Gupta Faces More Tipping Allegations
Federal prosecutors said they are planning to unveil previously undisclosed instances in which former Goldman Sachs Group Inc. director Rajat Gupta allegedly
Lawmakers Want Freddie, Fannie On Budget
House lawmakers passed legislation Tuesday to put the operations of Fannie Mae and Freddie Mac on the federal budget and change how the government calculates
Consumer Borrowing Surged in December
Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend
Stocks Close Up on Greece News
US stocks rose Tuesday, helped by reports signaling the Greek government was close to agreeing on budget measures that would open the path to more
Job Openings Rose in December
The number of job openings in the US rose to 3.38 million in December from 3.12 million in November, the Labor Department said Tuesday.
Ford Upset About Chevy Apocalypse Super Bowl Ad
One of the buzziest commercials during this past weekend's Super Bowl was Chevy's Apocalypse ad where they mentioned one of their competitors (Ford) as
Japan Stocks Weaken, Australia Shares Choppy Ahead of Rate Decision
Japanese stocks started weaker, tracking a soft lead from Wall Street overnight, while Australian shares put in a choppy performance Tuesday.
Risk of Greek Exit from Euro Has Risen to 50%, Citigroup Says
Citigroup on Monday raised its estimate of the likelihood of a Greek exit from the euro area over the next 18 months to 50 percent from a prior range of 25
Slow Talks in Greece Drag Down Stocks
Stock indexes closed slightly lower Monday as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to
US Stocks To Focus On Europe
Investors in US stocks, which just wrapped up their best start of the year since 1987, are expected to shift their attention next week toward the ongoing
Greek Party Leaders Weigh Spending Cuts
Greece's three main party leaders were facing difficult decisions ahead of a key meeting Sunday as international creditors press for draconian reforms as a
Paul Says He Wants To Repeal The Year 1913
Rep. Ron Paul frequently calls for repealing laws or eliminating federal agencies in his stump speech for president, but the Texas Republican went further on
Walmart To Start Sharing Sales Data
After decades of zealously guarding its sales data as top secret, Walmart, the world's biggest retailer, has begun to make it available -- most recently in a
Sony Quietly Cuts 100 US Jobs
Sony Electronics, the US arm of the Japanese consumer products company, has cut around 100 workers from its ranks over the past several weeks, AllThingsDigital
Microsoft Removes One of Five Patents from Android Case
Microsoft Corp. has pulled one of five patents used last year to sue Barnes & Noble Inc. for alleged infringement related to the book retailer's use of Google
HP's Whitman Awarded $16.5M Pay Package
Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package that hinges on the one-time politician's ability to lift the
US Drug Maker to Freeze Pay in 2012
Eli Lilly & Co. will freeze base pay for most of its employees in 2012, citing financial pressures caused by patent expirations on top drugs.
Jobs Report a Double-Edged Sword for President
The strong January jobs report was good news for President Barack Obama's re-election prospects, but political history indicates he may need more months of
Unemployment Falls Sharply in US, Rises in Europe
America's job market is starting to heal just as other major economies contend with rising unemployment and the threat of recession.
US Stocks Close at Multi-Year Highs on Upbeat Data
US stocks rose after the US economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its
Micron CEO Dies in Plane Crash
Steve Appleton, the chief operating officer and chairman of Micron, has died in a small plane crash in Boise. He was 51.
Unemployment Rate Drops to 8.3 Percent
The US labor market grew at its most robust pace since last spring in January, a sign that the economy's momentum carried into the new year.
The $100B Question: What is Facebook Really Worth?
What is Facebook worth? As investors dug into the company's freshly-released financials, analysts and investors began circulating a range of values -- from as
Reports: Panasonic To Announce $9.2B Loss
Electronics giant Panasonic is bracing for a record net loss of more than ¥700 billion yen ($9.2 billion) for the year to March due to the strong yen, Thai
Financial Network Under Fire For Iran Ties
The global institution charged with facilitating international financial transactions was embroiled in controversy Thursday over its relationship with Iranian
Stocks Flat After Mixed Economic Data
Investors coasted on Thursday, leaving stocks unchanged while they looked ahead to Friday for a major jobs report. U.S. government bonds hardly moved, and
30-Year Mortgage Rate Falls to Record-Low 3.87 Percent
With economic growth below expectations, mortgage rates hit record lows in the week ending Feb. 2, as the average rate on the 30-year fixed-rate mortgage fell
US Weekly Jobless Claims Fall 12K
US jobless claims dropped by 12,000 to a seasonally-adjusted 367,000 in the week ended Jan. 28, the Labor Department said Thursday.
