KEPR - News - Business http://www.keprtv.com/news/business RSS Feed for KEPR - News - Business en-us Tue, 07 Oct 2008 19:29:58 GMT AIG's role in market crisis probed http://www.keprtv.com/news/business/30567989.html Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate. FDIC approves bank fee increase for insurance fund http://www.keprtv.com/news/business/30567879.html The FDIC on Tuesday approved a proposed increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund. AMD to spin off factories in bid to save money http://www.keprtv.com/news/business/30567799.html In a move to dramatically cut costs and better compete with Intel Corp., chip maker Advanced Micro Devices Inc. said Tuesday it will spin off its factories into a new joint venture with investors in the Persian Gulf state of Abu Dhabi. Financial bailout: It is rocket science http://www.keprtv.com/news/business/30567314.html Turns out rescuing the economy will take a rocket scientist. That's what the man picked Monday to engineer the largest financial bailout in U.S. history did before shifting to the world of finance. Now that oil prices are down, why aren't airfares? http://www.keprtv.com/news/business/30567234.html Since hitting a record in mid-July, the price of crude has fallen by roughly a third amid slowing demand and growing economic concerns. That's easing the near-term worries of major airlines, but many are still skittish that prices could go back up. Starbucks faces another NLRB complaint http://www.keprtv.com/news/business/30532959.html Starbucks Corp. is facing another complaint from the National Labor Relations Board alleging that the gourmet coffee chain engaged in unfair labor practices by firing a barista in Michigan. EBay cutting 1,600 jobs, 10 percent of work force http://www.keprtv.com/news/business/30526119.html After a series of changes designed to draw more people to its online marketplace, eBay Inc.'s latest alteration is aimed at its own employees. The auction site operator said Monday it will cut about 1,600 jobs, 10 percent of its work force, in its largest round of dismissals ever. Credit crisis adds to pressures on auto dealers http://www.keprtv.com/news/business/30518004.html Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan. American Airlines considers a la carte pricing http://www.keprtv.com/news/business/30517659.html The idea of paying a single, simple fare to fly on an airliner is becoming as quaint as stewardesses in short skirts. American Airlines is about to accelerate the trend of breaking the cost of a trip into an airfare plus many smaller fees. Bailout not a panacea for housing market http://www.keprtv.com/news/business/30517329.html The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon.