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08/27/2008 06:00 PM |
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FDIC: Jump In Number of Troubled Banks |
The number of troubled U.S. banks leaped to the highest level in about five years: 117. On average, 13 percent of banks that make the list fail. Meanwhile, bank profits plunged by 86 percent in the second quarter.
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08/28/2008 05:30 AM |
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Bankruptcies Soar For Seniors, Study Finds |
Medical problems are paired with an inability to work for an increasing number of seniors, prompting suffocating debt and eventual bankruptcy.
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08/27/2008 09:00 PM |
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Speak English Or Take A Seat, LPGA Says |
The LPGA will require players to speak English starting in 2009, with players who have been LPGA members for two years facing suspension if they can't pass an oral evaluation. The rule is effective immediately for new players.
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08/27/2008 07:00 AM |
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Mattel Wins $100M In Copyright Lawsuit |
A federal jury awarded Mattel Inc. $100 million in damages in a copyright lawsuit that pitted the house of Barbie against MGA Entertainment Inc., the maker of the saucy Bratz dolls.
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08/26/2008 06:37 PM |
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Some Shops Reject Same-Sex Wedding Cards |
A manager says seven Hallmark greeting card stores in Idaho will not carry the company's new same-sex marriage cards.
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08/26/2008 05:00 PM |
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Housing Still Mired In Slump, Data Shows |
Sales of existing homes rose 3.1 percent in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust.
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08/25/2008 06:30 PM |
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Transit Bottlenecks Derail Grain Exports |
Across the country, wheat and corn are piled in towering mounds, waiting for a rail car to haul them to market. Bottlenecks in railways, highways and rivers are costing U.S. farmers, shippers and ultimately consumers millions of dollars a year.
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08/26/2008 02:00 AM |
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Oil Prices Rise As Tropical Storm Forms |
Oil prices ended a choppy session slightly higher, edging back above $115 a barrel after Tropical Storm Gustav formed in the Caribbean.
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08/26/2008 02:30 PM |
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Alternatives To Cobra Insurance Cover |
If you've recently lost your job, or are soon to be unemployed, you're going to want to know what your health insurance options are.
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08/25/2008 06:30 PM |
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Automakers Seek $50B In Loans From U.S. |
The auto industry wants help modernizing their assembly plants and developing next-generation fuel-efficient vehicles.
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08/23/2008 01:00 AM |
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Fed: Financial Storm Still Taking Toll |
Federal Reserve Chairman Ben Bernanke said the financial crisis that has pounded the U.S. - coupled with higher inflation - is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability.
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08/23/2008 03:50 AM |
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Wall Street Surges As Oil Retreats |
Wall Street ended a mixed week that saw upbeat sentiment about falling oil prices and lingering concerns over weak credit markets and the economy.
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08/22/2008 09:46 PM |
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Sour Inflation Notes Hit The Sweet Tooth |
Mars, the maker of Snickers bars and M&Ms candies said it is raising wholesale prices more than 12 percent to offset the higher costs of raw materials, packaging and energy, the second major candy company in the past week to announce such a move.
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08/22/2008 07:00 AM |
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Economy Languishes In Low Gear |
The New York-based Conference Board said its monthly forecast of future economic activity fell 0.7 percent in July, its largest drop in a year.
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08/22/2008 02:00 AM |
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Anxiety Over Fannie, Freddie Rescue |
A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants.
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08/22/2008 02:17 PM |
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Financial Mistakes New Parents Make |
Babies come with a long laundry list of expenses. If not handled properly, these can become overwhelming or at least detrimental to your financial health.
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08/22/2008 04:30 AM |
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Microsoft Taps Seinfeld As New Pitchman |
Microsoft is trying to increase their cool quotient by placing comedian Jerry Seinfeld in ads with company chairman Bill Gates. Seinfeld will reportedly be paid $10 million.
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08/21/2008 08:00 PM |
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Hallmark Introduces Gay Marriage Cards |
The nation's largest greeting card company is rolling out same-sex wedding cards - featuring two tuxedos, overlapping hearts or intertwined flowers, with best wishes inside. "Two hearts. One promise," one says.
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08/21/2008 08:30 PM |
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NFL Union Leader, Gene Upshaw, Dies |
Gene Upshaw, the Hall of Fame guard who as union head helped get NFL players free agency and the riches that came with it, has died. He was 63.
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08/20/2008 07:00 PM |
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Investor Support Of Climate Action Grows |
Shareholder resolutions related to climate change more than doubled over the past five years. Moreover, the Boston-based coalition Ceres says support for those measures averaged more than 23 percent in 2008, a new high.
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08/20/2008 11:30 PM |
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Fewer Workers Killed On Job In 2007 |
The number of workers killed on the job annually dropped to a historic low in 2007, the Bureau of Labor Statistics said, although there were significant increases in some types of fatal injuries, and workplace homicides were up 13%.
