Change in FDIC Deposit Insurance

Noninterest-bearing transaction accounts, used by many small businesses, local governments, and nonprofit organizations, have had unlimited deposit insurance from the Federal Deposit Insurance Corporation since the 2008 financial crisis. However, that program is scheduled to expire as of December 31, 2012. The previous limit of $250,000 on a single account will be reinstated unless new…

A Mixed Friday

Friday’s trading session ended with mixed moves. The Dow and S&P 500 closed in the green zone while the Nasdaq shed some points. JPMorgan Chase, Caterpillar, IBM and Bank of America led the Dow’s ascent. Optimism provided by better-than-anticipated November jobs numbers was diminished by concerns about the progress on the U.S. budget talks in Washington.