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Latest financial news - CNNMoney.com

Retired from GM: One worker's fears
Standing at the factory gate he once entered for 33 years is like visiting a cemetery for George Hall.

Why cheap gas can't save the economy
The stock market stinks like a moldy piece of Limburger cheese. Unemployment is on the rise. Home prices continue to fall. There are fears that one or more of Detroit's Big Three could go bankrupt.

Stocks in tough road higher
Stocks struggled to rise Friday in volatile trading as the major gauges bounced around fresh multi-year lows and investors kept an eye on Citigroup.

Black Diamond's death-defying revenue climb
For Peter Metcalf, making a small business big is a matter of doing things in proper style. For this human StairMaster, that means taking the time to climb a combined 17,500 feet of Utah peaks on his 53rd-birthday weekend, toting a fine champagne for a summit party with family and friends.

Sources: GM to announce more production cuts
Read full story for latest details.

Fair value: the pragmatic solution
Bookkeeping rules have taken a lot of heat in this year's financial meltdown. But some accountants have an idea that could cool the debate over so-called fair value accounting.

Citigroup stock down again despite sales talk
Shares of Citigroup enjoyed a brief bounce Friday morning before heading lower once again, falling 16% despite reports that the beleaguered bank may be looking to raise more capital or even sell the whole firm.

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E-money

When you work online, there are sites whitch will send you checks by mail, but some websites will pay you on some e-money processor. Therefore, you will have to open an account on some of them.

Online payment processors

I will explain here few most famous and most used payment processors you need for working online from home.

E-gold

E-gold, operational since 1996, has users in over 165 countries and has settled over 45 million payments. There is over $30 million worth of e-gold in circulation supporting an annual transaction volume exceeding $1 billion (USD-equivalent). E-gold is very popular online bank. Fees are are different and depends on reciving amount. For example, for $1 it is 10%, for $10 it's 5% for $100 fee is less then 2%. When you send money to someone on e-gold, his amount will reduce for fee. Sender have no fee.
You can withdraw your e-gold money on different ways. You can send it on your AlertPay account and then ask for a check. Also, you can buy some debit card, transfer e-gold money to card, and then withdraw on ATM machine all over the world.
Egold is excellent choice for individuals, who wants to make or receive convenient, secure, cost effective, and final payments across the internet, but for business websites, too. If you have an website about On-line retail trade or services, Micro-payments, such as music, software, films and other downloads, Internet gaming, On-line auctions, or some other where online payment systen is needed, Egold is one of the best choices. Opening Egold account is totaly free.

AlertPay

Alertpay - newer but fast growing e-bank. Account on Alertpay can be funded from E-gold, and money from it can be transfer to egold. Alert pay send checks if you ask for withdraw that way, or you can withdraw by Bank wire.

PayPal

PayPal for buyers:
Send money online from 103 countries and regions. PayPal is free for buyers. Shop without sharing financial information. Protection against unauthorized payments sent from your account.

PayPal for EBay sellers:
Free eBay tools. PayPal simplifies shipping and tracking. Earn cash back with PayPal Preferred Rewards.

PayPal merchants:
Accept credit cards online with PayPal. Get paid by phone, fax, and mail with Virtual Terminal.

More about PayPal

If you like to learn more about Paypal you can read PayPal Tips book. Or another one, "PayPal for Dummies" book.