News
$26 billion housing deal
Thu, 09 Feb 2012 11:31:10 EST
In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.
Stocks skid in choppy trading
Thu, 09 Feb 2012 10:58:51 EST
U.S. stocks drifted lower in choppy trading Thursday as investors continued to focus on Greece.
Greece reaches deal on austerity
Thu, 09 Feb 2012 10:09:52 EST
Greek leaders finally agreed to a series of austerity measures, the first step toward securing a €130 billion bailout that Greece so desperately needs.
Warren Buffett: Why stocks beat gold and bonds
Wed, 08 Feb 2012 13:22:34 EST
Investing is often described as the process of laying out money now in the expectation of receiving more money in the future. At Berkshire Hathaway we take a more demanding approach, defining investing as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power -- after taxes have been paid on nominal gains -- in the future. More succinctly, investing is forgoing consumption now in order to have the ability to consume more at a later date.
PepsiCo to cut 8,700 jobs
Thu, 09 Feb 2012 10:46:58 EST
PepsiCo announced plans on Thursday to cut about 8,700 jobs as part of an effort to save some $1.5 billion in costs.
Kodak ditches digital camera business
Thu, 09 Feb 2012 10:59:17 EST
Kodak is exiting the digital camera business and it will instead license its brand name to other camera manufacturers, the company announced Thursday.
New nuclear reactors set for approval in Georgia
Thu, 09 Feb 2012 11:21:00 EST
The U.S. Nuclear Regulatory Commission is expected to approve licenses to build to two new nuclear reactors Thursday, the first approvals in over 30 years.
Fewer young adults hold jobs than ever before
Thu, 09 Feb 2012 05:32:58 EST
The share of young adults with jobs has hit its lowest level since the government started keeping records just after World War II.
The $400-a-year credit card
Thu, 09 Feb 2012 06:48:58 EST
Would you pay $400 a year to own a credit card?
Nuts! Diamond Foods boots CEO
Thu, 09 Feb 2012 10:19:33 EST
Diamond Foods replaced its chief executive officer and chief financial officer and will have to restate its finances for the last two fiscal years because of bad accounting over payments to walnut farmers, the snack purveyor said on Wednesday.
Top 10 counterfeit goods
Wed, 08 Feb 2012 19:32:03 EST
Last year, U.S. Customs and Border Protection seized 25,000 counterfeit goods that were making their way into the country. The total value of that loot: $178.9 million. Here are the top 10 fakes and how to spot them:
Cars of the future: They're tiny and weird
Thu, 09 Feb 2012 05:56:08 EST
Several automakers are moving toward small, shared electric cars that will radically change the way people drive in big cities.
Behind Romney's Bain retirement deal
Thu, 09 Feb 2012 05:39:51 EST
Working in private equity can be lucrative. But leaving private equity can really pay, as everyone has learned recently from Mitt Romney.
Career wisdom in just 6 words
Thu, 09 Feb 2012 09:52:21 EST
You wouldn't think six words could say much, but entries in a recent contest carry bite-sized chunks of insight.
Chinese inflation rate picks up
Thu, 09 Feb 2012 08:21:24 EST
China's inflation rate rose in January, which may dash hopes that the country's central bank will soon take more action to support economic growth there.
Akio Toyoda: Toyota's comeback kid
Wed, 08 Feb 2012 14:47:40 EST
When the final tally was made for 2011, Toyota Motor, formerly the world's largest automaker, slipped to third place in production behind General Motors and Volkswagen. It's not surprising: Toyota has endured a string of calamities over the past three years -- natural and man-made -- that would make even the company's famous paranoia seem like sunny optimism. The latest is endaka, the strong yen that causes everything that Toyota manufactures in Japan to be more expensive and undermines its profitability. A November issue of Automotive News predicted "more misery" for Toyota as "sales slip, floods delay, shoppers stray."
Fisker is not another Solyndra ... yet
Thu, 09 Feb 2012 05:14:11 EST
When Fisker Automotive announced it was laying off about two dozen workers at its Delaware factory, comparisons arose to Solyndra, the solar cell manufacturer that went bankrupt despite billions of dollars in U.S. government help.
12 greenest cars of 2012
Wed, 08 Feb 2012 14:50:41 EST
The American Council for an Energy Efficient Economy has released its list of the most environmentally friendly cars of 2012, but there's one glaring omission.
McDonald's shamrock shake goes nationwide
Wed, 08 Feb 2012 13:58:15 EST
McDonald's extreme-green shamrock shake is going nationwide for the first time, the fast food franchise revealed on Wednesday.
Marilyn Monroe 'officially' joins Twitter
Wed, 08 Feb 2012 15:27:15 EST
Add one more venue where the legend of Marilyn Monroe lives and her voice beckons: Twitter.
Mortgage deal could bring billions in relief
Thu, 09 Feb 2012 11:25:51 EST
In the largest deal to date aimed at addressing the housing meltdown, federal and state officials on Thursday announced a $26 billion foreclosure settlement with five of the largest home lenders.
First Premier's $400-a-year credit card
Thu, 09 Feb 2012 05:45:12 EST
Would you pay $400 a year to own a credit card?
Greece reaches deal on austerity
Thu, 09 Feb 2012 10:09:35 EST
Greek leaders finally agreed to a series of austerity measures, the first step toward securing a €130 billion bailout that Greece so desperately needs.
PepsiCo to cut 8,700 jobs
Thu, 09 Feb 2012 10:46:52 EST
PepsiCo announced plans on Thursday to cut about 8,700 jobs as part of an effort to save some $1.5 billion in costs.
Stocks skid in choppy trading
Thu, 09 Feb 2012 10:57:30 EST
U.S. stocks drifted lower in choppy trading Thursday as investors continued to focus on Greece.
Kodak ditches digital camera business
Thu, 09 Feb 2012 10:59:07 EST
Kodak is exiting the digital camera business and it will instead license its brand name to other camera manufacturers, the company announced Thursday.
Fewer young adults hold jobs than ever before
Thu, 09 Feb 2012 05:31:01 EST
The share of young adults with jobs has hit its lowest level since the government started keeping records just after World War II.
New nuclear reactors set to be OK'd for Georgia
Thu, 09 Feb 2012 11:20:48 EST
The U.S. Nuclear Regulatory Commission is set to approve licenses to build two new nuclear reactors Thursday, the first approvals in over 30 years.
'Ethical iPhone' protests hit Apple stores
Thu, 09 Feb 2012 10:51:25 EST
Protesters visited a half-dozen Apple stores around the world on Thursday to deliver petitions calling for reforms in the working conditions at factories run by Apple's suppliers in China and other overseas locations.
Behind Romney's Bain retirement deal
Thu, 09 Feb 2012 05:38:05 EST
Working in private equity can be lucrative. But leaving private equity can really pay, as everyone has learned recently from Mitt Romney.
Nuts! Diamond Foods boots CEO. Stock plunges.
Thu, 09 Feb 2012 10:17:29 EST
Diamond Foods replaced its chief executive officer and chief financial officer and will have to restate its finances for the last two fiscal years because of bad accounting over payments to walnut farmers, the snack purveyor said on Wednesday.
Groupon stock plunges on net loss
Thu, 09 Feb 2012 11:04:52 EST
Welcome to the big leagues, Groupon. Shareholders punished the stock after the daily deals site posted a surprise loss for its first quarter as a public company.
Homes in foreclosure decline by 130,000
Wed, 08 Feb 2012 09:07:24 EST
Slowly, but surely, the foreclosure crisis seems to be abating.
