Kingsport Times News Sunday, April 20, 2014
Business & Technology

Source says Obama to nominate Bernanke for second term

August 24th, 2009 12:00 am by Associated Press

Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned Monda

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Business & Technology

Solution or just deja vu? Wall Street has new way to turn mortgage debt into AAA bonds

August 24th, 2009 12:00 am by Associated Press

WASHINGTON (AP) -- Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It's a lot like what got banks in trouble in the first place.

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Business & Technology

Final weekend of Cash for Clunkers program draws big crowds

August 23rd, 2009 12:00 am by Associated Press

From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.

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Business & Technology

Tax credit for first-time home buyers expires in November

August 22nd, 2009 12:00 am by Sharon Hayes

KINGSPORT Engaged to be married in late September, Chad Brown knew he'd probably buy a home in the next few years. But the federal government's tax credit for first-time home buyers prompted him to speed up his plans."It was kind of a no-brainer," said B

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Business & Technology

Home resales soar 7.2 percent in July; largest monthly increase in 10 years

August 21st, 2009 12:00 am by Associated Press

WASHINGTON (AP) -- Home resales posted the largest monthly increase in at least 10 years last month as first-time buyers rushed to take advantage of a tax credit that expires this fall.The National Association of Realtors said Thursday that home sales ros

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