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Obama outlines steps in bid to double exports
Posted: March 11th, 2010, 10:04am MST
President Barack Obama sought to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work.
Barack Obama - United States - President of the United States - President - History
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Big majority wants Wall Street regulation
Posted: March 11th, 2010, 9:35am MST
An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals, according to a poll.
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Financial system overhaul hits a hurdle
Posted: March 11th, 2010, 8:16am MST
Chances of a broad overhaul of U.S. financial regulation this year dimmed on Thursday after bipartisan Senate talks collapsed.
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Cable wants FCC to enter broadcast disputes
Posted: March 10th, 2010, 3:29pm MST
The most recent showdown left millions of Cablevision Systems Corp. customers around New York without an ABC station at the start of the Academy Awards.
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The demise of boutique bank Pali Capital
Posted: March 10th, 2010, 10:35am MST
The swift demise of Pali Capital surprised industry observers. But as with many firms that suddenly fail, not everything at Pali was what it seemed.
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BofA to end all overdraft fees on debit cards
Posted: March 10th, 2010, 5:51am MST
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards.
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Guns and retail are a no-win mix
Posted: March 10th, 2010, 5:38am MST
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Lohan sues E*Trade over ‘milkaholic’ baby
Posted: March 9th, 2010, 11:21am MST
The actress Lindsay Lohan has sued E*Trade Financial Corp for $100 million, saying a "milkaholic" baby girl who appeared in a recent commercial was modeled after her.
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Chevron to shed 2,000 jobs this year
Posted: March 9th, 2010, 9:29am MST
Chevron Corp. says it will cut 2,000 jobs this year and will continue reducing its work force through 2011.
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Bankers winning financial reform battle
Posted: March 9th, 2010, 7:19am MST
As Congress inches toward a new set of rules to avert another global financial collapse, the score so far looks like Bankers 1, Consumers 0.
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Google millionaires spreading their wealth
Posted: March 9th, 2010, 5:32am MST
BusinessWeek: A group of Google millionaires are active angel investors, often working together to swap investment ideas and back startups. And the results have been impressive.
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Cablevision vs. Disney is just a debut episode
Posted: March 8th, 2010, 5:50pm MST
Stay tuned for more fee disputes threatening local television stations on cable TV lineups.
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Posted: March 8th, 2010, 5:50pm MST
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Ten cities managing to shrug off the recession
Posted: March 8th, 2010, 3:20pm MST
Jobs in Washington D.C. are growing quickly, and in 2008 the city produced more in goods and services than almost anywhere in the country.
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AIG raising more cash to reimburse taxpayers
Posted: March 8th, 2010, 6:07am MST
American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid.
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NYT: Edwards’ affair earns Enquirer respect
Posted: March 8th, 2010, 4:24am MST
In breaking the story around former presidential candidate John Edwards' infidelity, The National Enquirer has beaten mainstream papers at their own game.
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Puerto Rican parade kicks Captain Morgan out
Posted: March 7th, 2010, 4:29pm MST
Organizers of the New York Puerto Rican Day Parade, one of the largest U.S. outdoor events, said they are ending a 30-year relationship with the makers of Captain Morgan Rum.
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AIG nears $15B deal to sell unit to MetLife
Posted: March 7th, 2010, 3:57pm MST
American International Group Inc was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for about $15 billion in cash and stock.
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Glover calls for Hugo Boss boycott at the Oscars
Posted: March 7th, 2010, 3:50pm MST
Actor and activist Danny Glover is calling on Academy Awards nominees and others in the film industry to not wear Hugo Boss suits at Sunday's awards ceremony.
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With new $100 bill, Franklin gets a makeover
Posted: March 7th, 2010, 3:42pm MST
Aiming to stay a step ahead of counterfeiters, the government is planning a new design for the $100 bill that will be unveiled next month, the Treasury Department said Friday.
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3 million face Oscar night without broadcast
Posted: March 7th, 2010, 4:08am MST
Cablevision said WABC-TV's signal was switched back on for its 3.1 million subscribers in New York, New Jersey and Connecticut shortly after the Academy Awards telecast began.
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Hurry up and wait: America’s worst traffic
Posted: March 6th, 2010, 8:45am MST
The Great Recession cleared the country's roads, but a recovering economy and stimulus-fed construction projects will lead to worse delays.
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Lessons of a $618,616 death
Posted: March 5th, 2010, 4:12pm MST
Writer Amanda Bennett recounts her late husband's battle with cancer, which cost $618,616 over seven years. The case offers a window into the debate over health care.
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Oscar can mean big boost for studios
Posted: March 5th, 2010, 5:30am MST
Hollywood’s latest business woes have turned Academy Award nominations and wins into financial life buoys for many movie moguls, some industry insiders say.
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Olympics give NBC well-timed boost
Posted: March 4th, 2010, 5:37pm MST
Although NBC may have lost up to $200 million on the Winter Olympics, the network drew record viewership, helping it get past the Jay Leno-Conan O'Brien late-night fiasco.
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Oscar nods aren’t translating into ticket boom
Posted: March 4th, 2010, 3:23pm MST
Spread 10 ways, the phrase "nominated for best picture" hasn't had much of a box office effect.
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Citi CEO says bailout has led to new company
Posted: March 4th, 2010, 12:21pm MST
Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different" from before the taxpayer rescue.
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Merged voting machine company stoking fears
Posted: March 4th, 2010, 9:49am MST
The Justice Department is investigating whether to unwind a merger that put a privately held company in control of voting machines in 70 percent of the nation's precincts.
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Posted: March 4th, 2010, 9:49am MST
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Hulu, the free site, facing some difficult choices
Posted: March 3rd, 2010, 5:41pm MST
Hulu's days as a free online video site could be ending soon.
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10 films that benefited from an ‘Oscar bump’
Posted: March 3rd, 2010, 5:34am MST
Interactive: These 10 films — including “Slumdog Millionaire” and “Crash” — gained substantially from the "Oscar bump" associated with being nominated for an Academy Award.
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Postal Service mulls dropping Saturday delivery
Posted: March 2nd, 2010, 8:14am MST
The post office is renewing its effort to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.
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Racy jeans billboard to come down
Posted: March 2nd, 2010, 7:18am MST
Like the pair of jeans it depicts, a billboard poster in downtown Newark is coming down.
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Megaplexes freeze out some indie theaters
Posted: March 2nd, 2010, 5:40am MST
In Redmond, Wash., a tiny 130-seat theater is barred from showing many new films due to the clout of a nearby cineplex. Such deals make life hard for independent cinemas.
