All Latest News Wires
30-year mortgage rates fall to new record low 3.49 percent30-year mortgage rates just keep falling. This week, 30-year mortgage rates dipped to a new record, below 3.50 percent for the first time on records going back 60 years.
Airbus A350 plane production delayed. What's the holdup?Airbus A350 production will be set back a few months until the beginning of 2014, the Airbus parent company said Friday. The Airbus A350 is meant to compete with Boeing's 787 'Dreamliner' jet fleet.
Chick-fil-A dilemma: Uphold principles – or just sell chicken?Chick-fil-A president's public criticism of gay marriage have sparked a firestorm that could cut into the fast-food chain's profits. Boston's mayor and a Chicago alderman have vowed to fight the opening of Chick-fil-A restaurants in their cities.
Facebook's earnings disappoint investors, match predictionsIn its first earnings report as a publicly traded company, Facebook indicated its growth is slowing and profit margins are smaller than last year at this time. One analyst says, 'Facebook is no Google.'
Penn State: Insurance firm pulls ads. Will others follow?Penn State football loses State Farm's insurance ads for home games as General Motors reconsiders sponsorship deal with Penn State. Insurance firm says move was 'the best decision.'
Netflix stock plunges on concerns about growthNetflix stock lost 25 percent of its value Wednesday. Analysts say it's growing too slowly domestically. Netflix stock dropped precipitously after last quarter's earnings report.
Facebook stock: First earnings report will be crucialFacebook stock will take center stage once again Thursday, as the social media giant unveils its first earnings report as a public company. Facebook needs a good showing after its rocky IPO two months ago, in which Facebook stock tumbled quickly.
$2.1 million tax refund? It's bogus. Scammer gets prison.$2.1 million tax refund from Oregon was flagged by auditors but got processed anyway. Woman who received the $2.1 million tax refund gets 5-1/2 year prison sentence.
Spain bailout? Market worries eased by ECB comments.Spain bailout concerns have rattled markets in recent days. But stock markets rose after the European Central Bank hinted that it could intervene to lower the nation's borrowing costs, reducing the potential for a full-blown Spain bailout.
Wall Street ends mixedStrong and weak earnings report leave traders scrambling for direction. Dow gains as Boeing, Caterpillar earnings soar, while S&P droops on Apple's earnings miss.
Credit card settlement: Win for retailers? Wal-Mart says no.Credit cards could be charged a retailers' fee for transactions under a $6 billion settlement for fee-fixing by Visa, MasterCard, and issuers of credit cards. But Wal-Mart says the deal won't cap rising merchant fees.
Apple's earnings miss could undermine wobbly marketApple stock falls in after-hours trading after it reports disappointing quarterly earnings and revenue. Apple faces same headwinds as other multinationals with lower earnings this quarter.
Dr. Doom 2013 prediction: Economy will stallDr. Doom 2013 prediction – alias economist Roubini's forecast – contradicts expectation that US economic growth will pick up. But he correctly called the 2008 debacle, so the 'Dr. Doom' 2013 prediction gets plenty of attention.
Tax cut plan: If it fails, average tax bill to rise $1,600Tax cut plan in Congress calls for a one-year extension. But if Republicans, Democrats can't agree, taxes will rise, especially for wealthiest families.
Second day of triple-digit losses for stock marketDow falls 101 points as concerns about Spain's borrowing costs and China's growth rise. Spain bans short-selling.
McDonald's profit slip due to slowing global economy, strong dollarWhen the US dollar is rising against the other world currencies, companies that do business internationally take a hit when converting local currencies back into the dollar.
Stock market: Fears of Spanish bailout spook traders worldwideStock market falls 1 percent or more in much of Asia and Europe. US stock market set for sharp drop, too.
Chick-fil-A: Gay marriage debate and fast-food chicken? Yup.Chick-fil-A president's comments on 'biblical definition' of family create firestorm among gay marriage supporters and opponents. Boston mayor wants to keep Chick-fil-A out of his city.
Haunted by Europe, US market can't get aheadWhile The Street was able to ignore Europe's struggles for the past few days, the struggles of Spain on Friday proved too much for the market to bear. As Spain's stock market plunged 6 percent, the Dow Jones dropped 120 points to close at 12,822.
Morgan Stanley earnings fall sharplyMorgan Stanley misses Wall Street expectations as revenue for its investment banking unit falls 37 percent. Morgan Stanley stock drops.
