Archive for February, 2009

Buyer beware at liquidation sales

Shoppers hoping for deep discounts and bargain-basement prices as Fortunoff begins its liquidation sale today should keep their hopes in check. (30 mins ago)

Housing proposal details emerge

Against a backdrop of record-low new- home sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $75 billion foreclosure-prevention program next week. (26 mins ago)

Buyer beware at liquidation sales

Shoppers hoping for deep discounts and bargain-basement prices as Fortunoff begins its liquidation sale today should keep their hopes in check. (23 mins ago)

Bank credit edges up, but some predict borrowing to contract more

Bank credit edges up, but some predict borrowing to contract more (52 mins ago)

Television – Business

An update of the markets with David Boyce of ASB Securities. (58 mins ago)

Consumers’ thrift brings new worries

With prices for clothes, cars, homes and other items falling, deflation worries have replaced the inflation fears of last summer. (4 mins to go)

Woman faces fraud charges in investment scheme

An Indianapolis woman who was selling unregistered securities was arrested on fraud charges after a state government investigation. Wanda T. Robertson, 66, was arrested Friday on charges of securities fraud, unlawful sale of securities and broker registration fraud. She was being held on $72,000 bond at the Johnson County Jail. (39 mins ago)

Citi replaces cards

Citigroup has started sending replacement credit cards to its customers, apparently in response to a massive security breach at a payment processing company. (8 mins ago)

Community copes with struggling economy

People hit hard by the struggling economy may express a wide variety of emotions, from feelings of worry and sadness to anger and frustration. For Frisco residents Ryan and Melissa Yates, the economic situation has forced them to embrace a need vs. want? lifestyle. (3 mins to go)

Wal-Mart 4Q earnings better than expected

Wal-Mart Stores Inc. said it’s still pulling shoppers away from its main rivals and enjoying a rise in customer traffic as the world’s largest retailer released better-than-expected fourth-quarter earnings Tuesday. Shares of Wal-Mart rose more than 3 percent while the Dow Jones Industrials dropped more than 3 percent as investors grew more wary about the government’s stimulus plan. (15 secs ago)