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Obama tapping CEOs for lunch, new ideas
Posted: March 1st, 2010, 11:24pm MST
President Barack Obama has often invited a small group of CEOs in for a lunch at the White House. He said the sessions helped him think through ways to create a "smarter economy."
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Olympics give NBC well-timed boost
Posted: March 1st, 2010, 6:04pm MST
Although NBC may have lost up to $200 million on the Winter Olympics, the network drew record viewership, helping it get past the Jay Leno-Conan O'Brien late-night fiasco.
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Recovery reaches nearly half of metros
Posted: March 1st, 2010, 5:14pm MST
Nearly half the metro areas in the U.S. began an economic recovery by the end of 2009, according to new Adversity Index data for December from Moody's Economy.com and msnbc.com. Bill Dedman reports.
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IBM cuts jobs, but won’t say how many, where
Posted: March 1st, 2010, 5:05pm MST
IBM Corp. cut more than 1,500 jobs across a number of divisions Monday, a sliver of the technology company's nearly 400,000 workers worldwide.
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AIG sale covers one-fifth of its bailout tab
Posted: March 1st, 2010, 4:36pm MST
American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal.
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Payback formula for Madoff victims upheld
Posted: March 1st, 2010, 3:20pm MST
The victims of Bernard Madoff's massive swindle are only owed the money they invested with his firm and not the $64.8 billion reflected on fictitious statements, a judge has ruled.
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Analyst downgrades Berkshire Hathaway
Posted: March 1st, 2010, 12:20pm MST
Warren Buffett's Berkshire Hathaway Inc. stock has been downgraded by an analyst concerned about the weak economy.
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States may ban credit checks on job applicants
Posted: March 1st, 2010, 11:26am MST
It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
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Goldman Sachs rejects executive pay inquiry
Posted: March 1st, 2010, 11:10am MST
Goldman Sachs Group Inc. said Monday it has rejected demands by shareholders to investigate the Wall Street bank's compensation practices.
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AIG sells Asian unit in bid to pay back bailout
Posted: March 1st, 2010, 7:09am MST
British insurer Prudential PLC said it will buy the Asian unit of bailed-out AIG in a deal worth $35.5 billion that will allow AIG to pay back some of the money it owes U.S. taxpayers.
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Gold rush begins for Games’ biggest names
Posted: February 28th, 2010, 2:52pm MST
Olympic gold medalist and snowboarder Shaun White wants to be known as the "Animal."
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Buffett says CEOs should pay for big gambles
Posted: February 28th, 2010, 11:53am MST
Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments.
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Skilling goes to Supreme Court for a new trial
Posted: February 28th, 2010, 11:28am MST
The Supreme Court appeared troubled Monday by the selection of the jury that convicted former Enron CEO Jeffrey Skilling as well as the use of a federal fraud law against him.
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Posted: February 28th, 2010, 11:28am MST
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Buffett: Execs should pay price for risks
Posted: February 27th, 2010, 10:53pm MST
Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments.
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Gatorade drops Tiger Woods as spokesperson
Posted: February 26th, 2010, 4:06pm MST
Add Gatorade to the list of endorsement deals that Tiger Woods has lost. A spokesperson for the drink, sold by PepsiCo Inc., confirmed that it had ended its relationship with the golfer.
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BofA’s Lewis pay package worth $32,171
Posted: February 26th, 2010, 3:53pm MST
Former Bank of America CEO Ken Lewis received a compensation package valued at $32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money.
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When CEOs have Buffett in their boardroom
Posted: February 26th, 2010, 3:25pm MST
What's it like to have America's greatest investor as your shareholder? Buffett's biographer talks to CEOs who know.
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Regulators: Strict bank rules don’t hurt lending
Posted: February 26th, 2010, 1:56pm MST
Regulators fended off complaints Friday from lawmakers and small business owners that overly strict rules for banks have prevented crucial credit from flowing to where it is needed most.
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Are celebrity gift suites souring some?
Posted: February 26th, 2010, 10:33am MST
As gifting has become more popular and more public, top stars rarely show up anymore. It would be tacky, especially in this economy. And offering the suites is very expensive for businesses too.
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U.S. may consider wages in awarding contract
Posted: February 26th, 2010, 8:52am MST
The White House is looking at a new policy that would give an advantage in bidding on government contracts to companies that offer a "living wage" and generous benefits.
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10 of the most brilliant marketing ideas
Posted: February 26th, 2010, 5:38am MST
Entrepreneur.com: Every now and then an advertising idea comes along that infiltrates the culture in subtle ways for decades to come. Read about 10 of the best campaigns.
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Nike sticking by Woods despite scandal
Posted: February 25th, 2010, 5:32pm MST
Nike will continue to support Tiger Woods even though the world's best player has taken an indefinite leave from golf to deal with personal issues.
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Wal-Mart to push suppliers to cut emissions
Posted: February 25th, 2010, 4:10pm MST
Wal-Mart Stores Inc. wants its suppliers to reduce 20 million metric tons of greenhouse gas emissions by the end of 2015.
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Former Kmart head ordered to pay millions
Posted: February 25th, 2010, 11:06am MST
A judge on Thursday ordered a former Kmart CEO to pay more than $10 million for misleading investors before the retail chain filed for bankruptcy protection in 2002.
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Couple sued over installing ‘ugly’ IKEA kitchen
Posted: February 25th, 2010, 9:41am MST
A wealthy Icelandic couple is being sued for installing a cheap IKEA kitchen into an apartment they rented out at a swank hotel in New York City.
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Former Madoff executive arrested, FBI says
Posted: February 25th, 2010, 7:24am MST
A former director of operations for imprisoned Ponzi schemer Bernard Madoff's investment firm has been arrested, the FBI said on Thursday.
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Coke in big bottler deal to cut costs
Posted: February 25th, 2010, 5:54am MST
Coca-Cola Co plans to buy the North American operations of its largest bottler in a strategic reversal that would close a competitive gap after PepsiCo reached a similar deal.
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Restaurant chain sees recession bets pay off
Posted: February 25th, 2010, 5:39am MST
Clarence Otis, CEO of Darden Restaurants, avoided deep discounts, large layoffs and major changes during the recession. Now, many say that tactic is paying off.
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Madoff’s daughter-in-law seeks name change
Posted: February 24th, 2010, 5:49pm MST
One of Bernard Madoff's daughters-in-law says she and her children shouldn't have to bear the burden of his name.
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Wal-Mart to buy digital movie provider Vudu
Posted: February 24th, 2010, 10:55am MST
Wal-Mart said it will buy broadband entertainment provider Vudu, a deal that gives the retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
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Procter & Gamble keeping Woods out of ads
Posted: February 23rd, 2010, 12:15pm MST
The CEO of the Procter & Gamble Co. says he doesn't know whether golfer Tiger Woods will ever appear in another Gillette commercial.
