Financial & Economic Blog

Treasurys drifted lower Tuesday as investors responded to a stronger than expected report on the housing market and a slower decline in regional manufacturing activity.img src="http://feeds.feedburner.com/~r/rss/money_markets/~4/FNJALmloqWE" height="1" width="1"/

With gas prices rising and car sales in the dumps, Hyundai is offering new car buyers gas at $1.49 a gallon for a year.img src="http://feeds.feedburner.com/~r/rss/money_latest/~4/2ylLH5ha2k0" height="1" width="1"/

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When New Frontier Bank failed in April, regulators failed to find a buyer, forcing the FDIC to absorb the roughly $2 billion in assets that were once owned by the Colorado-based lender.img src="http://feeds.feedburner.com/~r/rss/money_latest/~4/imffd4h2UVI" height="1" width="1"/

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The head of General Motors, seeking swift approval of a plan to leave the automaker's debt behind, told a bankruptcy court Tuesday that the company's June sales are stronger than expected -- in part because the bankruptcy process is going swiftly.img src="http://feeds.feedburner.com/~r/rss/money_latest/~4/6-gzUbG8QBY" height="1" width="1"/

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AIG shareholders, a.k.a. U.S. taxpayers, ousted the majority of the company's leadership at AIG's annual shareholders meeting Tuesday, removing the overseers of one of the biggest corporate unravelings in American history.img src="http://feeds.feedburner.com/~r/rss/money_latest/~4/YsaAD_7diC0" height="1" width="1"/