Finance, Investments, Insurance
Subdued economy dampens stocks
NEW YORK — Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar. (Updated: 11/20/09 6:50 AM )
AES to air financial risks
AES Corp., which operates a coal-fired power plant in the Town of Somerset, has agreed to disclose information about the financial risks involved with the production of pollution that could cause global warming. (Updated: 11/20/09 6:50 AM )
Foreclosures to persist
WASHINGTON(AP)—The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery. (Updated: 11/20/09 6:50 AM )
30-year mortgage rate stays below 5% mark
McLEAN, Va. (AP)—Rates on 30- year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday. (Updated: 11/20/09 6:50 AM )
JetBlue running sale
NEW YORK (AP)—JetBlue is running a one-day sale on international and domestic flights with fares between $29 and $129 each way. (Updated: 11/20/09 6:50 AM )
New worries send stocks lower
NEW YORK — Disappointing forecasts from technology companies and an unexpected drop in home construction added to worries about the economy and sent stocks modestly lower. (Updated: 11/19/09 7:07 AM )
Independent Health ranks well
U. S. News & World Report has released its annual rankings of health insurance plans, including the three major insurers in Western New York. (Updated: 11/19/09 7:07 AM )
Termini bid disrupts Buffalo Place board
Tensions erupted over the downtown Buffalo commercial real estate market Wednesday, as several developers complained bitterly about some projects seeking government assistance while others struggle to fill excess office space. (Updated: 11/19/09 9:06 AM )
Stock indexes post modest gains
NEW YORK (AP)—Stocks finished an erratic session mixed Tuesday as higher commodity prices lifted energy and materials shares. (Updated: 11/18/09 7:28 AM )
Lux redux
High-end retailers could be in a good position for a recovery once the economy improves, says a Goldman Sachs analyst. (Updated: 11/18/09 7:28 AM )
Production decline slows recovery
WASHINGTON — A decline in factory production in October signals that consumers and businesses remain cautious in their spending, with the economic recovery likely to be sluggish. (Updated: 11/18/09 7:28 AM )
Government creates new task force against fraud
WASHINGTON — The Obama administration announced a governmentwide task force to combat financial fraud after the U. S. recession led to an increase in economic crimes. (Updated: 11/18/09 7:28 AM )
Amnesty pulls in taxpayers with offshore bank accounts
MIAMI (AP)—More than 14,700 U. S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Revenue Service program allowing most to avoid criminal prosecution as long as they pay what they owe, IRS officials said Tuesday. (Updated: 11/18/09 7:28 AM )
GM 3rd-quarter loss drops to $1.2 billion
DETROIT — General Motors, its river of red ink stemmed by a trip through bankruptcy
court, reported a narrower quarterly loss and said it would start repaying billions of dollars
in government loans that helped keep it alive. (Updated: 11/16/09 11:40 PM )
Retail gains help drive stocks upward
NEW YORK — Investors kept the stock market’s upward momentum going Monday, sending shares sharply higher after retail sales rebounded more than expected in October and the dollar extended its slide. (Updated: 11/17/09 6:48 AM )