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List of ‘problem’ banks grows, FDIC says
Posted: February 23rd, 2010, 10:22am MST
America's banks eked out a small profit in the fourth quarter, but the number of banks considered troubled jumped to more than 700, the government reported Tuesday.
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Report: Brookfield to bid for General Growth
Posted: February 23rd, 2010, 7:48am MST
Canadian property manager Brookfield Asset Management Inc. is preparing to bid for a large slice of U.S. mall owner General Growth Properties Inc., the Wall Street Journal reports.
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Posted: February 23rd, 2010, 7:48am MST
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NYT: Banks apply pressure to collect fees
Posted: February 23rd, 2010, 7:45am MST
For many households trying to improve their finances, tossing out pitches from the bank has become almost automatic, but banks are urging customers not to refuse.
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N.Y.: Wall St. bonuses surge to $20.3 billion
Posted: February 23rd, 2010, 6:35am MST
Wall Street bonuses climbed 17 percent in 2009 to $20.3 billion as many of the investment banks that were bailed out at taxpayer expense reported blowout profits.
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NYT: Banks apply pressure to collect fees
Posted: February 23rd, 2010, 4:47am MST
For many households trying to improve their finances, tossing out pitches from the bank has become almost automatic, but banks are urging customers not to refuse.
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Wal-Mart to buy digital movie provider Vudu
Posted: February 22nd, 2010, 4:51pm MST
Wal-Mart said it will buy broadband entertainment provider Vudu, a deal that gives the retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
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More companies mull revamping health plans
Posted: February 22nd, 2010, 11:06am MST
A new study says health care costs for large employers will rise more than 6 percent this year, and more companies are thinking about revamping their benefits.
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Judge OKs BofA settlement over Merrill deal
Posted: February 22nd, 2010, 8:46am MST
A federal judge has reluctantly approved a $150 million settlement between the SEC and Bank of America over civil charges accusing the bank of misleading shareholders.
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NYT: Obama to urge oversight of insurance increases
Posted: February 21st, 2010, 9:11pm MST
President Obama will propose giving the federal government new power to block excessive rate increases by insurers, as he rolls out comprehensive health care legislation.
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Schlumberger to buy Smith Int'l for $11 billion
Posted: February 21st, 2010, 12:41pm MST
Oilfield services provider Schlumberger Ltd. said Sunday it will acquire another major industry player, Smith International Inc., for about $11 billion in stock.
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Getting back lost jobs could take 5 years
Posted: February 20th, 2010, 10:27pm MST
While economists believe the recession is technically over, nearly 15 million Americans remain unemployed and six million of them have been out of work for more than half a year.
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Runaway Camry crashes raise ‘huge red flag’
Posted: February 20th, 2010, 5:52am MST
Some Toyota models involved in deadly runaway crashes have not been recalled by the company.
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Major tobacco battle lands in Supreme Court
Posted: February 19th, 2010, 2:04pm MST
The Obama administration and the tobacco industry took their decade-long legal fight over smoking to the high court Friday.
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Tiger the Pitchman far from out of the woods
Posted: February 19th, 2010, 1:34pm MST
Tiger Woods' apology is the first step toward healing the image of Tiger the man. But Tiger the pitchman still has a long way to go to recover the corporate good will he has squandered.
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U.S., EU approve Microsoft-Yahoo deal
Posted: February 18th, 2010, 9:08am MST
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Wal-Mart holiday sales fall, forecast light
Posted: February 18th, 2010, 6:07am MST
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Cleveland tops list of miserable U.S. cities
Posted: February 18th, 2010, 5:26am MST
Forbes: Cleveland takes the top spot in our third annual ranking of America's Most Miserable Cities. Cleveland won the position thanks partly to its high unemployment and lousy weather.
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Tickermaster to refund for Springsteen fiasco
Posted: February 17th, 2010, 5:49pm MST
Live Nation Entertainment's Ticketmaster unit has agreed to refund money to some consumers who felt they were ripped off when they bought Bruce Springsteen concert tickets.
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Olympian may turn gold into ice cream flavor
Posted: February 17th, 2010, 9:01am MST
Gold medallist Hannah Kearney has won some potentially influential support in her bid to have a Ben & Jerry's flavor named after her — from no less than Ben and Jerry themselves.
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Walgreen to buy drugstore operator Duane Reade
Posted: February 17th, 2010, 7:26am MST
Walgreen Co. said Wednesday it has agreed to buy the drugstore operator Duane Reade in a move to expand operations in the New York City metropolitan area.
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U.S. guarantees loan for new nuclear plant
Posted: February 16th, 2010, 9:11am MST
President Barack Obama announced more than $8 billion in federal loan guarantees for the construction of the first nuclear power plant in the U.S. in nearly three decades.
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Posted: February 16th, 2010, 9:11am MST
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Google Buzz: No more ‘automatic’ following
Posted: February 15th, 2010, 3:00pm MST
For the second time in a week, Google announced major changes to Buzz, including those that will give users more control over Buzz than they had before, and apologized for "not getting everything quite right" with the program's release a week ago.
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Tupperware, couture collide at Fashion Week
Posted: February 15th, 2010, 1:22pm MST
New York Fashion Week has a reputation for glamour and luxury. Yet it is increasingly attracting sponsors such as Maybelline that sell modestly priced goods.
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‘Valentine’s Day’ courts $52.4 million debut
Posted: February 15th, 2010, 9:11am MST
The star-studded romance wooed audiences with a $52.4 million opening weekend, easily grabbing the No. 1 spot over the holiday that shares its name, according to studio estimates.
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Got a buck? You can buy this bungalow
Posted: February 12th, 2010, 3:24pm MST
A buck is all it will take to buy a bungalow in the Detroit suburb of Taylor. But there's a catch, of course. The new owner will have to pay to move the house from its current location.
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Judge acquits former Stanford employees
Posted: February 12th, 2010, 2:04pm MST
A federal judge has ordered the acquittal of two former employees of disgraced financier Allen Stanford on charges that they illegally shredded thousands of company documents.
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Investors jump on Buffett’s train
Posted: February 12th, 2010, 1:48pm MST
Berkshire Hathaway Inc. on Friday completed its roughly $26.4 billion purchase of Burlington Northern Santa Fe Corp., issuing new stock and paying out $15.87 billion of cash.
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DirecTV sues rival Dish over ad campaign
Posted: February 12th, 2010, 11:09am MST
Satellite TV provider DirecTV Inc. is suing its rival, Dish Network Corp., for running an advertisement claiming that Dish delivers the same programs for less money.
