KKCO - Money

New: New Jobless Claims Fall More Than Expected to 646K
Last Updated: 7:36 AM 03/19/09 - New jobless claims fell more than expected last week, but continuing claims set a new record for the eighth straight week and few economists expect the labor market to improve anytime soon.
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New: Obama Calls on Americans to Support Budget
Last Updated: 8:06 AM 03/18/09 - In a new Web video, President Barack Obama is asking Americans to help him pass his $3.6 trillion budget.
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New: US Current Account Deficit Falls Sharply in 2008
Last Updated: 7:43 AM 03/18/09 - The government says the deficit in the broadest measure of U.S. trade fell sharply in 2008 for the second consecutive year due to an increased surplus in services trade.
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Update: Consumer Prices Rise 0.4 Percent in February
Last Updated: 7:33 AM 03/18/09 - Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.
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Frank Says Statute Enabling AIG Aid Must be Redone
Last Updated: 7:28 AM 03/18/09 - Rep. Barney Frank says Congress should rewrite a depression-era law that the Federal Reserve used to give American International Group its initial government bailout.
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Lawmakers Assail Bonuses Paid to Executives at AIG
Last Updated: 7:32 AM 03/16/09 - Lawmakers are heaping criticism on insurance giant AIG, after learning the bailed-out company has been passing out millions of dollars in executive bonuses.
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Colorado Feb. Tax Collections Are Below Forecasts
Last Updated: 8:57 AM 03/14/09 - Figures from the Colorado Department of Revenue show tax receipts in February were lower than state forecasters expected.
Obama to Get Report on Stimulus Plan from Volcker
Last Updated: 8:16 AM 03/13/09 - President Barack Obama is getting an update on the nation's economy from former Federal Reserve Chairman Paul Volcker.
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New: Switzerland Breaks with Tradition on Tax Evasion
Last Updated: 8:05 AM 03/13/09 - The Swiss government says it will cooperate on cases of international tax evasion, breaking with a long-standing tradition.
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New: Trade Deficit Falls to $36 Billion in January
Last Updated: 7:58 AM 03/13/09 - The government says the U.S. Trade deficit plunged in January to the lowest level in six years as a deepening recession cut demand for imported goods.
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Update: Stock Futures Extend Gains After Trade Data
Last Updated: 7:52 AM 03/13/09 - Stock futures are extending their gains after a government report showed a better-than-expected improvement in the U.S. trade deficit.
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Money in Stimulus For Colorado Families to "Go Green"
Last Updated: 12:28 PM 03/12/09 - Colorado families will receive nearly $130 million to make their homes more energy efficient as part of the American Recovery and Reinvestment Act.
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Madoff Denied Bail, Could Face 150 Years Behind Bars
Last Updated: 12:54 PM 03/12/09 - Bernard Madoff has been ordered to jail after pleading guilty to an epic financial fraud scheme.
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Madoff at Courthouse
Last Updated: 7:55 AM 03/12/09 - Accused financier Bernard Madoff has arrived at court where he is expected to plead guilty to swindling billions of dollars in one of the largest investment schemes in U.S. history.
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New: Retail Sales Dip 0.1 Percent in January
Last Updated: 7:49 AM 03/12/09 - The government says retail sales fell in February for the seventh time in the past eight months. While the decline was less than expected, economists are still looking for continued weakness given the battering households are taking from a prolonged recession.
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Kuwait: OPEC Expected to Cut Production
Last Updated: 8:16 AM 03/11/09 - A senior Kuwaiti official says OPEC is likely to announce a production cut during its meeting Sunday in Vienna.
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Prez Adviser: Gov't Not Overwhelmed by Bad Economy
Last Updated: 8:10 AM 03/11/09 - A key economics adviser to President Barack Obama says the administration is moving methodically to restore American business health and denies that it's juggling too many things at once.
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Madoff to Appear in Court Today
Last Updated: 9:06 AM 03/10/09 - Bernard Madoff was likely to speak in court in an attempt to clear his lawyer of any potential conflicts of interest.
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Pandit: Citi Operating at Profit through February
Last Updated: 7:50 AM 03/10/09 - Citigroup CEO Vikram Pandit says the embattled bank has been operating at a profit through the first two months of the year.
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New: Bernanke Says Regulatory Overhaul Needed
Last Updated: 7:43 AM 03/10/09 - Federal Reserve Chairman Ben Bernanke says the nation's financial regulatory system needs to be overhauled to strengthen oversight of banks, mutual funds and large financial institutions whose collapse would put the entire economy in peril.
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Credit Card Delinquencies Decline in 4th Quarter
Last Updated: 8:06 AM 03/09/09 - A sign that Americans are managing their credit better as the recession deepens.
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Warren Buffett Says Economy Fell Off a Cliff
Last Updated: 8:00 AM 03/09/09 - Billionaire Warren Buffett says the economy has “fallen off a cliff” over the past six months and consumers have changed their habits in remarkable ways.
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FDIC Has Funds but Would Like 'Bigger Cushion'
Last Updated: 7:49 AM 03/09/09 - The head of the agency that insures bank deposits says it has plenty of money to cover any failures but it would like “a bigger cushion.”
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Stocks Set to Open Lower after Merck Deal
Last Updated: 7:41 AM 03/09/09 - Stock futures are pointing lower after drugmakers Merck and Schering-Plough announced a $41 billion cash-and-stock deal.
