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Obama expands foreclosure prevention program

Posted: January 27th, 2012, 3:21pm MST

The Obama administration is taking another swing at improving its main foreclosure prevention program.
The housing recovery that wasn't

Posted: January 27th, 2012, 3:12pm MST

FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.
Retirement saving: Don't shortchange later years

Posted: January 27th, 2012, 2:20pm MST

Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.
Mortgage probe unveiled as foreclosure talks loom

Posted: January 27th, 2012, 1:35pm MST

President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.
FDA blocks orange juice shipments from Canada

Posted: January 27th, 2012, 1:19pm MST

The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.
Italy, Spain downgraded by Fitch

Posted: January 27th, 2012, 12:48pm MST

Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.
Facebook IPO filing next week - report

Posted: January 27th, 2012, 12:05pm MST
Laid off and making the retirement savings last

Posted: January 27th, 2012, 10:55am MST

Ed Parker never planned on retiring early. But in 2009, at age 61, he was laid off from his job as a manager at a Caterpillar dealership and realized he was ready to end full-time work. His wife, Roxann, had retired a decade earlier from her job at a department store, and travel plans beckoned.
The anti-Kodak: Eastman Chemical - The Buzz

Posted: January 27th, 2012, 10:20am MST

It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.
Apple's new chief blasts the New York Times

Posted: January 27th, 2012, 10:19am MST

Calls the suggestion that his company doesn't care about the health and safety of workers in the supply chain he built "patently false and offensive"
SEC to step up scrutiny of private equity firms

Posted: January 27th, 2012, 10:12am MST

The private equity world is struggling to stay in the shadows.
Men's underwear leaves the Stone Age

Posted: January 27th, 2012, 9:27am MST

FORTUNE -- The days of over-sized jeans sagging from the derrieres of men everywhere are no more. Skinny jeans, tailored pants, and fitted oxfords are de rigeur, leaving little room for excess fabric in the undergarment department. Boxers or briefs used to be the only question men needed to ask themselves, but today, the options have grown. Five years ago, Tom Patterson was a medical-device sales rep by day and an avid-viewer of CNBC's The Big Idea with Donny Deutsch by night. "All of the featured products or services ... were created out of personal frustration," recalls Patterson. "I found myself constantly looking around, asking, 'What can I make better?'" During the financial crisis, Patterson was laid off from a sales job he held for six years. During his down time, he realized that one of the biggest fashion annoyances he faced while he was working was a fabric gut -- that baggy bump just above the belt line caused by a loose-fitting undershirt.
Just how rich is Romney?

Posted: January 27th, 2012, 8:38am MST

Exactly how much is Mitt Romney worth? Hard to say.
Big winners of Obama's natural gas push

Posted: January 27th, 2012, 8:20am MST

FORTUNE -- President Obama's newfound commitment to natural gas could be the spark needed to reignite the fledgling natural gas industry, while at the same time breathing life into an array of new businesses. Overproduction, coupled with anemic demand, has recently sent natural gas prices tumbling to a 10-year low, delivering a big hit to the dozens of energy companies invested in large-scale natural gas drilling projects across the US.
Recovering from a too risky portfolio

Posted: January 27th, 2012, 8:16am MST

We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the Mitchells' story -- and the recommended financial fixes.
Starbucks CEO Schultz made $65 million

Posted: January 27th, 2012, 8:16am MST

Starbucks chief executive officer Howard Schultz was paid more than $65 million in fiscal year 2011, including salary, bonuses and stock options.
Stocks open lower on unimpressive U.S. growth

Posted: January 27th, 2012, 7:43am MST

U.S. stocks ended mostly lower Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.
ECONOMY PICKS UP SPEED

Posted: January 27th, 2012, 6:44am MST

The United States economy picked up speed at the end of 2011 as businesses substantially built up their inventories and consumers increased their spending.
Millions in SOPA lobbying bucks gone to waste

Posted: January 27th, 2012, 5:46am MST

The controversial anti-piracy bills that attracted tens of millions of dollars of lobbying for and against the proposed laws ironically were killed by free publicity.
Apple's 7 most stubborn decisions

Posted: January 27th, 2012, 5:26am MST

It's been stubborn about puzzling product designs, like the iMac disk drives it abandoned.
Ford: Biggest profit since 1998

Posted: January 27th, 2012, 5:20am MST

Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company's 109-year history.
Smartphone wars: Apple won the quarter, Samsung the year

Posted: January 27th, 2012, 4:06am MST

A pair of reports agree -- more or less -- on the current state of the battle.
Stocks: Investors await reading on U.S. growth

Posted: January 27th, 2012, 4:05am MST

U.S. stock futures lost momentum after a weaker-than-expected U.S. economic report, and while Europe's debt crisis still looms in the background.