All Latest News Wires
Peter Madoff, Bernie's brother, pleads guilty to fraudPeter Madoff blamed his brother Bernard Madoff while pleading guilty to conspiracy and falsifying records. Peter Madoff agreed to serve 10 years in prison for his part in the largest known Ponzi scheme in history.
Facebook stock: How it's fared since IPOFacebook stock fell for the third straight day Friday. How has the stock done since its debut? A look at Facebook stock's first 30 trading days on the market.
Gas prices lowest since January, but oil soarsGas prices hit a $3.35 national average – the lowest since Jan. 6. But oil prices soared Friday, hinting that gas prices may be back on the way up.
World markets surge after Europe finds rescue planFinancial markets around the world jumped higher Friday with the Dow Jones industrial average climbing 277 points, closing at 12,880, and the Standard & Poor's had its best day of the year. Stocks advanced even further in Europe.
Gold prices drop after Obamacare ruling, Euro summitGold prices for August delivery fell $28 to finish at $1,550.40 an ounce. Gold prices and other commodities fell after after the US Supreme Court ruling on health care and a European summit meeting heightened concerns about demand for basic materials.
Emancipation Proclamation fetches $2.1 million at auctionEmancipation Proclamation original copy, signed by Abraham Lincoln, sold at a New York auction for $2.1 million Wednesday. It's onlt the second highest priced Emancipation Proclamation copy.
Philadelphia Mint reveals how it makes 12 pennies per secondPhiladelphia Mint reopens to the public with a $3.9 million self-guided tour. This was the first update to the Philadelphia Mint tour since 1969.
Microsoft fine, $1.1B, upheld in antitrust suitMicrosoft fine costing $1.1 billion was upheld, resulting in the largest fine ever from a single antitrust case in Europe. The Microsoft fine was levied by the European Commission's antitrust suit.
Oil prices fall ahead of eurozone meetingOil prices dropped to near $80 a barrel Thursday as markets awaited a meeting between Europe's leaders menat to find solution's to the region's debt crisis. Benchmark oil prices were down 17 cents to $80.04 per barrel.
T-Mobile CEO quits amid falling revenuesT-Mobile CEO Phillipp Humm resigned Wednesday as the company continued to struggle to compete in the mobile industry. Humm had been serving as T-Mobile CEO since November 2010.
Stocks rise on stronger US housing, factory dataA rare double dose of good news about the US economy sent stocks surging up Wednesday. The Dow Jones industrial average rose 92 points, contributing to a closing bell tally of 12,627, despite continued fears about the eurozone crisis.
Student loans deal nears, but cost worries lingerStudent loans are being debated by Congress this week and students and college administrators still have concerns over skyrocketing college costs. Any changes in student loans would have the greatest impact the neediest students, administrators say.
Apple iTunes store comes to AsiaApple expanded its online iTunes store to include Taiwan, Hong Kong, and 10 other Asian countries. Previously, Apple users in the company's fastest growing region could only access the iTunes store by using gift cards sold in Europe and the US.
Rupert Murdoch, News Corp. confirms possible two-way splitRupert Murdoch and his behemoth parent company News Corp. confirm that a possible shake-up is in the works, with the media conglomerate exploring the idea of splitting into two publicly traded companies.
Sheryl Sandberg becomes Facebook's first board womanSheryl Sandberg, Facebook's chief operating officer, has become the first woman on the company's board of directors. Sheryl Sandberg has been with Facebook since 2008, when the social-networking site lured her away from Google.
Cyprus seeks bailout, following Spain. Who's next?Cyrpus became the fifth country to seek financial aid Monday, as Cyprus banks suffered heavy losses on Greek debt.
Weary investors sell stocks as Spain seeks helpSpain formally asked for help to rescue its ailing banks, but its request left many questions unanswered, including just how big a bailout it needs. Unsettled markets contributed to the Dow dropping 138 points to close at 12,502.
Spain makes official debt bailout requestSpain bailout: The country has made a formal request for a loan to help clean up its troubled banking sector. The Spain bailout could take up to $77.7 billion to help the country's banks survive.
Bernard Madoff victims to get $405M in settlementBernard Madoff investment scam victims will get $405 million settlement payout from hedge fund manager J. Ezra Merkin. Additionally, New York state will get $5 million to cover the cost of the settlement for the Bernard Madoff victims.
30-year mortgage rate falls to record 3.66 percent30-year mortgage rates continued to spiral downward last week, falling to yet another low. The average 30-year mortgage rate fell to record low for the seventh time in eight weeks.
