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Economic news - CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
  • Building your brand (and keeping your job)
    Scott Monty's personal brand doesn't take a back seat to anyone else's -- not even that of Ford Motor Co., his employer. "I'm not somebody who can be accused of using Ford's brand to benefit my own," says Monty, the car giant's first global digital and multimedia communications manager. "If anything, the opposite is true."
  • States go deeper into debt
    The states are broke, and like many consumers, they're borrowing big time to get out of their fiscal binds.
  • What's so scary about Elizabeth Warren?
    Elizabeth Warren doesn't look or sound scary. She's a 61-year-old Harvard Law School professor from Oklahoma who has written personal finance books, some with her daughter.

Top News
Bernanke Says Unemployment Imposes ‘Heavy Costs’ on Economy
BusinessWeek - - June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said hes concerned about the costs U.S. joblessness is imposing on the economy and that the central bank is telling field examiners to encourage lending to creditworthy businesses.

3 Fla. banks, 1 each in Nev., Calif. shut down
USA Today - - WASHINGTON (AP) — Regulators on Friday shut down three banks in Florida and one each in Nevada and California, bringing the number of U.S. bank failures this year to 78.

Market News
Fidelity National Financial, Inc. Announces Appointment of George
PR Newswire via MSN Money - - Fidelity National Financial, Inc. , a leading provider of title insurance, mortgage services, specialty insurance and information services, today announced the appointment of George P. Scanlon as Chief Operating Officer.

Freddie Mac: 30-year fixed-! rate averages 4.79%
MarketWatch - - By Ruth Mantell, MarketWatch WASHINGTON (MarketWatch) -- Mortgage rates were little changed last week, holding steady for the most part at or near recent lows, Freddie Mac said Thursday.

Tax credits fuel 6% rise in April home sales
MSNBC - - WASHINGTON - A rush of homebuyers aiming to meet a deadline to qualify for a federal tax credit pushed the number of signed sales contracts to the highest level since October.

GSEs to Begin Accepting HAFA Short Sales
DSNews.com - - Fannie Mae and Freddie Mac both issued new guidelines to servicers Tuesday, whic! h allow homeowners with GSE loans to pursue a short sale or de! ed-in-li eu of foreclosure if they are unable to secure a modification under the government’s foreclosure

Technology News
Realtor.com iPhone app hits 1 million downloads
Inman - - App also rolls out new search features Realtor.com's iPhone application has reached 1 million downloads, site operator Move Inc. announced Wednesday. The announcement comes about five months after Realtor.com launched the app in January.

New AT&T smartphone users won't get one-price Net
USA Today - - AT&T, wireless provider for Apple's iPhone, on Monday will become the first major mobile phone company to stop offering new smartphone customers a single monthly price for unlimited Internet access ? likely presaging an industry shift to charges based

3G Skype Calling Hits Apple's iPhones... for a Future Price
PC Magazine - - At long-last, a new version of the Skype application for the iPhone has been released and, more importantly, it allows owners of Apple's device to make outbound Skype calls using their 3G connections

Target set to sell Kindle
CNN Money - - YORK (CNNMoney.com) -- On June 6, Target will become the first brick-and-mortar retailer to sell Amazon's Kindle electronic reader at its stores across the United States, the company said on Wednesday. In late April, Target (TGT, Fortune 500) began

Other News
Foreclosures shifting to affluent ZIP codes
San Francisco Chronicle - - Foreclosures are going upscale across the Bay Area.

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