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Report: Feds probe Madoff’s brother, sons
Posted: February 12th, 2010, 1:51am MST
The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall Street Journal reported.
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Vancouver goes for the green in Games
Posted: February 11th, 2010, 6:13pm MST
From the moment Vancouver won the right to host the Winter Olympics, the city has focused on "sustainability," extending from eco-friendly buildings to an alliance with aboriginal people.
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Motorola will split its businesses in 2011
Posted: February 11th, 2010, 4:42pm MST
Motorola says it plans to split off its handset division and a home-business unit that makes television set-top boxes into a separate publicly traded company in the first quarter of 2011.
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Procter & Gamble ‘thanks’ Olympians’ moms
Posted: February 11th, 2010, 1:40pm MST
Procter & Gamble unveiled a "Thanks, Mom" campaign, with spots highlighting the role of U.S. athletes' mothers while also offering them financial help with Vancouver expenses.
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My policies aren’t anti-business, Obama says
Posted: February 11th, 2010, 1:00pm MST
BusinessWeek: President Barack Obama fights against a concern that his administration — and he personally — is anti-business in an interview about the economy and bank reforms.
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Dodd ‘optimistic’ of bipartisan bank reform
Posted: February 11th, 2010, 9:55am MST
Senate Banking Chairman Christopher Dodd voiced optimism on Thursday that his committee could craft a bipartisan financial reform bill.
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Costs of, and profits from storm are piling up
Posted: February 10th, 2010, 3:00pm MST
Back-to-back snowstorms on the East Coast have brought a blizzard of sales of shovels, groceries and booze.
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Exposure in S.I.’s swimsuit issue is priceless
Posted: February 10th, 2010, 2:34pm MST
With 22 million female readers using Sports Illustrated's swimsuit edition as a shopping guide, the magazine has become a powerful marketing tool for designers and models.
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Merck moves to settle shareholder Vioxx suits
Posted: February 10th, 2010, 12:53pm MST
Closing another chapter in the painful saga over withdrawn arthritis pill Vioxx, Merck & Co. has agreed to settle lawsuits brought by shareholders who lost billions.
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American Airlines could face $10 million fine
Posted: February 10th, 2010, 12:12pm MST
American Airlines could face a fine in the ballpark of $10 million for safety violations involving wiring in its large MD-80 fleet, according to a government official familiar.
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USOC struggles to polish its tarnished image
Posted: February 10th, 2010, 5:51am MST
During the past two years, the USOC has suffered from a series of missteps. New CEO Scott Blackmun was brought in to restore the tattered USA brand.
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NASCAR sponsors seem to be in driver’s seat
Posted: February 9th, 2010, 12:03pm MST
In sharp contrast to the go-go mid-2000s, when NASCAR top teams regularly reeled in eight-figure sponsorship deals, companies now are demanding more for less.
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Japan Airlines keeps alliance with American
Posted: February 9th, 2010, 11:01am MST
Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.
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Red Tape: Online flower prices still growing
Posted: February 9th, 2010, 4:45am MST
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Loan guarantees recharge nuclear debate
Posted: February 9th, 2010, 4:23am MST
President Obama’s push to triple federal loan guarantees for new nuclear power plants has recharged the debate over the viability of nuclear energy. Msnbc.com's Mike Stuckey reports.
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Winter athletes fight to get day in sun
Posted: February 8th, 2010, 4:03pm MST
When it comes to endorsements, summer Olympic stars outshine, outlast and outearn their chilly-weather brothers and sisters. Will this year's winter crop get a moment in the sun?
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Doritos’ ‘House Rules’ ad is tops with users
Posted: February 8th, 2010, 3:49pm MST
For a second straight year Doritos let the public create its Super Bowl ads. And evidently the public knows what the public wants.
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Magazine circulation falls 9 percent in U.S.
Posted: February 8th, 2010, 1:26pm MST
Purchases of magazines at newsstands fell 9 percent in the second half of 2009, a slight improvement from the 12 percent year-over-year decline in the first half of the year.
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Super Bowl goes into overtime, with the ads
Posted: February 8th, 2010, 11:52am MST
Think Sunday night's Super Bowl seemed like it had a lot of ads? You're right. Commercials took up nearly 48 minutes of the game — the most for any Super Bowl.
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The best and worst of Super Bowl ads
Posted: February 8th, 2010, 5:37am MST
Let the record show that 2010 was the year of older women being viciously tackled in Super Bowl commercials.
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Restructuring CIT taps ex-Merrill chief as CEO
Posted: February 8th, 2010, 12:31am MST
Former Merrill Lynch CEO John Thain is taking over as chairman and CEO of CIT Group as the commercial lender continues to restructure following a time in bankruptcy protection.
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Super Bowl spot unites Leno, Letterman
Posted: February 7th, 2010, 9:18pm MST
Super Bowl viewers were rubbing their eyes at the sight of a TV spot pairing CBS late-night host David Letterman with longtime NBC archrival Jay Leno, plus media magnate Oprah Winfrey.
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CIT, emerging from bankruptcy, hires Thain as CEO
Posted: February 7th, 2010, 7:07pm MST
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Tebow Super Bowl ad strikes light-hearted tone
Posted: February 7th, 2010, 5:35pm MST
Even the long-awaited Super Bowl ad from conservative group Focus on the Family came with a punchline Sunday night.
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Running a business despite a chronic illness
Posted: February 5th, 2010, 10:57am MST
Lisa Disbrow's doctors urged her to slow down. Could the entrepreneur find a way to manage her illness and her business?
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JPMorgan CEO gets $16 million pay package
Posted: February 5th, 2010, 10:08am MST
JPMorgan Chase & Co., which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
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Senator: Financial reform is at an ‘impasse’
Posted: February 5th, 2010, 10:01am MST
Efforts to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.
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Weight Watchers, Jenny Craig settle over ad
Posted: February 5th, 2010, 9:49am MST
Weight Watchers International Inc. said Friday that rival Jenny Craig will end a controversial advertisement campaign as part of a legal settlement between the two weight-loss companies.
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Feds go after counterfeiters at Super Bowl
Posted: February 4th, 2010, 3:03pm MST
Randal Hill spent seven years in the NFL catching passes and scoring touchdowns.
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House Dems challenge Comcast, NBC deal
Posted: February 4th, 2010, 1:54pm MST
House Democrats have challenged executives from Comcast and NBC Universal to show the cable TV operator's plan to take control of the NBC media empire won't hurt consumers and rivals.
