Money and Financial Lifestyle

Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.

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Gasoline nears $2.25, crude briefly above $60 (AP)

Ford Motor Co. shares dropped almost 9 percent Tuesday morning, a day after disclosing a public offering of 300 million shares of common stock that will help it fund its health care trust for retired autoworkers and their families.

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Ford shares sink on share offering (AP)

Home prices fell in nearly nine out of every 10 U.S.

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Median home prices fell nationwide in 1Q (AP)

A bankruptcy judge says GMAC can become Chrysler’s preferred lender. Pending the completion of certain documentation, U.S. Judge Arthur Gonzales on Tuesday approved the deal between Auburn Hills, Mich.-based Chrysler LLC and GMAC Financial Services.

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Judge OKs deal to make GMAC top Chrysler lender (AP)

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM’s top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

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GM shares fall to 76-year low after execs dump stock (Reuters)

An estimated 32.4 million Americans are expected to travel this Memorial Day weekend, most of them taking advantage of a plunge in gas prices compared with last year, AAA said Tuesday.

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AAA: more expected to travel for Memorial Day (AP)

MBIA Inc. shares jumped in premarket trading Tuesday after the bond insurer posted a first-quarter profit, its first after five straight quarters of losses.

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Ahead of the Bell: MBIA shares jump on earnings (AP)

Wall Street is set for a mostly higher open Tuesday, looking to bounce back and extend its recent two-month rally. Stock futures moved higher.

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Wall Street set for mostly higher opening (AP)

The financial health of the government’s two biggest benefit programs may have slipped over the past year, reflecting the deep recession that has already bitten into other areas of the budget.

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Annual report due for Social Security and Medicare (AP)

China’s exports slumped for the sixth straight month amid warnings that weak overseas demand was hindering a recovery, even as government spending helped boost factory investment.

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China’s exports sink, but factory investment rises (AP)