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Sunday, September 27, 2009 12:01 AM PDT

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Today's Business News: Obama addresses black caucus on health care G-20 lockdown gone, Pittsburgh gets back to normal $1 million going further in many housing markets Mich. stares down 2nd govt. shutdown in 3 years Analysis: Bigger world economic club, same woes? Dollar climbs, Asian stocks fall on stimulus exit talk Summary Box: Durable goods, homes data disappoint KB Home posts smaller 3Q loss as sales increase Germans vote amid economic issues, Islamic threats ANZ buys ING's stake in joint ventures for $1.5B Citigroup U.S. retail bank focusing on 6 cities Calif. mortgage fraud suspect returns from Spain Oil prices firm as tensions on Iran rise Small details sometimes hinder help on mortgages Freddie Mac CFO to receive $5.5M pay package Wealth Summits Keep Financial Plans in Line In Buying Mint, Intuit Looks to Revitalize Obama addresses black caucus on health care Sat, 26 Sep 2009 09:31 pm PDT AP - President Barack Obama on Saturday resumed his push to overhaul the health care system, telling a Congressional Black Caucus conference that there comes a time when "the cup of endurance runs over." Full Story Top G-20 lockdown gone, Pittsburgh gets back to normal Sat, 26 Sep 2009 09:51 pm PDT AP - Merchants and motorists reclaimed their city Saturday as a vast police presence dissolved, barricades vanished and traffic started flowing after a gathering of world leaders that had turned the downtown area into a well-protected fortress. Full Story Top $1 million going further in many housing markets Sat, 26 Sep 2009 08:25 pm PDT AP - A million dollars doesn't buy you what it once did. In most U.S. neighborhoods, it now gets you a lot more. Full Story Top Mich. stares down 2nd govt. shutdown in 3 years Sat, 26 Sep 2009 02:54 pm PDT AP - Economically beleaguered Michigan faces a possible government shutdown — shuttering highway rest areas, state parks, construction projects and the state lottery — if lawmakers fail to reach a budget deal in the next few days. Full Story Top Analysis: Bigger world economic club, same woes? Sat, 26 Sep 2009 07:07 am PDT AP - The world's most exclusive club has expanded, pledging big things for the global economy. But it's likely to have just as much trouble delivering on those promises. Full Story Top Dollar climbs, Asian stocks fall on stimulus exit talk Thu, 24 Sep 2009 10:43 pm PDT Reuters - Asian stocks fell and the U.S. dollar extended gains on Friday after central banks said they were winding down extraordinary stimulus measures, raising fears the days of fast flowing liquidity were numbered. Full Story Top Summary Box: Durable goods, homes data disappoint Fri, 25 Sep 2009 01:45 pm PDT AP - DISAPPOINTING REPORTS: Orders for autos, appliances and other goods that are expected to last at least three years dropped 2.4 percent in August, defying economists' estimates of a 0.5 percent gain. Sales of new homes inched up 0.7 percent, also less than forecast. Full Story Top KB Home posts smaller 3Q loss as sales increase Fri, 25 Sep 2009 01:42 pm PDT AP - KB Home set out to compete with foreclosures last year by building smaller, more affordable homes, and the homebuilder's decision is paying off. Full Story Top Germans vote amid economic issues, Islamic threats Sat, 26 Sep 2009 11:26 pm PDT AP - Germans were deciding Sunday whether to return the nation's first woman chancellor to a second term in office following a lackluster election campaign centered largely on economic issues and a rash of last-minute threats by Islamic extremists. Full Story Top ANZ buys ING's stake in joint ventures for $1.5B Fri, 25 Sep 2009 01:38 am PDT AP - ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Full Story Top Citigroup U.S. retail bank focusing on 6 cities Thu, 24 Sep 2009 03:28 pm PDT Reuters - Citigroup Inc's (C.N) U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network. Full Story Top Calif. mortgage fraud suspect returns from Spain Sat, 26 Sep 2009 12:57 pm PDT AP - A 28-year-old Sacramento man who led authorities on an international manhunt has been returned to California to face federal charges in an alleged mortgage fraud scheme. Full Story Top Oil prices firm as tensions on Iran rise Fri, 25 Sep 2009 12:59 pm PDT AFP - Oil prices rose Friday as rekindled tensions over Iran's nuclear program overshadowed concerns about energy demand and the pace of economic recovery. Full Story Top Small details sometimes hinder help on mortgages Thu, 24 Sep 2009 02:16 pm PDT AP - It all comes down to details: The success of the federal government's attempts to keep homeowners from defaulting on their mortgages appears to hinge on small things such as a servicer not losing a customer's documentation. Full Story Top Freddie Mac CFO to receive $5.5M pay package Fri, 25 Sep 2009 02:40 pm PDT AP - Freddie Mac's new chief financial officer, lured from the banking industry this month, is receiving a pay package worth up to $5.5 million. Full Story Top Wealth Summits Keep Financial Plans in Line Fri, 25 Sep 2009 05:08 am PDT BusinessWeek - Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues. Full Story Top In Buying Mint, Intuit Looks to Revitalize Fri, 18 Sep 2009 05:08 am PDT BusinessWeek - Last year, Intuit's legal department sent a threatening letter to Mint.com demanding that the upstart rival in personal finance software explain its breakneck pace of growth. The correspondence was leaked and Intuit was upbraided in the blogosphere for what looked like bullying behavior. Even Intuit CEO Brad Smith later professed dismay. "It looked like Goliath picking on David," Smith said in an April interview with BusinessWeek. At the same sitting, Smith praised Mint's "brilliant" approach to helping consumers manage their money on the Web. Full Story Top

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