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Posted: February 4th, 2010, 1:54pm MST
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Senators: Tax bonuses at bailed-out firms
Posted: February 4th, 2010, 12:11pm MST
Two Democratic senators on Thursday proposed legislation that would impose a one-time tax on bonuses paid to executives of companies bailed out with taxpayer money.
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New York AG filing civil charges against BofA
Posted: February 4th, 2010, 9:48am MST
New York Attorney General Andrew Cuomo sued Bank of America and its former CEO Ken Lewis, saying they misled investors about their acquisition of Merrill Lynch.
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Super Bowl advertising’s best animal pitchmen
Posted: February 4th, 2010, 5:36am MST
Why pay millions of dollars for George Clooney, when a talking frog puppet that croaks one word will work for free?
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State Farm cancels thousands of Fla. policies
Posted: February 3rd, 2010, 4:23pm MST
The largest property insurer in Florida is canceling the policies of 125,000 of its most vulnerable customers beginning Aug. 1, halfway through the 2010 hurricane season.
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Pay czar: AIG bonuses ‘outrageous’ but legal
Posted: February 3rd, 2010, 2:57pm MST
Executives in AIG's financial products division are getting $100 million richer, and the White House pay czar calls the bonuses "outrageous."
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Smith & Wollensky to barter steaks for stakes
Posted: February 3rd, 2010, 2:22pm MST
New York steakhouse chain Smith & Wollensky has come to the rescue of Wall Street bankers trying to cope with the shock of receiving their bonuses in shares rather than cash.
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Little-guy sponsors score Olympic talent
Posted: February 3rd, 2010, 1:57pm MST
In Vancouver, look for the little-guy sponsors of athletes who hung in with training help and endorsement deals when many corporate giants pulled back during the economic meltdown.
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Hollywood Video owner files for bankruptcy
Posted: February 3rd, 2010, 1:49pm MST
Movie Gallery Inc., owner of the Hollywood Video movie rental chain, has filed for Chapter 11 protection and plans to close 805 stores — about a third of its total.
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Geithner: Bank fee would recoup AIG bonuses
Posted: February 3rd, 2010, 9:19am MST
Treasury Secretary Tim Geithner says Congress can recoup "outrageous" bonuses for AIG employees through a new bank fee in President Barack Obama's proposed budget.
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With Oscar nods come a potential payoff
Posted: February 3rd, 2010, 5:45am MST
Sony Pictures was the biggest winner of Oscar nominations this year, reaping 18, the most it has scored in many years, if not ever.
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PNC to pay back $7.6 billion in TARP loans
Posted: February 2nd, 2010, 4:18pm MST
PNC Financial Services Group Inc. on Tuesday said it will pay back $7.6 billion in bailout funds to the U.S. Treasury, a sign of confidence in the financial system.
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Government leaked Galleon wiretap recordings
Posted: February 2nd, 2010, 3:14pm MST
U.S. prosecutors apparently made the mistake of giving wiretap recordings gathered against Galleon hedge fund insider trading defendants to securities regulators.
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Obama blasts GOP, talks jobs in N.H.
Posted: February 2nd, 2010, 1:27pm MST
President Barack Obama blasted Republicans on Tuesday at a town hall in New Hampshire where he laid out his $30 billion plan for small businesses to help boost lending.
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10 Best Super Bowl ads of all time
Posted: February 2nd, 2010, 7:51am MST
The best Super Bowl commercials tend to reflect happier times. Here is a celebration of the 10 best ads of all time, along with our guess of what each would look like if it filmed in 2010.
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UPS profit nearly triples over year ago
Posted: February 2nd, 2010, 6:46am MST
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UPS profit nearly triples over year ago
Posted: February 2nd, 2010, 6:46am MST
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Madoff’s ex-finance chief to give up home
Posted: February 2nd, 2010, 6:14am MST
The man who served as Bernard Madoff's finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss.
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Obama to pitch more aid for small businesses
Posted: February 2nd, 2010, 6:09am MST
President Barack Obama blasted Republicans on Tuesday at a town hall in New Hampshire where he laid out his $30 billion plan for small businesses to help boost lending.
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Hollywood sees year of ‘Paranormal Activity’
Posted: February 2nd, 2010, 5:39am MST
Last year was a game-changing year for Hollywood, and no one quite knows what the future holds for the movie industry.
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Obama to divert TARP cash to small firms
Posted: February 2nd, 2010, 4:47am MST
President Barack Obama's bid to sell his economic agenda picks up in New Hampshire, where he will again promote an idea to free up money for small businesses that are hurting.
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Madoff’s ex-finance chief to give up home
Posted: February 2nd, 2010, 2:55am MST
The man who served as Bernard Madoff's finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss.
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Posted: February 2nd, 2010, 2:55am MST
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AG says ‘Who Dat’ spat cleared up with NFL
Posted: February 1st, 2010, 6:46pm MST
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Megachurch hopes to ‘crash’ Super Bowl
Posted: February 1st, 2010, 2:20pm MST
Pastors have long competed with the NFL on Sundays, but this season a megachurch hopes a 30-second ad could muscle its way into the holiest of sporting events: the Super Bowl.
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Super Bowl ads sold out; some top $3 million
Posted: February 1st, 2010, 1:46pm MST
CBS says it has sold out of ads for the Super Bowl at average prices that are better than last year, with some 30-second spots topping $3 million apiece.
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Exxon’s 4th-quarter profit drops 23 percent
Posted: February 1st, 2010, 6:28am MST
Exxon Mobil Corp. said Monday its annual income of $19.3 billion was the smallest in seven years as higher oil prices squeezed profit margins in its refining business.
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NFL to stores: Stop selling ‘Who Dat’ T-shirts
Posted: January 29th, 2010, 1:04pm MST
Some T-shirt makers are asking that question after the NFL demanded they stop selling shirts with the traditional cheer of New Orleans Saints fans.
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Jury rules for shareholders in Vivendi lawsuit
Posted: January 29th, 2010, 11:35am MST
A New York jury decided in favor of U.S. and European shareholders who say the Vivendi media group lied to the public about its shaky finances.
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Domino’s learns Twitter, Facebook lessons
Posted: January 29th, 2010, 5:51am MST
Domino's Pizza recently launched the “Pizza Turnaround,” a campaign in which it sought feedback from customers on how to improve its pizza recipe.
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LeBron James signs deal with McDonald’s
Posted: January 28th, 2010, 10:43am MST
LeBron James is now shooting with a Golden Arch.
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Madoff brother subject of criminal investigation
Posted: January 27th, 2010, 6:58pm MST
A lawyer for the brother of Ponzi king Bernard Madoff said in court papers made public Wednesday that his client has been told he is a "subject" of criminal investigators probing the multibillion-dollar fraud.
