WASHINGTON, D.C. -- Can't pay the mortgage? You still might be able to stay in your home. Government-controlled mortgage company Fannie Mae is going to give borrowers on the verge of foreclosure the option of renting their homes for a year.
New Nov 07, 2009 | 1:30 pm | Loading…
WASHINGTON, D.C. -- Emergency help for the jobless will be a huge windfall for Realtors, homebuilders, mortgage bankers and others, and that's no accident.
Nov 07, 2009 | 10:30 am | Loading…
WASHINGTON, D.C. -- The unemployment rate has surpassed 10 percent for the first time since 1983 - and is likely to go higher.
Nov 06, 2009 | 10:00 am | Loading…
NEW YORK -- First it was books. Now it's DVDs.
New Nov 06, 2009 | 12:45 pm | Loading…
NORMAL -- Alarming high school dropout rates threaten to cripple the U.S. recovery from the worst recession since the Great Depression, and a leading children's advocate urged local business leaders Thursday to take actions now -- for their own good.
Nov 05, 2009 | 7:35 pm | Loading…
SPRINGFIELD -- In yet another sign of tough economic times, more Illinoisans are losing their business licenses for defaulting on their student loans.
Nov 05, 2009 | 2:45 pm | Loading…
GRAND RAPIDS, Mich. -- There are sales and then there are price cuts. Meijer says it is offering more of each this holiday season.
Nov 05, 2009 | 10:15 am | Loading…
MOUNTAIN VIEW, Calif. -- Google is offering a new privacy control that will make it easier for people to see some of the information being collected about them.
Nov 05, 2009 | 9:00 am | Loading…
WASHINGTON, D.C. -- Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
Nov 05, 2009 | 6:35 am | Loading…
FARMER CITY - The DeWitt County Board approved a special use permit that will pave the way for McLean County Aquaponics to move to downtown Farmer City.
Nov 04, 2009 | 5:25 pm | Loading…
WASHINGTON -- The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.
Nov 04, 2009 | 4:25 pm | Loading…
BLOOMINGTON - Attention young women: A new store selling contemporary but affordable clothing is now open, but you won't find it at the mall.
Nov 03, 2009 | 11:45 pm | Loading…
NEW YORK -- The biggest name in investing is making what he calls an "all-in wager" on the U.S. economy - $34 billion to own a railroad that hauls everything from corn to cars across the country.
Nov 03, 2009 | 5:20 pm | Loading…
DETROIT -- General Motors Co. says its October sales rose 4.7 percent over the same month last year, a sign that the U.S. auto market was starting a slow recovery from its yearlong slump.
Nov 03, 2009 | 1:30 pm | Loading…
PONTIAC - Things are looking up at Caterpillar's Pontiac plant. The plant recently called 26 laid-off employees back to work, said John Bogucki, president of United Auto Workers Local 2096.
Nov 02, 2009 | 11:45 pm | Loading…
DEARBORN, Mich. -- Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.
Nov 02, 2009 | 9:15 am | Loading…
NEW YORK -- It doesn't have to be a downer when the weak economy forces small businesses to scale back their holiday parties from the big catered or restaurant affairs they held in the past. These events can still be opportunities to build teamwork and boost morale.
Nov 01, 2009 | 1:30 pm | Loading…
MILWAUKEE -- How low can beer makers go? Having conquered the beer-belly set, some of the nation's biggest brewers are trying to win over the six-pack-ab crowd with ultra-low-calorie suds.
Nov 01, 2009 | 10:30 am | Loading…
DETROIT -- Chrysler has been sending its dealers back to class, reminding them about the importance of courtesy and communication: Always return phone calls. Limit wait times. Open doors for customers.
New Oct 31, 2009 | 1:30 pm | Loading…
NEW YORK -- You buy your sister a $100 general purpose gift card. It's for her birthday, but it might be the bank that has reason to celebrate.
Oct 31, 2009 | 10:30 am | Loading…
LINCOLN - More than two dozen Lincoln and Logan County officials met this week to kick off a business incubator program designed to bring new jobs to the county.
Oct 30, 2009 | 7:15 pm | Loading…
BLOOMINGTON - After three years in Bloomington, the Great Escape has closed.
Oct 30, 2009 | 7:15 pm | Loading…
BLOOMINGTON - Americans' confidence in their financial security spiked this month after more than a year of increasing worries about the recession, according to a new Country Financial survey.
Oct 30, 2009 | 7:15 pm | Loading…
BLOOMINGTON -- A casualty of a slowing, shifting economy, officials at GE Consumer & Industrial announced plans Friday to shutter the Bloomington plant by the end of 2010.
Oct 30, 2009 | 1:30 pm | Loading…
NORMAL - Nearly a quarter-century after plans for a Normal automotive manufacturing plant were first announced, Mitsubishi Motors North America celebrated production of its 3 millionth car Thursday.
Oct 29, 2009 | 11:45 pm | Loading…
BLOOMINGTON -- Brock Westbrook was about ready to give up on finding his first home last fall, frustrated after not finding the perfect fit and not too eager about being financially strapped afterward.
Oct 29, 2009 | 2:30 pm | Loading…
SPRINGFIELD -- Lawmakers moved Thursday to roll back an income tax increase on some companies that was largely unknown when approved earlier this year.
Oct 29, 2009 | 12:45 pm | Loading…
Congress is considering an extension or expansion of the first-time homebuyer tax credit, which expires Nov. 30. No plan has been approved yet. Here are highlights of one of those proposals, as agreed to by senators this week:
Oct 29, 2009 | 12:00 pm | Loading…
AUBURN HILLS, Mich. -- Chrysler Group LLC says it will begin offering customers a television service in their vehicles featuring up to 20 channels of live TV.
New Oct 29, 2009 | 11:30 am | Loading…
WASHINGTON, D.C. -- The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
Oct 29, 2009 | 9:25 am | Loading…
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