U.S. Said to Invest in Citigroup, Goldman, Bank America, JPMorgan, Wells. The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter..

Chicago: Midway privatized on 99-year lease. The Chicago City Council has approved a historic deal to sell a long-term lease of Midway Airport for $2.5 billion.

FY '08 budget deficit swells to record $455 billion. The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.

Intel profit beats expectations, future less clear. Technology bellwether Intel Corp posted a 12-percent rise in quarterly profit as the world's biggest computer chipmaker said demand, while uncertain, was holding up despite the global economic crisis.

Sequoia calls off the boom Meltdowns]. The good times are over, the partners of Sequoia Capital are telling the entrepreneurs they fund.

Beware these 5 insurance traps. You might think your pets, your kids' toys and your personal problems are your own darn business. But insurers watch these things -- and they could cost you.

The Benefits Of Dollar-Cost Averaging. Investor's Business Daily - When autos go on sale, more people tend to want to buy. The same with clothing and TV sets and soft drinks.

Citi, Merrill lose billions; say 2009 will be tough. Citigroup Inc. and Merrill Lynch & Co. reported almost $8-billion of losses in the third quarter as their top executives said the economic contraction will shred profit into 2009.

Reel changes for Oscar ads. For the first time in more than 30 years, the Feb. 22 Oscar broadcast will allow commercials for motion pictures. In the past,..

Fed's Yellen says U.S. appears to be in recession. The U.S. economy "appears to be in a recession" as the financial market crisis bites deeply, San Francisco Federal Reserve Bank President Janet Yellen said on Tuesday.

The Votes Are In: 100 VCs and Angel Investors Have Chosen the Top 50 Emerging Companies. NEW YORK, NY, October 09, 2008 /24-7PressRelease/ -- FundingPost proudly announced today the winning companies from its fifth annual Pitching Across America competition.

Inside Wisconsin: The clock is ticking faster for human embryonic stem cell research. Madison, Wis. One of the speakers at last month's World Stem Cell Summit in Madison wasn't a scientist, a patient advocate, or a university administrator.

ATEL Completes Lease Facility, Equity Financing With Primet Materials. ATEL Ventures has committed to a $1 million capital lease facility with Primet Materials and has separately made a $250,000 equity investment in the company.

You'll want to take the long way home in 2009 Acura TL. Surely the neighborhood shortcut is a quicker way to work, but the long way has that pair of hilly, 20-mph "S" corners that let TL's performance-oriented all-wheel drive sling it fiercely through the turns.

Antitrust regulators clear BofA-Merrill deal. Federal antitrust regulators on Wednesday cleared Bank of America's $34.9 billion purchase of Merrill Lynch & Co.

Recession fears in focus after bailout bonanza. Global recession fears returned to center stage on Wednesday after trillions of dollars pledged by governments around the world for bank bailouts eased the threat of imminent financial meltdown.

Continue reading "Huntington profits beat projections". Huntington Bancshares Inc. today said that third-quarter profits fell by 17 percent but still exceeded analysts' projections.

Unions, workers uneasy at possible GM, Chrysler deal. Labor unions in the United States and Canada on Tuesday expressed concern about the prospect of job losses from any merger between General Motors Corp and Chrysler LLC, adding that union leaders had not been consulted by the automakers.

Health care costs rising, but expenses can be controlled. The average employee's health care costs, including premiums and out-of-pocket expenses, will increase 8.9% in 2009, according to Hewitt Associates. That's well above the rate of inflation and average salary increases. For that reason, it's more important than ever to scrutinize your employer's health care options during open enrollment season.

Market Outlook: How Long and How Deep Will Recession Be? Analysis and Discussion with Stuart Hoffman of PNC Financial Services.