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How Long Will Americans Wait For Economic Change?
Last Updated: 8:14 AM 03/06/09 - A steady cascade of bad economic news is prompting some people to wonder how long it will last, and how patient Americans will be with the Obama administration.
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New: Bailout Monitor Welcomes Mortgage Bankruptcy Plan
Last Updated: 8:06 AM 03/06/09 - The head of a panel overseeing bailout money is giving high marks to legislation that would let debt-strapped homeowners seek reduced mortgage payments by filing for bankruptcy.
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Update: Jobless Rate Bolts to 8.1 Percent
Last Updated: 7:29 AM 03/06/09 - The government says the nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.
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DOW Down: 12 Year Low
Last Updated: 5:31 PM 03/05/09 - Stocks have been plunging on Wall Street, driven by worries about then Nation's big banks and General Motors.
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Update: Stocks Set to Drop after Jobless Claims Data
Last Updated: 7:51 AM 03/05/09 - Wall Street is set to resume its decline even as the government reported a bigger-than-expected drop in jobless claims.
Retailers Report Sales Declines in February
Last Updated: 7:45 AM 03/05/09 - Retailers are reporting sales declines for February, as shoppers remain tightfisted amid plunging stock portfolios and massive job cuts.
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New: Productivity Falls While Wage Pressures Increase
Last Updated: 7:40 AM 03/05/09 - The government says the deepening recession caused worker productivity to slide by a worse-than-expected amount in the fourth quarter while wage pressures shot up at the fastest clip in two years.
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New: 639,000 New Jobless Claims
Last Updated: 7:32 AM 03/05/09 - The number of new jobless claims and the total number of people receiving unemployment benefits both dropped unexpectedly last week, though they remain at elevated levels.
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New: Obama Administration Launches Housing Plan
Last Updated: 7:54 AM 03/04/09 - The Obama Administration is kicking off a new program designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.
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Obama Budget Director Urges Patience with Recovery
Last Updated: 7:48 AM 03/04/09 - President Barack Obama's budget director says the administration inherited “a big mess” economically, and the public is going to have to be patient as a rescue plan goes forward.
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Stocks Expected to Rebound
Last Updated: 8:44 AM 03/03/09 - Wall Street appears headed for a modest rebound after yesterday's drubbing.
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Obama Sends Top Aides to Capitol to Defend Budget
Last Updated: 8:29 AM 03/03/09 - President Barack Obama is dispatching his Treasury Secretary and Budget Director to Capitol Hill to defend the tax increases and spending plans in his proposed budget for 2010.
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Citigroup to Lower Some Mortgage Payments
Last Updated: 8:24 AM 03/03/09 - Struggling bank Citigroup says it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.
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Madoff Files to Keep Apartment, $62 Million in Assets
Last Updated: 4:24 PM 03/02/09 - Bernard Madoff and his wife claim they are entitled to keep a $7 million Manhattan apartment and an additional $62 million in assets.
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AIG Posts $61.7b Loss, Bailout is Restructured
Last Updated: 8:07 AM 03/02/09 - The government is extending additional aid to American International Group.
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World Stocks Fall on US Economic Slump, Bank Woes
Last Updated: 7:55 AM 03/02/09 - Global markets have tumbled after having the weekend to digest Washington's grim report on the state of the U.S. economy late last year.
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Wall Street Heads for Another Big Drop
Last Updated: 7:47 AM 03/02/09 - Wall Street appears headed for another big drop even as the government reported gains in personal income and spending.
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Consumer Spending Rises in Jan., Unlikely to Last
Last Updated: 7:36 AM 03/02/09 - Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items. But the increase is expected to be fleeting given all the problems facing the economy.
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Consumer Confidence Plummets to New Low in Feb.
Last Updated: 10:57 AM 02/24/09 - Americans' already battered confidence in the economy has sunk to new lows.
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Major Stock Market Indexes Fall to 1997 Levels
Last Updated: 3:39 PM 02/23/09 - The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors' rapidly waning confidence.
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New Budget Blueprint
Last Updated: 8:13 AM 02/23/09 - President Barack Obama's top numbers man says he expects the new budget blueprint that the administration will release later this week will win some republican support.
Shoring Up The Struggling Banking System
Last Updated: 8:15 AM 02/23/09 - Federal regulators are pledging to do all they can to shore up the struggling banking system and plan to launch a revamped program to inject capital into financial institutions on Wednesday. shore up the struggling banking system.
Colorado Symphony Musicians, Staff Agree to Cuts
Last Updated: 7:54 AM 02/23/09 - The Colorado Symphony Orchestra's 79 full-time musicians have agreed to a one-week unpaid vacation in March.
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New: Obama Aide Outlines Stimulus Requirements
Last Updated: 10:17 AM 02/20/09 - The stimulus money is coming, but who will keep track of how it’s used?
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New: Lahood Eyes Taxing Miles Driven
Last Updated: 10:13 AM 02/20/09 - The Obama administration’s new Transportation Secretary is floating the idea of a tax on motorists based on how many miles they travel, not how much gas they use.
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New: SEC Searches for Investors’ Billions
Last Updated: 9:27 AM 02/20/09 - Federal regulators are searching the globe for the billions of dollars investors have entrusted to R. Allen Stanford.
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