AP – The first Atlantic hurricane of the year grew to a powerful Category 2 storm as it neared Mexico’s Gulf coast and south Texas on Wednesday, whipping up high waves that frustrated oil-spill cleanup efforts and delivering tar balls and globs of crude onto already soiled beaches.
30 Jun
Posted in Uncategorized on 30.06.10
U.S. News & World Report – There are scads of online tools that ask you key questions about your retirement goals and then provide you a dollar figure for how much money you need to be setting aside to reach those goals. And that’s all they do. The rest is up to you. Mint.com, a 3-year-old personal finance site that was bought late last year by Intuit, has just launched a new series of planning tools called Mint Goals that can follow your spending, income, investment, and retirement plans in real time, and provide informed advice on how you should proceed. …
AP – A former top executive of American International Group Inc. acknowledged Wednesday that his division more than tripled the amount of risky investments it insured in the three years leading up to the 2008 financial meltdown.
AP – For the first time in six months, the federal unemployment report to be released Friday will likely show a net loss of jobs.
AP – The main union at South Africa’s monopoly power supplier said Wednesday it’s ready to strike after rejecting the company’s wage offer, a decision that could disrupt the World Cup.
AP – A sweeping overhaul of financial regulations aimed at preventing another economic crisis headed Wednesday for a final House vote after Democrats backed down on a $19 billion tax they had added on big banks and hedge funds.
AP – Unemployment rates in roughly two-thirds of the nation’s largest metropolitan areas dipped in May as the gradual economic recovery spurred some hiring.
AP – Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength.
Reuters – The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his firm’s aggressive buildup of risky mortgage-linked securities.
AP – The stock market was ending a painful second quarter quietly, trading in a narrow range after another disappointing report on the jobs market.