May 23, 2013

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US bank failures in 2010 surpass 100

U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carolina, Kansas, Nevada, Minnesota and Oregon.

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New tax has S.C. smokers heading to Ga.

cigarettes

Governor Mark Sanford vetoed an increase on cigarette taxes for more than a decade, but this year lawmakers fought that. Now the tax will be increasing by 50 cents a pack.

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BP stock plummets

BP is not only gushing oil, but plenty of money, too. The company's stock price is dropping sharply after the Gulf rig explosion. Losses are in the billions.

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