All Latest News Wires
Stocks surge on expectations of central bank helpGreece's upcoming elections had investors around the world on edge today, but a report that major central banks were readying to pump money into the troubled country gave the Dow Jones average a late surge, closing up 155 points.
Allen Stanford gets 110 years in prison for $7B Ponzi schemeAllen Stanford was sentenced Thursday to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in US history. A Texas tycoon and former billionaire, Allen Stanford used to be one of the richest men in the country.
JetBlue fliers sue over pilot meltdownJetBlue fliers sue over a New York to Las Vegas flight where the pilot had to be physically restrained, claiming they feared for their lives. Ten JetBlue fliers sued the airline, citing 'gross negligence' in letting Capt. Clayton Osborn fly.
Nokia planning to cut 10,000 jobs, close plantsNokia Corp. will lay off 10,000 workers globally and shutter some of its facilities, the company said Thursday. The world's top cellphone maker last year, Nokia has struggled with competition from Apple and Google.
US stocks end lower as Europe teetersThe Dow average shed 77 points to end at 12,496 after another day of volatile trading around the globe. The Dow had been down as much as 120 points and up as much as 24 points. This follows triple-digit gains on Tuesday and losses on Monday.
Gas prices fall amid lower US retail salesGas prices in the US fell less than a penny to $3.539 per gallon overnight Tuesday, dropping 16 cents below gas prices a year ago.
Town swears off swearing, passes $20 profanity fineTown swears off swearing: Middleborough Mass. residents have voted to make the foul-mouthed among them pay a $20 fine for swearing in public. Locals say the decision for the town to swear off swearing was the result of public profanity hurting local businesses.
Saab, bankrupt, has a buyerSaab has inked a deal with an electric car-making consortium of Hong Kong and Japanese investors. The purchase of Saab would save the bankrupt Swedish brand from insolvency.
Donations via text approved for Obama, Romney campaignsDonations via text message have been approved for US campaigns and political groups by the FEC. Donations via text will be capped at $10 per text, $50 per month.
Encouraged by the Fed's positive comments, stocks rise sharplyErasing a big decline from the day before, the Dow Jones increased by 162 points to close at 12,573, as every major category to stock in the market closed higher. The president of the Fed's Chicago bank said he supports super-low interest rates, encouraging investors.- New push for Starbucks: U.S. productsA new line of Starbucks U.S. products will raise money for the Create Jobs for USA fund.
Affordable Care Act ruling is sticky for ObamaAffordable Care Act decision from the Supreme Court may be handed down soon. If the Affordable Care Act is ruled unconstitutional, Obama's key legislative achievement will be for naught, and his reelection chances may be compromised.
Glenn Beck inks $100 million radio dealGlenn Beck has signed a five-year, $100 million syndication contract, extending his popular conservative talk radio program. Glenn Beck left television last year amid dwindling ratings, but his radio show is the third most popular in the US, airing on 400 stations and maintaining a robust, growing following.
Oil prices hit eight-month low in AsiaOil prices near $81 a barrel in Singapore trading. London also sees oil prices fall as worries rise about the adequacy of Spain's bank bailout.
Too good to last: Relief over Spain bank rescue fades quicklyThe news of a bailout of Spanish banks caused a brief burst of optimism to penetrate the gloom of Wall Street Monday. But within hours stocks had fallen again, with the Dow closing down 142 points at 12,411, another large decline.
Euro rally fades after Spain bank rescueOver the weekend, European countries agreed to lend up to $125 billion to Spain to help its crippled financial industry. Traders are concerned that it's only a temporary fix for the European debt crisis.
Jamie Dimon to testify on huge JPMorgan Chase lossJamie Dimon will testify before the Senate Banking Committee Wednesday about JPMorgan Chase's $2 billion trading loss. The Jamie Dimon testimony will be a chance for senators to score big political points.
Joe Paterno's will sealed from the public. Strange move?Joe Paterno's will was permanently sealed from public view as a measure of privacy for the Penn State coach's family. Attorneys call the move to seal Joe Paterno's will 'very strange.'
OPEC may cut oil surplus. Higher prices to follow?OPEC has hinted that it could take measures to reduce an oil glut that has sent barrel prices tumbling. Oil prices fell below $100 a barrel last week, prompting OPEC to take action.
Stock market rescue? Spain's bailout buoys stocks.Stock market in Spain rises 2.5 percent, after Europe announcement of a bailout for its banks. Asia and other European markets also move up, as futures point to a higher open on the US stock market.
