Biggest Fortune 500 losers, midas of misery & when HELOC's freeze over - Today in Money 4/25

In the News:

The Biggest Losers
The mortgage meltdown and slumping auto sales hurt many Fortune 500 firms last year. In fact, 16 posted losses of at least $1 billion. Topping the list is General Motors which lost almost $38 billion over the past year. Other losers include Sprint Nextel, Merrill Lynch, AMD, Freddie Mac, Delphi and Ford Motor.
The Fortune 500's biggest losers -FORTUNE

The Midas of Misery

Vulture investors are a changing breed. The new opportunists, with Harbinger's Phil Falcone in the vanguard, have more clout and more imagination. And they just might kick-start the economy.
The Midas of Misery - BusinessWeek Serious Scavengers: These People Are Looking to Profit From the Misery of Others


When HELOC's Freeze Over
Plunging home values prompt banks to cancel borrowers' home equity lines of credit. While there's nothing you can do to prevent a HELOC suspension, there are ways to avoid such disastrous consequences. Here's how to face one well-prepared.
Banks Suspending Home Equity Lines of Credit - SmartMoney

10 Sneaky Saving Strategies
How to trick yourself into spending less and saving more -- even if you lack the discipline.
Ten Sneaky Saving Strategies - Kiplinger.com

10 Ways to Tame Summer Camp Charges
To kids, summer camp is nothing more than canoe trips, swimming and making new friends, but to parents, it is no vacation for the wallet. Camp costs can add up quickly if parents aren't careful when making choices of where to send their children during the hot summer months. A little knowledge and preparation can help keep the kids smiling and the camp costs under control.
10 ways to tame summer camp costs - Bankrate.com
Also: Big Changes Arrive at Summer Camps: New Niches Are Here
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Last updated: February 10, 2010: 03:25 AM

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