Yahoo! News: Personal Finance NewsPersonal Finance NewsKodak sets $1 billion stock buyback, stock jumps (Reuters)- June 24, 2008 Reuters - Eastman Kodak Co said on Tuesday it would buy back up to $1 billion of its stock, driving the photography company's share price up nearly 17 percent from historical lows.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080624/... Kodak to buy back $1 billion in shares (AP)- June 24, 2008 AP - Eastman Kodak Co. said Tuesday it is buying back up to $1 billion, or about a quarter, of its outstanding stock, by tapping a $581 million tax refund and a cash surplus the picture-taking pioneer has amassed since selling its health-imaging business early last year.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080624/... Countrywide vote on merger to end mortgage era (Reuters)- June 24, 2008 Reuters - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the company perhaps most closely associated with the nation's housing bubble and subsequent collapse.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080624/... Senate housing rescue bill clears key test vote (Reuters)- June 24, 2008 Reuters - U.S. Senate backers of a housing bill that the White House opposes cleared a procedural hurdle on Tuesday, moving toward expected passage of the measure that would create a multi-billion dollar mortgage refinancing fund.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080624/... Dow and S&P end flat as financials weigh, UPS drops late (Reuters)- June 23, 2008 Reuters - NEW YORK (Reuters) -The Dow and the S&P 500 ended effectively unchanged on Monday in thin trade as renewed concerns about the outlook for financial shares offset gains in energy stocks and news of a $4.4 billion takeover in the agricultural sector.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080623/... Mortgage crisis spooking high-end developments (AP)- June 23, 2008 AP - With the developer forced into bankruptcy, Hugh Smith worries about the $1 million he and a partner sunk into bare lots at Promontory, a half-built, sprawling residence club in a post-Olympic town saturated with second homes for wealthy Boomers.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080623/... McCain and Obama on Tax Reform (BusinessWeek Online)- June 23, 2008 BusinessWeek Online - Hardly anyone disagrees with this statement: The nation's tax system is a mess. The U.S. tax code is riddled with far too many deductions, credits, exemptions, exclusions, phase-ins, and phase-outs. Nobel laureate Milton Friedman noted half a century ago that constant changes in the tax code discourage long-term planning by households and businesses. He was right, but that hasn't stopped Democrats and Republicans from tinkering with taxes ever since the income tax was...http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/bw/20080623/... Merrill shares fall on rumors of profit warning (Reuters)- June 20, 2008 Reuters - Merrill Lynch & Co shares fell 5.5 percent Friday on rumors that the investment bank may issue a profit warning and take additional write-downs on its mortgage holdings, traders said.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/nm/20080620/... 2 former Bear Stearns hedge fund managers charged (AP)- June 20, 2008 AP - Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20080620/... US mortgage fraud probe nets 406, plus Bear Stearns two (AFP)- June 20, 2008 AFP - Two ex-Bear Stearns executives were indicted Thursday as officials unveiled charges against 406 people in a huge probe into fraud, which helped fuel the housing crisis and infect the global economy.http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/afp/20080620... |