Oil Rises Above $97 to a Record

Crude oil rose above $97 a barrel in New York to a record as a storm forecast to produce 36-foot waves in the North...

S&P Downgrades Mortgage Giants Fannie Mae & Freddie Mac

Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S....

Stocks Open Higher On Takeover talk

Stocks rose sharply Wednesday as takeover talks revived investors' hope that the recent tightness in credit won't dampen mergers and acquisitions. Wall Street, which has...

Fitch Reaffirms U.S. AAA Credit Rating, But Outlook Now Negative

Fitch Ratings on Monday reaffirmed its AAA rating for U.S. government debt, but revised its long-term outlook to negative because of the failure of...

U.S. Stocks Rally

US stocks rallied, capping the first weekly advance in a month, after an analyst said more mortgage purchases by Fannie Mae and Freddie Mac...

Microsoft Set to Unveil Windows 8, Surface Tablet

Microsoft Corp launches its new Windows 8 operating system and Surface tablet in New York Thursday, hoping to revive interest in its flagship product...

American Raises Checked-Bag Fees

American Airlines will raise its check-bag fees next month to match those of its rival legacy carriers. Starting Feb. 1, the AMR Corp. unit will raise...

Stocks in U.S. Gain for a Second Day

U.S. stocks rose for a second day as JPMorgan Chase & Co. joined Citigroup Inc. in saying it was profitable in January and February,...

Stocks Fall 376 Points Amid Concern About Europe’s Economy

Stocks logged their biggest drop of the year Thursday as investors worried about two events coming Friday — a German vote on the EU...

Gas Prices Surge 17 Cents In A Week

Gas prices have increased 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in...

FDA Approval of Next-Generation Remote Monitoring and Data Management System for Implantable Cardiac Devices

St. Jude Medical, Inc. (NYSE:STJ) today announced U.S. Food and Drug Administration (FDA) approval of the next-generation Merlin™.net Patient Care Network (PCN), an Internet-based...

Gas Pains: Prices Surge 9 Percent In Two Weeks

There's plenty of economic pain to go around these days because of the recession. Now there's this: Gas prices have surged nearly 9% over...

Stocks Drop on Rising Credit Anxiety

Wall Street fell sharply again Thursday after a French bank said it was freezing three funds that invested in U.S. subprime mortgages because it...

WSJ: HSBC Staff at Heart of Swiss Leaked Client Data

Two HSBC Holdings Plc employees are at the heart of an investigation into the leak of Swiss confidential client data that landed up in...

AT&T Shutting Down Its Internet Phone Service

AT&T is shutting down its CallVantage Internet-based phone service. AT&T Inc. is making the disclosure in letters to subscribers this week. The announcement follows a similar...

US Average Rate on 30-Year Mortgage at 4.51 Percentt

Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years. Mortgage buyer Freddie Mac said Thursday...

US Stocks Closing 7/07/08

U.S. stocks fell, erasing a 111-point rally in the Dow Jones Industrial Average, as growing concern over Freddie Mac and Fannie Mae sparked a...

Spirit Airlines Cancels All Weekend Flights Due To Pilot Strike

Spirit Airlines has canceled all Sunday flights as a result of its pilots walking off the job in a pay dispute on Saturday, and...

Economy Sheds 467,000 Jobs; Unemployment Rate at 9.5%

Employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in...

JPMorgan’s Giant Trading Loss Grows

JPMorgan's finance chief said Friday that the loss from the bank's chief investment office's errant trades has totaled $5.8 billion so far this year. Traders...

Likovid Purim: Corona-Budweiser Revise Deal To Appease Regulators

Anheuser-Bush InBev changed the terms of its proposed $20.1 billion acquisition of Mexican brewer Grupo Modelo Thursday in an attempt to push through a...

More Trouble: Toyota Weighs Possible Recall Of Corollas

Toyota is considering a recall of its hot-selling Corolla subcompact after complaints about power steering problems — another blow to the world's largest automaker...

U.S. Stocks, Commodities, Treasuries Rally as Dollar Falls

U.S. stocks rallied, sending benchmark indexes to 13-month highs, and commodities gained as retail sales rebounded and Asian government leaders pledged to maintain economic...

Nissan Recalls More Than 2.1 Million Vehicles Worldwide

Nissan is recalling more than 2.1 million vehicles worldwide over engine problems, the automaker said Thursday. The Japanese automaker said the problem may cause the...

Toyota Recalls 2.17 Million U.S. Models As Mat Flaws May Affect Gas Pedals

Toyota Motor Corp. said it’s recalling 2.17 million Toyota and Lexus vehicles sold in the U.S. for carpet and floor-mat flaws that could jam...

Dow Drops 411 Points In 3rd Straight Day Of Losses; Trading On Russian Market...

US stocks fell for a third day on Wednesday. Citigroup Inc. and the S&P's 500 Financials Index slid to 12-year lows as the Treasury scrapped...

Dow Closes Down

The dow and the broader market struggled Thursday afternoon as investors weighed a strong read on second-quarter economic growth and continued credit market woes...

KEEP THOSE MACHINES PRINTING: GM, Chrysler Could Get $5.5 Billion More in Bailout Funds

General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race...

Microsoft Office Is Coming To Android Phones, But Won’t Work On Android Tablets

Microsoft is bringing a pared-down version of its Office software to Android phones, but it won't work on Android tablets just as it doesn't...

Dow Ends At 11,000 – First Time In 18 Months

Stocks managed gains Monday, with the Dow industrials closing above 11,000 for the first time in 18 months, after European leaders made loans available...

Record ‘Labor Day’ Gas Prices Won’t Last

Gas prices are higher than they've been going into any other Labor Day weekend on record, but experts predict some relief at the pump...

Report: U.S. Preparing Chrysler Bankruptcy

The Treasury Department is preparing a Chapter 11 bankruptcy filing for struggling U.S. automaker Chrysler that could come as soon as next week, according...

European Central Banks Cut interest Rates

The European Central Bank has cut its key rate by half a percentage point to 3.25 percent, joining the Bank of England, Swiss and...

Obama Mortgage Modification Program Falls Short Of Goals

The Obama administration's mortgage-modification program is not keeping pace with the deluge of foreclosures hitting the market, a government watchdog found. Only 168,708 homeowners have...

Six Flags Seeks Chapt. 11 Bankruptcy Protection

The amusement park company Six Flags sought Chapter 11 bankruptcy protection Saturday, saying it needs to reorganize and shed $1.8 billion of debt. Mark Shapiro,...

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