AAA: Car Ownership Costs on the Rise

The study factored in costs such as fuel, maintenance, insurance, tires and depreciation

2013-04-16

Peter Valdes-Dapena CNN Money

NEW YORK (CNNMoney) -- Overall, the costs of car ownership have risen compared to last year, according to an annual study by AAA, which says it now costs 2% more to own a sedan than it did last year. Read the complete article

Goldman Sachs Sails Past Wall Street's Expectations

First-quarter results were driven by strong activity in commercial mortgages and risky debt

2013-04-16

Maureen Farrell CNN Money

NEW YORK (CNNMoney) -- First-quarter investment banking results were driven by strong activity in commercial mortgages and so-called leveraged finance, the risky, or high-yield, debt behind private equity transactions. Read the complete article

News Briefs


Toyota Unveils the 2013 Avalon

'Great Cars do not happen without Great People'

2013-04-15

Yvonne Coleman Bach, Associate Publisher/Editor, Louisville Defender Newspaper

Toyota recently unveiled their 2013 Avalon at a press junket in Cincinnati.  The event not only provided the media in attendance with a look at the newly designed vehicle, but also an inside look at the company who makes it and their strong commitment to diversity. Read the complete article

VIDEO Tax Day: Where Did the Money Go in 2012?

Military and health care spending take up the bulk of federal income tax revenues

2013-04-15

Ben Brumfield CNN

(CNN) -- Monday is tax day, and in case you're wondering where your money went last year, President Barack Obama is eager to let you know. He's giving you a detailed receipt. Read the complete article

VIDEO: Class of 2013 Faces Difficult Career and Work Prospects

VIDEO: President Obama talks about his budget and the economy

2013-04-10

CNN

Unemployment remains high for young college grads. For those who will find jobs, many will probably have to settle for low-level positions, the Economic Policy Institute said Wednesday. Read the complete article

Job-Hopping Millennials No Different Than Their Parents... Yet

Labor Department: Average 25-year-old has already worked 6.3 jobs between ages of 18 and 25

2013-04-09

Annalyn Kurtz CNN Money

NEW YORK (CNNMoney) -- The job-hopping millennial is not so different from their parents ... at least not yet. Read the complete article

Budget Cuts Cause Long Wait Times on IRS Help Line

Long lines hurt poor and elderly seeking free tax preparation advice

2013-04-09

Jennifer Liberto CNN Money

WASHINGTON (CNNMoney) -- Budget cuts at the Internal Revenue Service are causing long lines for the poor and elderly seeking free tax preparation advice, lengthier hold times for IRS help line calls and delays in tax refunds for identify theft victims. Read the complete article

Fannie Mae Posts Record Profit

The government has pumped in $116 billion in bailout funds in its rescue of the company

2013-04-02

Chris Isidore CNN Money

NEW YORK (CNNMoney) -- Mortgage financing giant Fannie Mae Tuesday reported a record profit of $17.2 billion for 2012, a testament to how much the housing market has improved lately. Read the complete article

Top Income Tax Rate: How U.S. Really Compares

Denmark applies 60.2 percent rate to income over roughly $55,000

2013-04-02

Jeanne Sahadi CNN Money

NEW YORK (CNNMoney) -- It's a common complaint among some wealthy Americans: My taxes are too damn high. But they might feel a little better if they considered Denmark. Or the United Kingdom. Or Austria.   Read the complete article

Cyprus Finance Minister Resigns

Country is still in the midst of trying to negotiate better terms for its bailout

2013-04-02

Alanna Petroff and Jo Shelley CNN Money

NEW YORK (CNNMoney) -- Cypriot finance minister Michael Sarris resigned Tuesday, just days after the country accepted a 10 billion euro bailout to stave off a disorderly banking collapse. Read the complete article

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