green-guzzling green car?Despite the Volt's popularity, the electric car could be costing GM $49,000 for each Volt it makes, Reuters reports.
City workers fly under red-light radarWhen municipal employees in Rochester, N.Y., get ticketed by the city's red-light cameras, they simply don't pay for their mistakes.
Bad news from China sends stocks slidingAfter last week's stock market rally, the Dow fell 52 points to close at 13,254 on Monday. Investors hope potential new stimulus funding will send stock prices bouncing back.
Stick to liability insurance for very old vehiclesIf you鈥檙e driving an old car that will have to be replaced in the future it's time to take a serious look at your auto insurance. Hamm explains that anything beyond liability insurance may be too much for your old car.
Hewlett-Packard to dump 2,000 more workersHewlett-Packard will cut 2,000 more jobs than it had previously announced, bringing the total up to 29,000 by October 2014. The Hewlett-Packard layoffs may be a sign that the slumping personal computer market will weaken even further.- Good for business? Why corporate lawyers give bad marks to Chicago, L.A.The US Chamber of Commerce surveyed 1,125 top lawyers at major corporations, who said Chicago and Los Angeles have the least fair litigation environments for businesses in the US.
Is there a real estate bubble growing in Hong Kong?In June, the price of residential properties in Hong Kong increased 1.18% since May and climbed 6.64% above the level seen in June 2011. Prices continue to rise each month, according to new data from the University of Hong Kong.
The importance of long-term insuranceLong-term disability insurance and long-term care insurance are worth the cost, Hamm writes. Professionals whose income supports their family should especially consider obtaining long-term disability insurance and long-term care insurance.
The 'heart of our economic dilemma': getting American consumers to spend againThe middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
Plug-in profit woes: Chevy losing $49K per Volt modelChevy is losing up to $49,000 on every Volt model it builds, two years after the popular plug-in hybrid's launch. Cheap leases and high sales figures may have pushed the Chevy Volt deficit even higher over the summer.
US unemployment is worse than the headlines sayThe United States publishes two employment numbers: one based on a survey of employers ("the payroll survey") and one based on a survey of households. The household survey gets more ink, but its proven itself unreliable.
AIG stock, $18B, to be auctioned by US Treasury DepartmentAIG stock owned by the US Treasury Department will be mostly unloaded, decreasing the Treasury Department's share to below majority stake. The $18 billion sale of AIG shares is the latest step to recoup taxpayer money spent on the bailout.
Can filing taxes connect low-income families to bank services?A new Urban Institute study finds that households with annual income under $35,000 may benefit from having their tax refunds paid directly to a prepaid card account.