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Followers good, dollars better for social media
Posted: January 27th, 2010, 5:28pm MST
The leaders of Facebook and other social media sites have long seen some grim writing on their wall.
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To get NBC, Comcast still has persuading to do
Posted: January 27th, 2010, 3:59pm MST
Before Comcast Corp. can transform the entertainment business by taking control of NBC Universal, it must convince Washington that the plan won't hurt rivals and consumers.
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Slide show: Golden opportunities
Posted: January 27th, 2010, 12:06pm MST
Which U.S. Olympians will be able to turn their athletic prowess into endorsement gold? Click to see the top 11 hopefuls.
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AT&T settles class action over termination fees
Posted: January 27th, 2010, 10:31am MST
AT&T Inc. is paying $18 million to settle claims that it imposed unfairly high fees on wireless customers who wanted to end their contracts.
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Ex-attorney pleads guilty in $1.2B scam
Posted: January 27th, 2010, 8:56am MST
A disbarred South Florida attorney has pleaded guilty to federal charges that he ran a $1.2 billion Ponzi scheme using phony legal settlements.
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Boeing gives cautious outlook for 2010
Posted: January 27th, 2010, 6:44am MST
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Budweiser going for laughs this Super Bowl
Posted: January 26th, 2010, 3:02pm MST
An asteroid is about to hit Earth? Drink some Bud Light. Your plane crashes on an island? Drink more Bud Light. Really love Bud Light? Why not build your house with cans of it.
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Verizon to cut 6 percent of its workforce
Posted: January 26th, 2010, 12:11pm MST
Verizon said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.
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Super Bowl ad tied to debate over abortion
Posted: January 26th, 2010, 11:01am MST
A coalition of women's groups called CBS to scrap its plan to broadcast an ad during the Super Bowl which critics say is likely to convey an anti-abortion message.
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Watchdog investigating Fed’s AIG secrecy
Posted: January 25th, 2010, 5:32pm MST
Treasury Secretary Timothy Geithner drew sharp criticism from members of Congress on Wednesday for his role in the $180-billion-plus taxpayer bailout of insurance giant AIG.
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Fictional criminal put next to Obama billboard
Posted: January 25th, 2010, 4:37pm MST
How long does it take to dismantle a billboard?
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Posted: January 25th, 2010, 4:37pm MST
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U.S. sets concessions in ticket dealer merger
Posted: January 25th, 2010, 12:50pm MST
The U.S. Justice Department cleared the way Monday for concert promoter Live Nation and ticket-seller Ticketmaster to combine after imposing major conditions on them.
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Interactive: 10 worst Super Bowl ads
Posted: January 25th, 2010, 8:49am MST
The pressure for advertisers to be among the best in the Super Bowl has led to some of the biggest fumbles in advertising history. Here are 10 of the worst Super Bowl ads of all time.
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Slide show: Hate at first sight
Posted: January 24th, 2010, 4:29pm MST
Interactive: When Super Bowl ads go bad — here are 10 that damaged the companies they were supposed to help.
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Super Bowl brings welcome relief to Miami
Posted: January 24th, 2010, 1:43pm MST
South Florida is ready for the Super Bowl party to begin.
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Google co-founders to sell $5.5B in stock
Posted: January 24th, 2010, 12:58pm MST
Google co-founders Larry Page and Sergey Brin are relinquishing some of their control over the search leader with the sale of 10 million shares worth $5.5 billion at current prices.
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Warren Buffett says Gen Re settlement is fitting
Posted: January 24th, 2010, 12:45pm MST
Warren Buffett says he has no problem with the $92.2 million settlement one of his company's insurance subsidiaries is paying over its alleged role in accounting misconduct.
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To get NBC, Comcast still has persuading to do
Posted: January 24th, 2010, 12:34pm MST
Before Comcast Corp. can transform the entertainment business by taking control of NBC Universal, it must convince Washington that the plan won't hurt rivals and consumers.
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Bubble Wrap celebrating its 50th birthday
Posted: January 24th, 2010, 12:20pm MST
People have walked to the altar dressed in it, protected their garden plants with it, even put it on display at highbrow art museums.
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Former Commerce secretary Mosbacher dead
Posted: January 24th, 2010, 11:13am MST
Robert Mosbacher Sr., who served as U.S. commerce secretary under his close friend, President George H.W. Bush, has died at M.D. Anderson Cancer Center. He was 82.
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NBC faces long road back after O'Brien drama
Posted: January 22nd, 2010, 3:03pm MST
NBC may have put a public relations nightmare behind it with the departure of "Tonight Show" host Conan O'Brien, but the network faces a costly road to revive its sagging fortunes.
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Exec admits affair with billboard woman
Posted: January 22nd, 2010, 12:02pm MST
A co-president of software maker Oracle acknowledges he had an affair with a woman he was shown snuggling with on billboards in New York, Atlanta and San Francisco.
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GE profit falls; CEO strikes optimistic tone
Posted: January 22nd, 2010, 6:50am MST
General Electric Co.'s fourth-quarter net income fell 19 percent, hurt by lower profits on products like jet engines and continuing troubles in commercial real estate lending.
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Ruling clears way for more political spending
Posted: January 22nd, 2010, 5:50am MST
The Supreme Court's decision to remove campaign finance restrictions on corporations means a tsunami of company cash is likely to flood through the political system.
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Red Tape: The how, and why, of switching banks
Posted: January 22nd, 2010, 5:18am MST
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Supreme Court rolls back campaign cash limits
Posted: January 21st, 2010, 10:11am MST
The Supreme Court ruled Thursday that corporations may spend as freely as they like to support or oppose candidates for president and Congress, easing decades-old limits on business efforts to influence federal campaigns.
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Goldman Sachs profit soars, pay increases
Posted: January 21st, 2010, 6:45am MST
Goldman Sachs Group Inc. dished out 47 percent more in pay and bonuses to its employees in 2009 versus the previous year.
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YouTube getting into movie rental business
Posted: January 20th, 2010, 3:21pm MST
YouTube is making its debut as a rental outlet Friday to help promote some of the movies that will be shown at the upcoming Sundance Film Festival.
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Starbucks’ first-quarter profit beats forecast
Posted: January 20th, 2010, 2:51pm MST
Starbucks Corp. says people spent more money in its stores during its fiscal first quarter, and its profit more than tripled.
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Newsweek: Is taxing big banks unconstitutional?
Posted: January 20th, 2010, 1:41pm MST
Let's see if this makes sense. The Fed deciding unilaterally to assume hundreds of billions of dollars of financial companies' liabilities: That's totally constitutional. Congress passing a law suggesting that a portion of the industry pay a fee for running huge balance sheets: That's unconstitutional.