California Woman Wins Lawsuit Over Honda Hybrid's Mileage Claim
A California woman scored a victory over Honda on Wednesday -- successfully arguing that the auto giant misled her about the fuel economy of her 2006 Civic
Overseas Stocks Rise in Early Trading Despite Tokyo Glitch
Japanese shares rose sharply Thursday out of the open, while Australia also saw a jump in early trading.
Facebook Founder Could Net $28B from IPO
Facebook Inc.'s impending initial public offering will likely net its 27-year-old founder Mark Zuckerberg a fortune of $28 billion.
Facebook on the Stock Ticker: LIKE? POKE? TMI?
Facebook the website is all about grabbing someone's attention. So it's safe to assume that Facebook the company has taken great care in choosing a ticker
US Stocks Rally, Breaking 4-Session Loss Streak
US stocks snapped a four-day losing streak Wednesday, pushing higher on solid manufacturing reports around the globe.
American Airlines Aims to Cut 13,000 Jobs
The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation's third-biggest airline remakes itself under
Facebook Files for IPO
Facebook Inc. on Wednesday filed for an initial public offering that could value the company at between $75 billion to $100 billion, putting the eight-year-old
Report: Nasdaq, NYSE in Tug of War Over Facebook Listing
Bitter rivals Duncan Niederauer's New York Stock Exchange and Robert Greifeld's Nasdaq are locked in a heated battle for Facebook's listing when the privately
US Alcohol Sales Rise 2.7 Percent in 2011
A strong uptick in the sales of booze last year is painting one of the surest signs yet of a return to the pre-recession boom days, according to new data.
Stocks Dip Slightly But Close Out Best January Since Late '90s
A disappointing round of economic data weighed on US stocks Tuesday, but major indexes still posted the largest January gains in 15 years.
Clearer Fee Disclosures Coming to 401(k) Plans
The rules governing America's most popular retirement vehicle are about to change, and that could mean huge savings for millions of workers building nest eggs
Banks Still Cautious to Lend, Fed Survey Says
Banks in the US kept credit fairly tight in the final months of 2011 even as demand for loans rose, a move that is likely to put a brake on the already-slow
Japanese Stocks Open Lower, Australian Shares Flat in Early Trading
Japanese stocks traded modestly softer early Tuesday, with tech exporters weighing on the market amid a rising yen, while Australian shares hovered around the
Facebook Widens Its Lead in Display Ads
Facebook Inc. is widening its lead in the online display advertising market ahead of an expected filing for an initial public offering.
Saving The California Dream: CA's Tax Burden
California is near the bottom of states with greatest tax burden. A new report by the Tax Foundation says California ranks 48th out of 50 states for the worst
Stocks, Bonds Drop on Europe Worries
The wait for an expected deal between Greece and its creditors rattled financial markets around the world Monday. Yields for ultra-safe U.S. government debt
Personal Income Up 0.5 Pecrent in December, Spending Flat
Personal incomes picked up during December but Americans chose to increase savings instead of spending, according to official data Monday, showing a caution
Apple Wrestles with Its 'China Problem'
Apple began last week by basking in record quarterly profits, but then ended the week in a public relations retreat after reports of exploited workers in
Starbucks Paves Way for First Stores in India
Tata Global Beverages said Monday that it finalized an alliance with Starbucks, paving the way for the international chain's much-awaited entry into India.
Job Growth In January Tapers Off
The up-and-down US economy might be finding a more stable path, but there are sure to be some big bumps along the way.
