If you like what you're reading on One Minute Finance, Subscribe to the blog via google or RSS. See updates on our Facebook fan page and follow us on Twitter. Remember you can visit us on your mobile device.

American Airlines Files for Bankruptcy to Rid Itself of Unions

Financial News Story of the Day – American Airlines Files for Bankruptcy to Avoid $800 Million Union Payouts

The American Airlines bankruptcy we all expected finally occurred today. The troubled airline’s parent company, AMR Corp., cited high union payouts and fuel costs as the major reasons for going to bankruptcy court, where American could legally reorganize and void its prior contracts with labor unions.…


Facebook IPO Planned for First Half of 2012 – It’s About Time!

facebook ipo 2012 mark zuckerberg

 

Financial News Story of the Day – Mark Zuckerberg Plans Facebook IPO for 2012

The Facebook IPO everyone has been waiting for looks like it will finally happen sometime in the first 6 months of 2012. While Facebook CEO Mark Zuckerberg has yet to announce a date, sources are saying it will happen early next year and the company’s financials are ready to go.…


RIM Stock Drops from $50 to $16 in 18 Months – A 7 Year Low

rim blackberry stock down

 

Financial News Story of the Day – RIM Stock Suffers Due to Apple and Android

RIM stock is down in the dumps unofficially making the Blackberry creator the new Palm. For those who don’t believe it, there’s a truckload of outperformed technology and hardware to go with the troubled handset maker, mirroring Palm’s own death spiral before a gift buyout by HP.…


Happy Thanksgiving to All One Minute Finance Readers!

happy thanksgiving 2011 oneminutefinance

 

We would like to thank all of the OneMinuteFinance.com readers out there! We love and thank each and every one of you for your support to keep this site going.

Happy Thanksgiving to you and your families! And as always, check back here daily for the most important financial news stories and best personal finance tips, all in under a minute.…


Groupon Deal Destroys Local Cupcake Business

groupon need a cake bakery

 

Financial News Story of the Day – Groupon Deal Costs Cupcake Business $20,000

Groupon, the hot daily deal site that recently went public, has just cost Need a Cake bakery owner Rachel Brown $20,000. Brown initially posted a deal on Groupon offering a 75% discount on a batch of cupcakes that drew in 8,500 customers.…


Is Black Friday 2011 Killing Thanksgiving?

black friday 2011 thanksgiving


Financial News Story of the Day – Thanksgiving Tradition Threatened by Black Friday 2011

If you love Black Friday or Cyber Monday, you may be contributing to what some are calling the death of Thanksgiving. Traditionally a time for loved ones to gather and give thanks, Thanksgiving week is now known for shopping as much as it is for family.…


It Finally Happened: California Subpoenas Fannie Mae and Freddie Mac

california subpoenas fannie mae freddie mac

Source: TheWashingtonExaminer.com

Financial News Story of the Day – California Attorney General Sends Fannie and Freddie Subpoenas

The California attorney general finally had enough and subpoenaed both Fannie Mae and Freddie Mac, both federal institutions that are loaded with mortgage debt. Specifically, the state is looking to see how the two lending giants are handling foreclosures in the state.…


Wells Fargo: You Can Retire…at 80

wells fargo retirement 80 years old

 

Financial News Story of the Day – Wells Fargo Expects 80 Will Be the New 65 for Retirees

According to a Wells Fargo survey, the younger generation of workers that you’re a part of can now expect to tack on another 15 years of work before enjoying retirement. Studies show that people are living longer than ever, but would you be happy spending those extra years working?…


FHA in Need of $43 Billion Taxpayer Bailout Next Year

fha bailout low home prices 2012

 

Financial News Story of the Day – FHA May Need Its Own Bailout in 2012

The FHA itself may need a bailout next year according to a new report out of Washington. The federal agency has thus far insured more than $1 trillion in mortgages and will need rescue if the housing market does not rebound in 2012.…


Amazon Kindle Fire May Outsell Apple iPad 2

amazon kindle fire beats ipad 2

 

Financial News Story of the Day – Amazon’s Kindle Fire May Oust iPad 2 This Holiday Season

The Amazon Kindle Fire may out do even Apple’s mighty iPad 2 according to a survey by Retrevo, an online shopping guide. As consumers are looking for cheaper tablet alternatives that still deliver big on user experience and quality this holiday shopping season, it comes as no surprise that demand for the $199 Kindle Fire is so high.…