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Gen Re settles AIG fraud claims for $92.2M
Posted: January 20th, 2010, 12:44pm MST
The insurer General Re Corp. has agreed to pay $92.2 million to settle charges by federal authorities' and shareholder claims over its alleged role in accounting misconduct schemes.
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Posted: January 20th, 2010, 12:44pm MST
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Report: Bing may replace Google on iPhone
Posted: January 20th, 2010, 12:39pm MST
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Berkshire shareholders approve stock split
Posted: January 20th, 2010, 10:58am MST
Berkshire Hathaway shareholders approved splitting the company's Class B shares 50-for-1 on Wednesday as part of the company's $26.3 billion acquisition of Burlington Northern Santa Fe.
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New York Times to charge for articles online
Posted: January 20th, 2010, 8:04am MST
The New York Times says it will charge readers for full access to its Web site starting in 2011.
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Morgan Stanley posts $617 million 4Q profit
Posted: January 20th, 2010, 7:26am MST
Morgan Stanley says it earned $617 million during the last three months of 2009 as its investment banking operations profited from its Smith Barney joint venture.
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Wells Fargo reports unexpected quarterly profit
Posted: January 20th, 2010, 7:02am MST
Wells Fargo is seeing early signs of improvement in its lending portfolios as it reports an unexpected fourth-quarter profit.
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BofA reports $5.2 billion quarterly loss
Posted: January 20th, 2010, 6:18am MST
Bank of America Corp. says it lost $5.2 billion during the final three months of 2009 as consumers struggled to make their mortgage and credit card payments.
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IBM’s profit increases, revenue growth resumes
Posted: January 19th, 2010, 2:27pm MST
IBM Corp. said it managed a 9 percent increase in profit in the last quarter as the technology company's revenue grew for the first time in a year and a half.
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Bernanke asks GAO to review Fed’s AIG bailout
Posted: January 19th, 2010, 11:38am MST
Federal Reserve Chairman Ben Bernanke is asking Congress' investigative arm to conduct a "full review" of the Fed's publicly derided bailout of insurance giant AIG.
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Weight Watchers sues Jenny Craig
Posted: January 19th, 2010, 9:43am MST
Weight Watchers International is suing rival weight-loss company Jenny Craig over ads it says are misleading and deceptive.
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Recession makes some entrepreneurs
Posted: January 19th, 2010, 7:59am MST
The bleak job market is prompting some people to go into business for themselves, whether they want to or not. Call them accidental entrepreneurs. By Allison Linn.
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Citigroup posts $7.6 billion quarterly loss
Posted: January 19th, 2010, 6:57am MST
Citigroup says it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout money.
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More men get economic boost from marriage
Posted: January 19th, 2010, 5:56am MST
Historically, marriage was the surest route to financial security for women. Now it's men who are getting the biggest economic boost from tying the knot, according to a analysis of census data.
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Recession makes some entrepreneurs
Posted: January 19th, 2010, 5:53am MST
The bleak job market is prompting some people to go into business for themselves, whether they want to or not. Call them accidental entrepreneurs. By Allison Linn.
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Taco Bell founder dies at age 86
Posted: January 18th, 2010, 12:08pm MST
Glen W. Bell Jr., an entrepreneur best known as the founder of the Taco Bell chain, has died. He was 86. Bell died Sunday at his home in Rancho Santa Fe.
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Taco Bell founder dies at age 86
Posted: January 18th, 2010, 12:08pm MST
Glen W. Bell Jr., an entrepreneur best known as the founder of the Taco Bell chain, has died. He was 86. Bell died Sunday at his home in Rancho Santa Fe.
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Economy takes toll on university president pay
Posted: January 18th, 2010, 9:23am MST
The recession has reached the executive suites of the nation's public universities and colleges, putting a stop to a string of large annual pay increases for school presidents.
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Apple, Google unfriend each other over mobile
Posted: January 18th, 2010, 7:00am MST
The battle between Silicon Valley's superstars Apple and Google will shape the future of mobile computing.
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Obama uses radio address to sell bank tax plan
Posted: January 17th, 2010, 2:17pm MST
President Barack Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing them out during the financial crisis.
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Posted: January 17th, 2010, 2:17pm MST
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JPMorgan Chase’s profit, bonuses soar
Posted: January 15th, 2010, 11:20am MST
JPMorgan Chase & Co. on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors to also make eye-popping payouts.
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Starwood: Hilton execs stole trade secrets
Posted: January 15th, 2010, 9:31am MST
Starwood accused 44 top Hilton Worldwide executives of stealing trade secrets, escalating a battle over alleged corporate espionage between the lodging chains.
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J&J paid kickbacks to boost sales: prosecutors
Posted: January 15th, 2010, 8:48am MST
Federal prosecutors in Boston say health care giant Johnson & Johnson paid millions of dollars in kickbacks so nursing homes would put more patients on its schizophrenia drug.
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Moldy smell prompts Tylenol recall
Posted: January 15th, 2010, 7:36am MST
Johnson & Johnson expanded a recall of over-the-counter medications Friday, the second time it has done so in less than a month because of a moldy smell that has made users sick.
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JPMorgan Chase profit soars on market rally
Posted: January 15th, 2010, 6:28am MST
JPMorgan Chase has extended the profit winning streak for big U.S. banks, which are likely to award their employees record bonuses.
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JPMorgan Chase profit soars on market rally
Posted: January 15th, 2010, 5:59am MST
JPMorgan Chase has extended the profit winning streak for big U.S. banks, which are likely to award their employees record bonuses.
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Obama’s haves-versus-have-nots bank tax
Posted: January 14th, 2010, 4:12pm MST
It's not just about bad banking.
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Success in Hard Times Front Page
Fetched: January 14th, 2010, 2:17pm MST
Success in Hard Times Front Page -
Geithner will testify on secretive bailout deals
Posted: January 14th, 2010, 12:36pm MST
Treasury Secretary Timothy Geithner is set to testify before a House probe into his role in deals that sent billions of bailout dollars to Goldman Sachs Group Inc. and other big banks.
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Meltdown hearings turn to financial crimes
Posted: January 14th, 2010, 12:29pm MST
Attorney General Eric Holder told a bipartisan panel the Justice Department is using "every tool at its disposal" to fight the financial crimes that contributed to the meltdown.
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Kodak sues Apple, RIM over digital cameras
Posted: January 14th, 2010, 9:42am MST
Kodak said Thursday it is suing Apple and BlackBerry maker Research in Motion over technology related to digital cameras in their iPhone and BlackBerry smart phones.
