All Economy
- GM reclaims title as world's No. 1 automakerGM is once again the top-selling automaker in the world. The company's sales jumped 7.6 percent over the last year.
- Is Mitt Romney really a job creator? What his Bain Capital record shows.Mitt Romney is running for president on his business acumen, saying he knows what it takes to create jobs. He puts less emphasis on what he knows about eliminating jobs. Marion, Ind., has experienced both via Romney and Bain Capital.
- A federal umbrella for state rainy days?If states were characters from Aesop’s Fables, they’d be more grasshopper than ant. With a little help from the federal government, maybe more states could find their inner ant.
- Burger King delivery: Have it your way. At home.Burger King delivery services are available at select locations in Washington, D.C., and will soon expand. Can you get Burger King delivery?
- Jobless claims lowest in three years“Initial” unemployment dropped 50,000 to 352,000 claims, while seasonally adjusted “continued” claims declined by 215,000
- William Shatner 'dies' again. Bye-bye Priceline Negotiator.William Shatner ends his 14-year run as Priceline pitch man in new ad, complete with fiery bus crash. The company is dropping William Shatner as it changes strategy.
- Finally, some good news for the housing marketThe latest housing market index shows that all measures increased in January, propelling the composite HMI index to its highest level since 2007
- Medicare fraud: Florida hands down prison sentenceMedicare scheme defrauded program of $200 million through fake entities and money laundering. So far, 10 people have pleaded guilty or been convicted in the Medicare fraud.
- Here's exactly how much you'll save doing laundry in cold waterThe numbers are clear: if you wash on hot, you’re dumping water and money down the drain.
- Eastman Kodak files for bankruptcyEastman Kodak ruled the photography world for over a century, but on Thursday Eastman Kodak filed for Chapter 11 bankruptcy protection
- Despite his words, Romney's policies are terrible for the poorMitt Romney claims to be "concerned" about the poor, but his policy proposals would seriously damage the social safety net that helps the country's poor survive.
- Europeans fear Iran oil embargo will wreck economyWith a proposed embargo on Iranian oil, the European Union and the US could suffer from rising oil prices while Iran simply finds new buyers.
- Obama tried to help the budget supercommitte. Really.In September, the president proposed a budget to the supercommittee that included budget cuts meant to please Republicans. Yet some say he failed to "reach across the aisle."
- Obama puts Keystone pipeline on hold, decries 'rushed and arbitrary' deadlineSpeaker Boehner accuses Obama of 'selling out American jobs for politics,' but Keystone pipeline operator TransCanada says it will submit plans for a rerouted project later this year.
- Biotech stocks are the market's breakout starsThe action in the biotech sector of the stock market is huge, but risk-averse investors should proceed with caution.
- Strong housing report boosts stocksThe Dow and the S&P 500 had their highset closing numbers since July, propelled by a surprisingly strong report on the housing market and the possibility of more money for the International Monetary Fund. The Dow rose 96 points to close at 12578, and the S&P gained 14 points to end the day at 1308.
- Romney's tax loopholeMitt Romney probably manages to pay a 15 percent tax rate by treating his generous compensation from Bain Capital as capital gains. It's a loophole that unfairly benefits high earning private-equity managers.
- Foreclosure hardest on low-income homeownersForeclosure is hardest on low-income and minority homeowners, and the gap in foreclosure rates is just the latest indication of a widening rift between rich and poor.
- Why the Euro debt downgrade matters (even though it shouldn't)Credit ratings of national governments shouldn't be mandatory, but they affect treasury bond yields in countries that are already hurting financially.
- Mortgage rates continue fallingThe average rate for a 30-year fixed rate mortgage dropped to 3.98% since last week.