Geithner Sees Growth In Economy
The US economy is likely to grow two percent to three percent this year, Treasury Secretary Timothy Geithner said Sunday, though he warned of the continuing
Gridlock Means Fewer Tax-Return Changes
Thanks to political gridlock in Washington last year, taxpayers will have to grapple with relatively few tax-law changes on their federal income-tax returns
Negotiators Near Greek Debt Deal
Talks between Greece and its private creditors will continue next week, with negotiators on Saturday saying they were near agreement on a voluntary debt swap.
Obama Administration Expands Mortgage-Assistance Program
The Obama administration said Friday it would give troubled homeowners another year to enroll in its signature mortgage-assistance program and increase
Dow Slips After US Economic Growth Disappoints
US blue chip stocks finished in the red Friday after a reading on domestic economic growth fell short of expectations.
Facebook Readies IPO Filing for Next Week
Facebook Inc. could file papers for an initial public offering as early as next week and is close to picking Morgan Stanley as the lead underwriter for its
Economy Grew 2.8 Pct. in Q4
The US economy grew at its fastest pace in more than a year and a half in the final three months of 2011, signaling a sturdier recovery took hold despite
Mixed Opening For Asian Markets
Asian markets were mixed in early trading Friday after Wall Street closed lower due to weak US housing data.
Dow Closes Lower After Morning Rally
A brief morning rally Thursday pushed the Dow Jones industrial average above its highest close since the financial crisis of 2008, but stocks finished lower
New Home Sales Dip in December to End Worst-Ever Year
Sales of new homes retreated in December, perhaps a fitting end to a year which saw a new record low level of sales.
Study: Workers Spend $1,000 Yearly on Coffee
American's weakness for coffee is proven once again in a new survey.
Facial Hair is Part of New Shaving Campaign
Facial hair is very definitely cool again if the new hype from Gillette is to be believed.
US Weekly Jobless Claims Rise
US jobless claims climbed by 21,000 to a seasonally-adjusted 377,000 in the week ended Jan. 21, the US Labor Department said Thursday.
Taco Bell Enters Breakfast Arena
Taco Bell, the fast-food chain that caters to late-night snacking, is making a play for the breakfast crowd.
New App for iPhone and iPad Rewards Couch Potatoes
Want to earn stuff by watching TV? A free app for that debuted Wednesday.
Netflix Profit Declines, but Tops Views
Video rental provider Netflix Inc. said Wednesday that its fourth-quarter profit fell 13 percent on a decrease in subscriptions to the DVD portion of its
US Stocks Rally on Fed Vow, Apple Lifts Nasdaq
Blue-chip stocks raced to an eight-month high, and the Standard & Poor's 500-stock index stepped into a new bull market Wednesday after the Federal Reserve
Fed Says Long-Term Inflation Goal Is 2 Percent
The Federal Open Market Committee said Wednesday its long-term inflation goal is two percent, as measured by the annual change in the price index for personal
GM's CEO Hits Back at Critics over Volt
The head of General Motors Co. on Wednesday told lawmakers he believes that politics played a role in a federal government investigation of battery fires in
Apple Shares Hit Record High after Blowout Results
Shares of Apple jumped Wednesday morning to an all-time high following the company's blowout results for its first fiscal quarter, in which earnings more than
Google to Track Users Across Its Services
In a move that could make it harder for its users to remain anonymous, Google said it would start combining nearly all the information it has on its users.
Facebook Forces Timeline; Tips to Hide Your Past
Facebook will start requiring people to switch to a new profile format known as Timeline, making photos, links and personal musings from the past much easier
Apple Reports Earnings Surge in First Fiscal Quarter
Apple Inc. saw earnings more than double for its first fiscal quarter, reporting results on Tuesday afternoon that blew past Wall Street's estimates, primarily
Stocks End Lower on Earnings, Greece Worries
Stocks are ending lower on concerns that a deal to prevent a default by Greece might fall through.
General Motors CEO Speaks Out on Volt Battery
The chairman and CEO of General Motors Co. is defending the company over battery fires in Chevrolet Volt electric cars last year.
Report: Banks Bypassed Bailout Salary Restrictions
A watchdog says bank executives and Treasury officials pressured a top government official to allow banks to bypass pay restrictions established in the $700
Saving The California Dream: Precision Optical
Precision Optical is a 52-year-old Orange County company that manufactures high-end optical prisms for the aerospace, defense and biomedical industries.