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Tavern on the Green’s swank goes to auction
Posted: January 13th, 2010, 4:29pm MST
The chandeliers and Tiffany stained glass from New York City's landmark Tavern on the Green were being sold at an auction of just about everything in the bankrupt restaurant.
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Alcoa gives 150,000 cans to wedding fund
Posted: January 13th, 2010, 12:18pm MST
Traditional weddings call for something old, something new, something borrowed and something blue. Alcoa Inc. is giving an engaged couple something aluminum — 150,000 cans.
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Newsweek: Banks benefiting from subsidy program
Posted: January 13th, 2010, 9:30am MST
The big American banks aren't nearly as independent as they would have us believe. JPMorgan Chase, Goldman Sachs, and their peers are still benefitting hugely from a significant post-crisis subsidy program that boosts their profits: the Temporary Liquidity Guarantee Program.
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Wall Street CEOs defend pay practices
Posted: January 13th, 2010, 7:53am MST
Top bank executives are defending their bonus and compensation practices to a special commission investigating the 2008 financial collapse.
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Tough first year for Yahoo’s tough-talking CEO
Posted: January 13th, 2010, 5:54am MST
Carol Bartz spent much of her first year as Yahoo Inc.'s chief executive rallying the troops and clearing the decks, often sounding like a salty drill sergeant.
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NY Fed to be subpoenaed over AIG bailout
Posted: January 12th, 2010, 11:58am MST
The Federal Reserve Bank of New York faces a congressional subpoena into bailout decisions made under the leadership of now-Treasury Secretary Timothy Geithner.
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Feds mull linking bank fees to pay policies
Posted: January 12th, 2010, 9:00am MST
Federal banking regulators are seeking public input on a plan to link the insurance premiums levied on U.S. banks to the degree of risk-taking encouraged by their executive pay policies.
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Why NFL’s Supreme Court case is overhyped
Posted: January 12th, 2010, 5:58am MST
Forbes: Many are hyping the NFL vs. American Needle Supreme Court case, which is on the docket for this week, as one that could define the NFL's antitrust status. Don't believe it.
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Answer Desk: No limits on banker bonuses
Posted: January 11th, 2010, 6:07pm MST
The White House says financial execs “just don’t get it.” Wall Street bankers say that the White House doesn’t get it. But it's the taxpayers who are really getting it. Answer Desk.
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Posted: January 11th, 2010, 6:07pm MST
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Cold imperils Florida's fruit and veggies
Posted: January 11th, 2010, 5:24pm MST
Florida citrus growers were scrambling Monday to assess damage and pick as many oranges as possible from thousands of acres of citrus groves as frozen temperatures sweep the state.
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SEC expands charges against BofA
Posted: January 11th, 2010, 2:45pm MST
Regulators sued BofA, accusing the company of failing to disclose "staggering financial losses" at Merrill Lynch before shareholders approved a combination of the companies.
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AOL will lay off up to 1,200 to reach target
Posted: January 11th, 2010, 12:24pm MST
The struggling Internet company AOL was laying off up to 1,200 workers this week because it didn't get enough volunteers to accept buyouts.
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NY attorney general takes aim at bank bonuses
Posted: January 11th, 2010, 11:08am MST
New York Attorney General Andrew Cuomo is asking the nation's eight biggest banks to reveal how much they plan to pay out in employee bonuses for 2009.
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Super Bowl ad prices drop, but still expensive
Posted: January 11th, 2010, 7:34am MST
The economic slump has prices for Super Bowl commercial time falling for only the second time in its history, but they are still the most expensive on television.
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China learns to ‘work’ Capitol Hill
Posted: January 9th, 2010, 1:22am MST
Although many Americans still view China with deep suspicion because of its communist system, the results of Beijing's image-and-influence campaign are clear on Capitol Hill.
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Books recalled over bad do-it-yourself advice
Posted: January 8th, 2010, 12:14pm MST
Oxmoor House recalled nearly 1 million home improvement books because of errors that could lead do-it-yourselfers to make risky mistakes while installing their electrical wiring.
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Obama billboard to be removed — in 2 weeks
Posted: January 8th, 2010, 11:22am MST
An outerwear company says it will cooperate with a White House request to take down a huge Times Square billboard that uses President Barack Obama as a pitchman.
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Shipping giant UPS cutting 1,800 jobs in U.S.
Posted: January 8th, 2010, 10:33am MST
Shipping giant UPS Inc. will cut 1,800 management and administrative jobs, less than 1 percent of its global work force, as it repositions itself for a gradual economic recovery.
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In world of wine, accidents can be good
Posted: January 7th, 2010, 2:50pm MST
Accidents happen, the people at the Accidental Wine Company like to say. Good thing for them that they do, too, or the Accidental Wine Company would be out of business.
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Lady Gaga tapped to be new face of Polaroid
Posted: January 7th, 2010, 8:22am MST
The instant-photography brand has chosen singer and fashion sensation Lady Gaga to be its creative director and inventor of specialty products.
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Online schools find ready market in military
Posted: January 7th, 2010, 5:38am MST
BusinessWeek: For-profit schools are raking in millions by signing up soldiers as students, in the process they may be taking advantage of the military and the U.S. taxpayer.
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Online schools find ready market in military
Posted: January 6th, 2010, 3:58pm MST
BusinessWeek: For-profit schools are raking in millions by signing up soldiers as students, in the process they may be taking advantage of the military and the U.S. taxpayer.
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Online schools find ready market in military
Posted: January 6th, 2010, 3:58pm MST
BusinessWeek: For-profit schools are raking in millions by signing up soldiers as students, in the process they may be taking advantage of the military and the U.S. taxpayer.
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Netflix to delay renting some new DVDs
Posted: January 6th, 2010, 3:06pm MST
Netflix's 11 million subscribers will have to wait nearly an extra month to rent the latest movies by Warner Bros.
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Justice Dept. to review NBC sale to Comcast
Posted: January 6th, 2010, 1:31pm MST
The Justice Department said that it will be the agency to scrutinize Comcast's plans to buy a controlling stake in NBC Universal's broadcast networks, cable TV channels and movie studios.
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Netflix to delay renting some new DVDs
Posted: January 6th, 2010, 12:58pm MST
Netflix's 11 million subscribers will have to wait nearly an extra month to rent the latest movies by Warner Bros.
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Morgan Stanley wins lawsuit against Discover
Posted: January 6th, 2010, 12:43pm MST
Morgan Stanley won a legal battle with former subsidiary Discover Financial Services over nearly $800 million Morgan Stanley says it was owed by the credit card company.
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Posted: January 6th, 2010, 12:43pm MST