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08/19/2008 08:30 PM |
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Wholesale Prices In Fastest Rise Since '81 |
The Labor Department reported that wholesale inflation surged in July, leaving U.S. prices for the past year rising at the fastest pace in 27 years. Housing construction also fell in July to the lowest pace in more than 17 years.
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08/21/2008 01:00 AM |
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In Back To School, It's Economics 101 |
Consumers going back-to-school shopping are getting a crash course in economics. Higher gas and food prices are leaving little in their pockets for this year's school supplies, Sandra Hughes reports.
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08/19/2008 01:00 AM |
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Media Faulted For Coverage Of The Economy |
Media coverage of the economic downturn in the U.S. has lagged behind both economic activity and public interest, according to a study being released Monday by a Washington, D.C.-based research group.
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08/19/2008 06:00 AM |
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The Airline With A Success Secret |
With jet fuel prices soaring, U.S. airlines are having trouble staying afloat. But one maverick airline is bucking the trend - and actually making money. Nancy Cordes reports on Southwest's secret of success.
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08/19/2008 01:39 PM |
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Spruce Up Your Home For A Quick Sale |
If you're planning on putting your home on the market, consider fixing it first. Simple cosmetic changes don't cost very much and they can make a real difference to a buyer.
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08/19/2008 01:00 AM |
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With Prices Falling, SoCal Home Sales Up |
Southern California home prices fell 31.1 percent in July from last year, with bargain hunters snapping up foreclosed properties and sending overall sales to a 16-month high, a research firm said.
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08/18/2008 12:30 AM |
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Inside The National Enquirer |
When you think of great investigative journalism, sensational tabloids don't ordinarily spring right to mind. But the John Edwards affair story was broken by The National Enquirer. Kelly Cobiella visits the tabloid . and tells all.
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08/16/2008 07:36 PM |
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Where The Jobs Are -- Even Now! |
Vera Gibbons talked about the industries and regions where work is easier to find, even in this economy.
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08/16/2008 08:30 AM |
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Hershey To Up Candy Prices 11 Percent |
The country's largest candymaker cites the soaring costs of raw materials such as cocoa, sugar and peanuts as the reason for the price increase.
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08/16/2008 07:00 AM |
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Stocks End Mixed On Credit Concerns, Oil |
Wall Street ended a mixed week that saw upbeat sentiment about falling oil prices and lingering concerns over weak credit markets and the economy.
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08/15/2008 04:30 AM |
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FAA Accuses American Of Safety Violations |
The Federal Aviation Administration said it is seeking $7.1 million from American Airlines for continuing to fly airliners after safety problems were reported and for drug-testing violations.
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08/15/2008 07:00 AM |
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Race To Be The Biggest In The Sky |
American Airlines and British Airways are asking for anti-trust immunity, so they can work together to set schedules and fares. And for American Airlines, like many other U.S. carriers, it's do or die, Nancy Cordes reports.
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08/14/2008 08:30 PM |
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Consumer Prices Twice As High As Expected |
U.S. consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
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08/14/2008 11:00 AM |
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Intel PCs Soon To Take Wake-Up Calls |
Intel Corp. is unveiling a way to let computers wake up from their power-saving sleep mode when they receive a phone call over the internet.
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08/14/2008 07:30 PM |
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American Airlines Inks 3-Way Deal |
British Airways PLC, American Airlines and Spain's Iberia SA said they have signed a joint business agreement on flights between North America and Europe.
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08/15/2008 07:00 AM |
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Retail Sales At Weakest Point In 5 Months |
Retail sales fell in July, the weakest performance in five months, as shoppers shunned autos and other big ticket items.
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08/14/2008 11:00 PM |
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Paying College Tabs As Loans Dry Up |
Ray Martin offered advice to help students and their families in the current financial climate, on The Early Show.
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08/14/2008 09:30 AM |
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2 House Republicans Seek Countrywide Probe |
The proposed investigation would look into whether House lawmakers or staffers received preferential treatment from the mortgage lender.
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08/13/2008 11:00 AM |
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Room For Innovation As Shipping Costs Soar |
No one feels the pinch of high fuel prices more than companies that depend on shipping goods. With fuel surcharges rising up higher than 30 percent, companies are looking for new solutions, Nancy Cordes reports.
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08/13/2008 01:03 PM |
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How To Buy Foreclosures, Safely |
Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor.
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08/13/2008 09:00 AM |
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Best Buy First Independent iPhone Retailer |
U.S. retailer Best Buy is set to become the first chain to sell the iPhone outside of Apple's and AT&T's own stores.
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08/13/2008 08:30 PM |
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U.S. Drivers Hitting The Road Less |
As summer vacation season kicked in, Americans got out of their cars, driving 12.2 billion fewer miles in June than the same month a year earlier.
