DAVE CARPENTER

AP Personal Finance Writer
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Be ready for the worst: What to do when laid off

The shock of being laid off barely had time to set in before Jim Wessel began looking for another job.

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Booming precious metal prices drive gold rush

Gold futures climbed to a new high Thursday, giving another nudge to the gold rush on Main Street as some people scramble to turn in their old jewelry for cash.

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FDIC frustrated with perception of bank failures

With the number of bank closings above 100 this year for the first time since 1992, the head of the Federal Deposit Insurance Corp. says she's frustrated at perceptions that U.S. taxpayers are on the hook for the costs of those failures.

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Beating the Street is an easy feat for companies

More than 80 percent of major companies reporting third-quarter results this month have beaten Wall Street expectations. So is business that good? No. Are companies gaming the system? Yes.

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Gold has shown its mettle, but how high can it go?

Gold's image may be changing as its price settles in above $1,000 an ounce and continues to set records.

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Home sweet home investment? Sure, in the long run

For all the doom and gloom about the housing market, it still generally pays to own a home.

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Meltdown jolts consumers from financial fairyland

The stock market bounced back, just as it has for nearly three decades. It just doesn't feel that way.

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Meltdown 101: Value-added tax on Washington radar

It's popular around the world. You probably paid it on your last European vacation. But how many Americans understand or even know about the value-added tax?

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Ford to post 1st monthly sales increase in 2 years

Surging demand from the government's "cash for clunkers" program has helped lift Ford Motor Co. to its first monthly increase in two years, the company's top sales analyst says.

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Over the river ... to savings at Camp Grandparents

Over the river and through the recession to grandmother's house they go. The lingering recession is forcing cash-strapped parents to cancel camp for the kids. Instead, they're being packed off to their grandparents'.

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AP sources: Cubs exploring bankruptcy filing

The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process.

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Poll: Americans spend less, retain summer pursuits

Americans are cutting back their spending but not abandoning favorite summertime pursuits despite the extra expense, a new survey released Wednesday indicates.

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Meltdown 101: Reform plan's impact on consumers

American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late trading by mutual funds to the subprime mortgage meltdown.

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Bull-market rally gives ground to uncertainty

The stock market's nosedive Monday abruptly ended the Dow's brief foray into positive territory for 2009, leaving stock-watchers to ponder whether an unexpectedly strong spring rally will survive into summer.

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Chrysler dealer's last day: sadness, brisk sales

The final day of business at Jim Samaras' second-generation Chrysler dealership brought a last bittersweet hint of the good old days of American car sales.

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Credit card law a consumer benefit with bugs

The new credit card law is receiving widespread kudos as a victory for cardholders over the lenders that impose "gotcha" fees and penalties with scant justification and little notice.

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Older workers embrace career change, less stress

Less pay, fewer benefits, lower prestige — and greater job satisfaction.

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Meltdown 101: 'Reverse split' reflects GM woes

It sounds like a football play or a wardrobe malfunction. But when General Motors Corp. said it may execute a "reverse split," what that really signaled was a new level of desperation for the troubled automaker.

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Boeing CEO calls slump 'once-in-a-lifetime' event

Boeing Co. Chairman and Chief Executive Jim McNerney assured shareholders Monday that the company is in strong shape to ride out the "once-in-a-lifetime" downturn that has walloped its profits, jetliner orders and stock price.

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Retirees can reap some tax savings in down year

Retirees reeling from the impact of the stock market's ruinous slide can take some solace from recent tax-law changes to help minimize their losses.

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Battered stocks put 'blue-chip' label in doubt

The dizzying slide of some of Wall Street's most ironclad stocks has called the entire concept of blue-chips into question.

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Survey: Americans' low insurance IQ hurts finances

Americans are lacking in basic knowledge about insurance that might help their finances during the recession, according to a new survey.

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Surprise: Uncle Sam's jobless gift has strings

Some Americans are learning a jarring lesson about unemployment as they prepare their tax returns.

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HSBC to end US consumer lending, cut 6,100 jobs

HSBC PLC, Europe's biggest bank, said Monday it will no longer write new consumer loans in the United States and will shut down its U.S. lending unit over the next five years due to the subprime mortgage market's collapse. The decision will cost 6,100 U.S. jobs.

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Retirement: Test your financial planning IQ

The formula for a financially successful retirement used to be straightforward: Work for decades for one employer and then live happily ever after on the pension, Social Security and whatever personal savings you were able to amass.

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