All Latest News Wires
Hedge funds: Did they trigger financial crisis?Hedge funds didn't cause the financial crisis. But new research suggests that when a few hedge funds figure out how to tell good securities from bad ones, they can trigger a systemic collapse.
Facebook IPO likely to rank company among world's largestFacebook IPO expected to be as high as $100 billion and will rank Facebook among the largest public companies in the world.
World markets rattled, but Dow only down sixThe wait for an expected deal between Greece and its creditors hurt financial markets around the world, but US stocks only dropped slightly. The Dow lost 6 points to close at 12653 after being down as much as 131 points earlier Monday.
Stocks fall. Greece weighs on markets.Stocks are down in Asia and Europe ahead of a key European summit. S&P futures are also lower. Investors shun stocks as concerns linger about Greece's long-term solvency.
Ford: Income skyrockets. Best year in a decade.Ford saw its income jump 200 percent last year with a special tax allowance. Even without that, Ford has notched 10 consecutive quarters of profits.
CEO pay cut: Who saw pay halved in '11?CEO pay of $84 million earned him the top spot in 2010, but dropped to $43 million in 2011. So who was tops in CEO pay last year? Apple's Tim Cook.
College tuition costs: Hold 'em down or else, Obama saysCollege tuition costs could determine how much federal aid colleges and universities get, President Obama says in a speech at the University of Michigan. College tuition costs rose 7 percent at the university this year.
$132.9 billion: Remember TARP? It still owes you.$132.9 billion short, the 2008 US bailout of the financial system could continue through 2017. Some of the $132.9 billion TARP money will never be recovered.
Tech stocks: Growth ahead for handheld game consolesTech stocks subsector face growing competition from mobile phones and tablets. But one tech stocks analysts sees up to 20 percent revenue growth in 2012 for makers of handheld game consoles.
AT&T posts huge loss on charges, iPhone subsidyAT&T lost $6.7 billion in the fourth quarter, its first lost in three years. AT&T remains heavily dependent on iPhone for subscribers.
30-year mortgage rate rises for first time in 201230-year mortgage rate climbes to an average 3.98 percent. Last week, the average 30-year mortgage rate stood at a record low 3.88 percent.
Stocks lowered by mixed economic dataA brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis, the Dow closed down 22 points at 12734.
Taco Bell breakfast debuts; some stores open 24 hoursTaco Bell breakfast is here. The Mexican-style fast-food chain that caters to the late-night snacking crowd with tacos and gorditas, introduced a Taco Bell breakfast menu Thursday at almost 800 restaurants in 14 states.
Right to work gets first foothold in Rust BeltRight to work legislation finally passes House in Indiana. Governor is expected to sign law, which bans labor contracts that force workers to pay union fees.
JCPenney: lower everyday prices, fewer salesJCPenney ran 529 promotions last year. So JCPenney will simplify sales events and permanently slash prices.
Stocks bounce on low interest rate promisesThe Dow rose 83 points to close at 12758, its highest close since May 2011, after the Federal Reserve pledged to keep interest rates near zero for almost three more years.
E-filing taxes: IRS ready to receive your moneyE-filing taxes begins in earnest as Internal Revenue Service begins accepting electronically filed returns. E-filing taxes is free to anyone, but those making $57,000 or less can get more free help.
Social Security: Florida retirees eye GOP candidates' fixesSocial Security rescue plans vary among GOP presidential candidates. A majority of Florida's Republican retirees support raising age when Social Security benefits kick in.
Greek default worries send stocks lowerThe Dow fell 33 points to close at 12676 Tuesday on concerns that a deal to prevent a default by Greece might fall through
Super Bowl tickets, package for sale? Caveat emptor.Super Bowl tickets, travel packages should be treated with caution, Massachusetts officials warn New England Patriot fans. Advisory says fans should buy Super Bowl tickets only from licensed resellers.