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08/13/2008 12:30 AM |
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Charting Tech Consumer Confidence |
The new CEA-CNET Consumer Sentiment Indexes are an economic index for researchers, academics, the media and the tech industry to use as an indicator of economic climate and outlook.
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08/12/2008 07:00 PM |
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Most Companies Pay No Federal Income Tax |
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.
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08/12/2008 07:30 PM |
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June Trade Deficit Shrinks As Exports Soar |
The U.S. trade deficit unexpectedly fell in June as exports advanced to an all-time high, offsetting another big surge in oil imports.
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08/11/2008 08:30 PM |
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New Premium Grapes Sold For $910 In Japan |
A new variety of premium grapes debuted in Japan, with a single bunch fetching as much as 100,000 yen, or $910.
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08/11/2008 07:00 AM |
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Paulson Backs Bush On Wall St. Hangover |
Treasury Secretary Henry Paulson says there's a lot of truth to U.S. President George W. Bush's comment that Wall Street "got drunk and now it's got a hangover," and it will aid understanding of the current economic climate.
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08/09/2008 10:00 AM |
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SEC Opens Formal Probe Of Countrywide |
The SEC has escalated its scrutiny of Countrywide Financial Corp. into a formal investigation, according to a regulatory filing by Bank of America Corp.
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08/07/2008 11:00 PM |
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Citigroup Returning Billions To Investors |
Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators announced.
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08/09/2008 08:00 AM |
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Whole Foods Recalls Possibly Tainted Beef |
Worries over a possible E. coli bacteria contamination have prompted Whole Foods to recall beef sold between June 2 and August 6.
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08/07/2008 10:30 PM |
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Lexus Tops J.D. Power Dependability Survey |
Lexus once again stands alone atop a closely watched ranking of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J.D. Power and Associates said.
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08/07/2008 07:30 PM |
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Key Jobless Figure Hits 6-Year High |
The number of newly laid off people signing up for jobless benefits climbed to its highest point in more than six years as companies cut back given the faltering economy.
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08/08/2008 11:28 AM |
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Decoding The Latest Business Buzzwords |
Buzzwords have always been a part of the business lexicon. But just like street slang, the language of business changes.
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08/07/2008 09:00 AM |
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Google Launches Music Service In China |
Google's free music search service in China allows users to access music legally online.
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08/07/2008 12:30 AM |
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"Bus Rage" Ads Scrapped After Beheading |
Greyhound has scrapped an ad campaign that extolled the relaxing upside of bus travel after one of its passengers was accused of beheading and cannibalizing another traveler.
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08/06/2008 03:00 AM |
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Wall Street Surges After Fed Decision |
An already rallying Wall Street extended its advance after the Federal Reserve left interest rates unchanged and assuaged some of the market's fears about the economy.
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08/06/2008 11:30 PM |
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Brewer Can Use "Try Legal Weed" Bottle Cap |
A Northern California brewer who tangled with federal regulators over the caps on his beer bottles said officials have given him permission to keep the message "Try Legal Weed."
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08/06/2008 04:00 AM |
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Morgan Stanley To Help With Mortgage Mess |
The Treasury Department hired investment firm Morgan Stanley to help the government assess the risks faced by mortgage giants Fannie Mae and Freddie Mac.
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08/06/2008 01:00 AM |
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Fed Leaves Key Interest Rate Unchanged |
The Federal Reserve, confronted with the perils of a slumping U.S. economy and rising inflation, has decided for a second straight meeting to leave interest rates unchanged.
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08/06/2008 08:00 AM |
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Oil Prices Keep Dropping On Demand Worries |
Oil prices fell $2.18 a barrel on expectations the economic downturn in the U.S. will erode consumer demand for crude products. The U.S. dollar's gains against the euro also contributed to lower oil futures' prices.
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08/05/2008 09:30 PM |
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Starbucks Expands Half-Price Drink Deal |
With foot traffic dropping, the coffee chain has announced it is expanding its discount for repeat visitors nationwide, offering half-price iced drinks in the late afternoon to those who show a receipt for a morning visit.
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08/05/2008 06:00 AM |
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Want A Pillow? JetBlue To Charge $7 |
JetBlue Airways Corp. said it will begin charging customers for pillows and blankets by offering an "eco-friendly" travel blanket and pillow that can be purchased for $7 on flights longer than two hours.
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08/05/2008 12:30 AM |
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Car Leases Will Be Harder To Get, Costlier |
Just when motorists were starting to adjust to exorbitant gas prices, they face the prospect of much higher costs, fewer choices and a dearth of financing options if they want to lease their next car.
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08/04/2008 10:00 PM |
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Adjusted Consumer Spending Dropped In June |
U.S. consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.
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08/02/2008 06:30 AM |
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Yahoo Board Unscathed After Annual Meeting |
