All Latest News Wires
Jobless claims rise. Wait, that's good news?Jobless claims were projected to drop last week, but they rose unexpectedly instead. But despite the scary numbers, the jobless claims data may include signs that the economy is making forward progress.
Home sales rise as housing market rebounds. Slowly.Home sales rose in July, continuing a slow rebound for the housing market. Home sales have been a rare bright spot in the economy this year.
Stock market erases losses on Fed signalsAfter spending most of the day in negative territory, the S&P 500 rebounds to eke out a gain after the release of the minutes of the latest Federal Reserve meeting.
Should Michael Dell resign? Dell continues PC sales slump.Dell CEO Michael Dell is struggling to defend the market share of what was once the world's top PC maker against Asian rivals like Acer and Lenovo, not to mention Apple. Michael Dell intends to slash nearly $2 billion in costs over the next few years.
BP recalls gas in Indiana. You can recall gas?BP alerts northwest Indiana drivers that their gas may cause hard starts or stalls. Drivers who have experienced such symptoms can call BP for a refund.
Canada money controversy: Bank apologizes for 'racist' dollar billCanada money controversy over an $100 banknote featuring an Asian woman prompted the bank's governor to apologize Tuesday. Critics accused the central bank of racism in the Canada money controversy.
Best Buy second-quarter profit drops 90 percent, missing estimatesThe poor report was announced a day after Best Buy name Hubert Joly, former CEO of the Carlson travel company as its new CEO and president.
Apple vs. Samsung: Battle royale of smartphone behemothsApple vs. Samsung: Apple wants $2.5 billion from Samsung for 'ripping off' it's iPhone and iPad technology. Samsung wants $399 million from Apply for using its technology. Closing arguments in the Apple vs. Samsung fight are expected Tuesday.
Stock futures nudged higher by possible ECB dealStock futures in the US edged higher Tuesday morning on hopes that the European Central Bank will work out a deal to help Spain and Italy borrow at cheaper rates. Stock futures on the Dow rose 0.2 percent to 13,255.
Facebook stock: Early backer sells most of his sharesFacebook director Peter Thiel dumps some 20 million shares of his Facebook stock as lockup period ends. Facebook stock closes at nearly half its original price.
Stocks edge down as doubts mount about ECB actionStocks fall slightly on one of the lightest trading days of the year. Stock market weighed down by doubts about how forcefully the European Central Bank might act to head off Europe's debt crisis.
Apple stock: the market's new MVPApple stock surges 2.6 percent in Monday trading. Apple stock is now worth $623.5 billion, beating Microsoft's market capitalization during the Internet boom.
Layoffs, pay cuts. Troubled firm? No. 'The Tonight Show.''The Tonight Show' is laying off at least 20 workers in major budget restructuring. Host Jay Leno, other staffers accept pay cuts to avoid more layoffs.
Stocks edge up: Apple hits record high; Facebook, record lowStocks on the S&P 500 index are close to a four-year high while a closely watched fear index briefly touches five-year low.
Oil prices hit three-month high. US eyes oil reserves.Oil prices jump to $96 a barrel, the highest level since May, on improved prospects for the economy. Obama administration says tapping strategic oil reserve is an option.
Dunkin' Donuts app: Swipe a card? That's so passé.Dunkin' Donuts app saves a few seconds off each transaction. Customers who use the Dunkin' Donuts app have their smartphone scanned.
Dollar Tree earnings up 26 percent. Shares fall.Dollar Tree earnings beat analysts' estimates and revenues nearly meet estimates. But Dollar Tree investors send shares down 1.8 percent.
Companies paid CEOs more than they paid in taxesIn all, 26 companies paid their CEOs more in 2011 than they paid in 2011 federal taxes. A new study says Citigroup, Abbott Labs, and AT&T, among others, paid CEOs more than they gave to Uncle Sam.
Romney pays at least 13 percent in taxes. Is that low or high?GOP candidate Romney says he's paid at least 13 percent in taxes every year for a decade. In 2011, he made about $21 million. Middle income families, making from $50,000 to $75,000 a year, average 12.8 percent.
S&P closes near four-year highStocks rise on positive Cisco earnings and a housing report that points to future growth. Wal-Mart and Facebook shares fall.
