Archive for October, 2012:

U.S. sues Bank of America for mortgage fraud

Date: Oct 24 2012
U.S. Attorney Preet Bharara says Countrywide, which was bought by BofA, generated thousands of fraudulent loans. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/ktAbYaHQDHE/ Read More »

Facebook shares soar on earnings, mobile gains

Date: Oct 24 2012
Big question is how stock's latest jump will affect employees who have first shot at selling IPO shares soon. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/3SNZt-LWfDY/ Read More »

New-home sales jump 5.7% in September

Date: Oct 24 2012
Sales were at the highest annual rate since April 2010, when a tax credit boosted sales. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/DArxRZiAwYY/ Read More »

FarmVille Maker Zynga Closes the Barn Door Too Late on Escaping Money

Date: Oct 24 2012
Filed under: Technology, Media, Facebook, Entertainment Zynga (ZNGA) hit investors with bad news from both sides on Tuesday. First it was a grim memo announcing that the social gaming leader would be laying off 5% of its employees, closing down an office, ...Read More »

How IRS’ New Tool to Thwart Tax Cheats Also Helps FEMA Respond Faster

Date: Oct 24 2012
Filed under: Government Internal Revenue Service Commissioner Douglas Shulman (center) testifies before the Senate Homeland Security and Governmental Affairs Committee The IRS, FEMA and a growing number of other federal agencies are turning the art of analytics into an increasingly powerful workplace ...Read More »

How Kenny Golde Talked His Way Out of $220,000 of Debt

Date: Oct 24 2012
By Mandi Woodruff In 2005, indie film screenwriter Kenny Golde's finances were in nothing short of mint condition. "I had less than $10,000 in credit card debt, more than $100,000 in unused lines of credit, a FICO score over 800, and about ...Read More »

U.S. could surpass Saudi oil output by 2020

Date: Oct 24 2012
High oil prices and new production methods are driving biggest increase in output since 1951. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/hg-5HdCEMQw/ Read More »

Stocks looking up after report from China

Date: Oct 24 2012
Healthy earnings report from Boeing helped, too. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/kTWAxEnzzP0/ Read More »

Expectations low for major Fed move

Date: Oct 24 2012
Fed is expected to say it wants to wait and see if its latest moves help boost the economy. http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/2zRxP3j_t1A/ Read More »

Wall Street Watch Wednesday: Netflix Needs More Eyes on the Prize

Date: Oct 24 2012
Filed under: Netflix, Facebook, Stocks in the News, Market NewsNetflix (NFLX) is having a hard time keeping up with its past. Shares of the video service provider tumbled on Tuesday night after posting disappointing domestic subscriber numbers in its latest ...Read More »