Nearly a Fifth of US Adults Own Tablets, E-Readers
Last year's back-to-school season may not have spurred a ton of tablet and e-reader purchases, but the holidays were a different story, according to new data
Australian, Japanese Shares Open Higher, Defying Losses in US
Japanese and Australian shares made a strong start Tuesday, defying overnight losses in the US.
Mortgage Lenders Offer States New Terms for Draft Settlement over Mass…
The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by
Stocks Mixed As Greece Works On Debt
The S&P 500 index eked out a tiny gain Monday while traders kept an eye on talks in Europe to cut Greece's crushing debt load and prevent a global financial
Saving The California Dream: CA vs. Texas
Saving the California Dream: Studio 11 LA investigative producer Heidi Cuda spotlights the Governor Brown and Governor Perry Smackdown.
Greek Yogurt On A Growth Spurt
Chobani is making Greek yogurt as fast as Americans are eating it.
Inside Life Of Megaupload Founder Kim Dotcom
Kim Schmitz legally changed his surname to Dotcom at some point over the last decade, an homage to the technology that made him a millionaire and that led to
Romney's Wealth A Rich Vein For Rivals
Mitt Romney joked with unemployed people about being jobless himself. He challenged a rival candidate to a $10,000 bet. And he described the $374,000 he earned
Zynga Explores Online Gambling
Social-gaming company Zynga tipped its hand by acknowledging that it was exploring getting into online gambling.
US Stocks Poised For Positive January
US stocks in the days ahead are positioned to continue what so far was a robust January, a month that tends to serve as a reasonable predictor of how the rest
Apple's iBooks Author Designed to Streamline E-Book Publishing
Budding authors, designers and publishers: Apple has launched a new app just for you.
US Closes Chevy Volt Safety Probe, Says Car Is Safe
The National Highway Traffic Safety Administration on Friday closed a safety investigation into General Motors Co.'s battery-powered Chevrolet Volt without
Saving The California Dream: War of Words
Governor Brown continued his road show on Thursday in Irvine and San Diego... Phil Shuman takes a look at the Governor's strategy to sell his tax hike plan...
US Stocks Gain Friday, up for Third Week
Strong earnings from International Business Machines powered blue-chip stocks higher for the fourth consecutive session even as discouraging quarterly reports
Intel Beats the Street, Shares Up in After-Hours Trading
Intel Corp. on Thursday posted a modest gain in fourth-quarter profit, beating Wall Street's projections.
Bain Employees Donated to Romney, Obama
While the Obama campaign has criticized Mitt Romney as "a corporate raider" for his work at Bain Capital, that hasn't stopped some employees from giving money
Kodak Bankruptcy Has Many on Edge
The ripple effect from Eastman Kodak Co.'s bankruptcy reorganization extends in many directions: Employees brace again for layoffs, retirees fret over health
US Online Ad Spending to Top Print in 2012
In the culmination of a shift several years in the making, US online advertising spending will surpass print ad spending for the first time in 2012, according
Stocks Edge Higher as Unemployment Claims Decline
Strong corporate earnings reports and the lowest unemployment claims in almost four years gave investors more reasons Thursday to take risks on stocks, and the
A Poor Year for Home Building Ends on Hopeful Note
Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end
US Weekly Jobless Claims Fall 50K, Hit April 2008 Low
The number of Americans filing initial claims for regular state unemployment benefits fell by 50,000 to a seasonally adjusted 352,000, the Labor Department
Overseas Markets Buoyed by Wall Street, US Housing News
Asian stock markets rose Thursday as investors grew more comfortable with risk assets after surprisingly strong U.S. housing figures helped power Wall Street
AT&T Raises Wireless Data Plan Fees 33 Percent
AT&T Inc. said Wednesday it is raising prices for its data plans used to support smartphones and tablet computers by as much as 33 percent.
EBay Earnings Jump on Skype Sale in Fourth Quarter
EBay Inc. reported a sharp gain in fourth-quarter earnings on Wednesday afternoon, due to the company's sale of Skype and growth in its core and PayPal