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Jim Zarroli

Jim Zarroli appears in the following:

Auto Loan Surge Fuels Fears Of Another Subprime Crisis

Friday, January 23, 2015

Dealers are extending loans to a growing number of people with weak credit, and more of them are having trouble making payments. The situation is evoking comparisons to the subprime mortgage boom.


Standard & Poor's Settles In SEC Ratings Fraud Case

Wednesday, January 21, 2015

Standard & Poor's has agreed to pay fines of nearly $80 million to settle charges that it changed the way it was rating securities in a bid to win business, but didn't bother to tell investors. The firm also agreed to a one year ban on rating certain kinds of securities. A separate Justice Department investigation is still underway.


Euro Falls To 9-Year Low Against U.S. Dollar

Wednesday, January 07, 2015

Europe may have a deflation problem. Eurozone consumer prices fell on an annual basis in December for the first time since the depths of the financial crisis five years ago. The decline was driven by a sharp drop in energy prices. The news is expected to increase pressure on the European Central Bank to come up with a more aggressive response to slow growth and high unemployment.


U.S. Credit Cards Tackle Fraud With Embedded Chips, But No PINs

Monday, January 05, 2015

The nation's biggest banks are leaning toward a new credit card security system that will rely on embedded chips and signatures rather than PINs. But critics say the PIN-and-chip system is superior.


Sanctions Intensify Russia's Free Fall Into Economic Crisis

Wednesday, December 31, 2014

The Russian economy took a big hit in 2014. The U.S. and other countries imposed economic sanctions after Russia annexed Crimea, but it was falling oil prices that really hurt the country.


Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

Thursday, December 18, 2014

President Obama eased restrictions on Cuba this week, including a relaxation of rules barring U.S. banks from doing business there. But banks are awaiting details and are likely to proceed cautiously.


'Reshoring' Trend Has Little Impact On U.S. Economy, Study Finds

Tuesday, December 16, 2014

"Reshoring," or bringing U.S. jobs back from overseas, is not as prevalent as has been reported, a consulting firm's research finds. The study found a total of 300 cases from 2013.


Lockheed Martin Case Puts 401(k) Plans On Trial

Monday, December 15, 2014

The aerospace company is being sued for choosing retirement funds that were poorly managed and charged high fees in a case that tests the limits of a company's responsibilities to its employees.


Pension Deal In Spending Bill Will Cut Benefits Before Safety Net Fails

Thursday, December 11, 2014

The agreement comes as several "multi-employer" pension plans are insolvent. The federal government guarantees those plans' benefits, but might not be able to handle all of them failing at once.


Drop In Oil Prices Is Being Felt By U.S. Drillers, Oil Field Firms

Tuesday, December 02, 2014

OPEC's decision not cut production is sending ripples throughout the industry as drillers pull back and reassess their plans. The next few months could send some companies under, one consultant says.


Immigration Policy May Mean Better Jobs, But Impact On Labor Unclear

Friday, November 28, 2014

President Obama wants to give temporary work status to millions of undocumented workers now living in the U.S. That would mean better jobs for many, but its impact on the labor market is less certain.


Senate Panel Probes Fed's Oversight Of Commodity Trading

Friday, November 21, 2014

A Senate committee has accused major banks including Goldman Sachs and JPMorgan Chase of manipulating commodity prices. Executives from several leading banks rejected the allegations on Thursday.


1 Million American Pension Plans Could Be Insolvent In 10 Years

Wednesday, November 19, 2014

The agency in charge of insuring private-sector pension plans is warning about big problems on the horizon. The Pension Benefit Guarantee Corporation projects that several large multi-employer plans will become insolvent within the next decade.


Justice Department Charges Georgia Debt Collector With Fraud

Wednesday, November 19, 2014

Williams, Scott & Associates is alleged to have threatened debtors with arrest, criminal charges and the loss of driving privileges. The owner and six employees were arrested.


Ohio Bill Would Shield Source Of Lethal Injection Drugs

Wednesday, November 19, 2014

As states struggle to obtain the drugs used to put someone to death, Ohio lawmakers consider a bill that would shield the ID of any drugmaker, pharmacy or medical professional involved in executions.


Business Leaders Hope Shifts In Congress Will Bring Tax Reform

Wednesday, November 05, 2014

Many business groups see an opportunity in the outcome of the election and plan to revive an agenda that's been dormant for years. From energy and trade to taxes and regulation, there is a lot on the table, but no guarantee anything will be passed anytime soon.


Why Deflation Is Such A Big Worry For Europe

Friday, October 31, 2014

Some of the weakest countries, such as Spain and Italy, are experiencing a broad drop in incomes and asset values. Deflation is a painful process that can be hard to reverse once it starts.


Drop In Unemployment Raises Debate On Optimal Rate

Friday, October 17, 2014

Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be. Some economists worry that inflation will resurface.


Turmoil Continues In Financial Markets As Dow Plunges

Wednesday, October 15, 2014

Stocks took a beating on Wednesday, with the Dow and the S&P 500 falling more than 2 percent before bouncing back slightly. Money flowed into safe haven investments such as U.S. Treasuries.


Economics Nobel Awarded For Work On Regulating Big Businesses

Monday, October 13, 2014

French economist Jean Tirole studies oligopolies — markets that are controlled by a handful of powerful, interdependent companies.