All Latest News Wires
Wal-Mart rethinks overseas strategy, nixes planned storesWal-Mart will slow its growth in China and Brazil in an effort to make current stores more profitable.
Housing construction falls. But permits, optimism rise.Housing market sees 1.1 percent drop in construction of homes, apartments. But building permits for new housing rise to four-year high.
Facebook shares hit new low as lock-up period expiresIt's been a rough run for Facebook. After one of the most-anticipated IPOs in history, Facebook suffered what may be the most-botched public offering as trading glitches marred its first day. It's been almost all downhill for the Menlo Park., Calif., company since then.
William Shatner as 'Negotiator': He's backWilliam Shatner reprises his role as Priceline's Negotiator in a new ad. But can William Shatner save struggling Priceline?
Mobile pay: Target, Wal-Mart, Best Buy jump on board phone paymentsMobile pay could replace credit cards with phone taps. Now Target, Wal-Mart, and Best Buy have joined together to bring mobile-pay options to their stores.
Wells Fargo settlement for risky investments: $6.6 millionWells Fargo settlement doesn't include admitting wrongdoing. Before the Wells Fargo settlement, the Securities and Exchange Commission had charged that its brokerage unit had improperly sold high-risk investments to cities and towns.
Retail sales buoy hopes for economyRetail sales rise 0.8 percent in July, the most since February. Every major category of retail sales show improvement.
Groupon shares: Suddenly cheaper, but a good buy?Groupon shares fell 27 percent in trading Tuesday after the company reported its first decline in gross billings. Groupon shares are now down 72 percent from their IPO price last November.
Standard Chartered to pay $340 million for money-launderingStandard Chartered agrees to pay $340 million to New York after state officials charged it had laundered money for Iran. Standard Chartered will also bolster money-laundering supervision.
Home Depot profit, outlook brightensHome Depot says better sales in US will boost its earnings this year. Home Depot shares jump 68 cents.
Eurozone economy shrinks. Germany ekes out growth.Eurozone conracts by 0.2 percent for the second quarter. Germany manages a slightly better-than-expected 0.3 percent, while debt-laden euro nations shrink.
Social Security: $8.6 trillion deficit? $134 trillion? Both.Social Security taxes would have to rise 2.67 percentage points to cover Social Security's 75-year deficit.
Stocks fall as malaise hits JapanS&P breaks six-day winning streak with small decline. Japan's slower-than-expected growth weighed on the stock market.
Social Security: Surplus dwindling, huge shortfall loomsSocial Security surplus is projected to run out in 2033, forcing a 25 percent cut in benefits. To fix Social Security, Congress would have to find $8.6 trillion.
Gas prices surge 34 cents since JuneGas prices rise unexpectedly from a combination of refinery and pipeline problems and increase in oil prices. But analysts don't expect average gas prices to reach $4 a gallon.
Facebook stock gets boost from Netflix CEOFacebook stock may be down 40 percent since its debut in May. But Netflix CEO Hastings is a believer, buying $1 million of Facebook stock.
Dime sells for $1.6 million. Rare mint. 139 years old.Dime sells for $1.6 million at auction to anonymous buyer. The 1873-CC 'No Arrows' Liberty Seated dime was part of a collection of US coins minted in Carson City, which sold for $10 million.
Drought slashes corn forecast. So prices fall?Corn prices fall despite USDA forecast of worst corn yield in more than 15 years. Commodity traders had expected the poor forecast.
Chinese economy slows sharply. Stimulus ahead?China's export growth plunges to 1 percent in July. Factory output, car and retail sales also decline more than expected.
E*Trade fires CEO as customers flee stocksE*Trade appoints chairman as interim CEO while it looks for a replacement. E*Trade shares have fallen 27 percent in the past year.
