Entries for February 2009
Big banks prepare for stress testsFebruary 26, 2009
by Jeannine Aversa
The Associated Press
As the Obama administration begins "stress tests" to gauge the health of the nation’s biggest banks, fresh evidence emerged of a weakening housing market, with sales of existing homes falling unexpectedly las...
Existing home sales fell 5.3 percent in JanuaryFebruary 26, 2009
by Alan Zibel
The Associated Press
Sales of existing homes unexpectedly plunged in January to the lowest level in nearly 12 years as pessimism about the economy grew and buyers waited for President Barack Obama’s plan to help revive the U.S. housin...
3 on Texas death row lose appealsFebruary 26, 2009
by Michael Graczyk
The Associated Press
The Texas Court of Criminal Appeals on Wednesday rejected appeals from three condemned prisoners, including a pair sent to death row for slayings that were part of a Houston crime spree.
The state’s highest ...
Treasury provides $365.4 mil. to 23 banksFebruary 25, 2009
by Martin Crutsinger
The Associated Press
The government has provided $365.4 million to an additional 23 banks — including at least two in Mississippi — in the latest batch of investments under the $700 billion bailout program.
The Treasury Depart...
Consumers not as confidentFebruary 25, 2009
by Anne D'Innocenzio
The Associated Press
Americans’ already battered confidence in the economy went into free fall in February, sinking to new lows as consumers grow more fearful over massive job cuts and shrinking retirement accounts.
Fresh econ...