All Latest News Wires
Spanish banks to get bailout. Spain left holding the bag.Markets may not be impressed with Europe's latest rescue of Spanish banks, because the bailout will increase the liabilities of the Spanish government by up to €100 billion.
Spain bows to inevitable, will seek bailoutSpain will be fourth euro nation to ask for help. Bailout will be for Spain's troubled banking sector, so no added austerity measures are expected.
Oil prices edge down, near October lowsOil prices close at $84.10 a barrel, weighed down by global economic weakness and rising production. Oil prices are now 25 percent below their high in February.
Father's Day gifts: seven great online dealsFather's Day gifts range from deals on auto parts to food seasonings for grilled food. Online deals offer up to 25 percent off Father's Day gifts, but they often come with a minimum purchase requirement.
Stocks lose steam after Bernanke speaksUp 140 points in the morning, Dow closes only 46 points higher. S&P and Nasdaq finish slightly lower. Stocks fell after Fed Chairman Bernanke remained coy on the possibility of more central bank stimulus for the economy.
Merkel says Europe ready to act as big downgrade hits SpainFitch slashes Spain's credit rating three notches to BBB. Germany and the rest of EU are ready to use instruments to support euro zone, Merkel says.
China's interest rate cut hints at sharper downturnChina's surprise cut suggests its economy or its inflation is slowing faster than expected. Rate cut includes a doubling of discount rate, encouraging banks to lend.
Mortgage rates reach record low. Have they hit bottom?Mortgage rates for 30-year fixed loans have dropped to a record low of 3.67 percent.
Time to sell? Best Buy founder quits board, explores sale.It's the latest news to hit the Minneapolis company facing a CEO scandal and increasing competition from online retailers, and it removes one obstacle for a possible private equity takeover.
Speedo firing appeal: Should 'swimsuit cop' get job back?Speedo firing appeal features a Utah policeman who lost his job after he flaunted a green swimsuit at a school skit. Even if he wins the Speedo firing appeal and gets reinstated, Provo schools won't ask him back.
US stocks: Rally unlikely to last. Buy gold?US stocks rising on 'hopes and prayers,' analysts says. If economic weakness continues, rally in US stocks likely to last hours or days, not months.
LinkedIn, eHarmony: Data thieves leak passwordsLinkedIn, eHarmony say users' passwords were stolen and leaked onto the Internet. LinkedIn, eHarmony didn't reveal extent of breach, but reports say more than 6 million passwords have been distributed online.
Happy Wednesday! Dow leaps 286 points, best day of the yearThe rally started early and gathered force in the afternoon. The charge turned the Dow positive for 2012 and erased the biggest loss of the year less than a week after it happened to close at 12,414..
Will central banks act? Markets say yes.Although the European Central Bank kept interest rates steady, stock and commodity markets were buoyed by optimism that central banks will provide stimulus to a weakening global economy.
Student loans: Will more transparency help?Student loans, tuition, and other costs will come with more disclosure from 10 colleges and universities. Estimated monthly payments on student loans after graduation will keep families from taking on too much debt, White House says.
Starbucks stock takes hit, but plan looks solidStarbucks stock falls after the company announced it was going to buy La Boulange bakery chain. But Starbucks stock could benefit by diversifying into food.
Stocks inch higher as investors await Europe newsThe major market indexes closed modestly higher, after wavering between slight gains and losses throughout the morning. Trading volume was light and the stock moves were small, as the Dow Jones rose rose 26 points to 12,127.
Paycheck Fairness Act up for Senate votePaycheck Fairness Act aims to aims to strengthen the Fair Labor Standards Act's protections against paycheck inequities based on gender. The Paycheck Fairness Act is up for a Senate vote Tuesday.
All but three states reject 'pink slime' in school lunchesThe vast majority of states participating in the National School Lunch Program have opted to order ground beef that doesn't contain the product known as lean finely textured beef, or 'pink slime.'
European markets lose early gains. Hopes slim for G7 action.Euro STOXX 50 erases gains. Spain says it's shut out of credit markets. Eurozone retail sales, German industrial production fall. G7 finance chiefs confer Tuesday, but analysts expect little concrete action.
