Congress's proposed bailout plan for the government-assisted home lenders may cost taxpayers $25 billion.
Foreign Investment in U.S. Continues With Roche's Genentech BidRoche's proposal to acquire the portion it doesn't already own of U.S. biotech firm Genentech is but the latest in a long-term cycle of foreign purchases of American holdings.
Fed Reserve inflation hawk: Rates should go upWASHINGTON - To fend off inflation, the Federal Reserve probably will need to boost interest rates 'sooner rather than later' even if employment and financial conditions haven't revived, the president of the ...
Lenovo, Asia exporters face pressureJuly 22 - Asian electronics giants like PC-maker Lenovo face investor concern about earnings amid global slowdown.
Yahoo makes deal with Icahn on board seatsUnder the deal, Icahn, who owns almost five percent of Yahoo shares, agreed to withdraw his slate of nominees for the company's annual meeting of shareholders on August 1, Yahoo said in a statement.
Apple handily beats estimatesDespite soaring profits and strong sales across Apple's product line over the past quarter, investors pounded the company's stock Monday because of its less-than-optimistic outlook for the rest of the year.
Starbucks resists coffee patron cries and moves forward with plans to close storesDespite pleas from loyal coffee drinkers, Starbucks Corp. said it is moving forward with its plans to close 600 of its stores.
National Mall, in Disrepair, Still Awaiting ImprovementsSeventeen dead ducks recently showed up in the reflecting pool at the National Mall in Washington, D.C. Many believe the 200-year-old park is overdue for a facelift.
Fed Chairman Bernanke's financial disclosure reveals no-frills investmentsWASHINGTON : Engulfed by economic and financial turbulence, Federal Reserve Chairman Ben Bernanke has taken extraordinary steps to ease America's problems.
Court tosses FCC 'wardrobe malfunction' fineA federal appeals court on Monday threw out a $550,000 indecency fine against CBS Corp.
Asia stocks leap but inflation loomsJuly 21 - Asia stocks rose on Monday as investors took heart from a smaller than expected loss from U.S. giant Citigroup.
Oil prices rise to near $130 a barrel in AsiaOil prices rose on Monday in Asia to near US$130 on concerns that the threat of new sanctions against Iran over its nuclear program may escalate tensions in the oil-rich Gulf region.
Talks on Saturday ended with Iran stonewalling Washington and five other world powers on their call to freeze uranium enrichment. In response, the six gave Iran two weeks to respond to their demand, setting the stage for a new round of U.N. sanctions.
The U.S. sent Undersecretary of State William Burns to the talks in hopes the first-time American presence would encourage Tehran into making concessions. But the talks' lack of progress may lead to 'further isolation' for Iran, the U.S. spokesman said.
Getting lease for oil drilling is just the startIt's part of nearly 2 billion acres overseen by two federal agencies - the Bureau of Land Management and the Minerals Management Service - that have potential for oil and gas exploration, the bulk of which is ...
Google shares fall after disappointing earningsGoogle shares tumbled more than 9 percent in early trading today after the Internet search leader's second-quarter earnings missed analysts' expectations.
Ford to retool U.S. plants for European cars: report - ReutersCar maker Ford Motor Co is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday.
Bullion & Business Weekend Report for July 12Gold settled, remaining largely unchanged for the week after Iranian tensions appeared to ease and financial markets stabilized. Weaker crude oil prices also weighed in to help keep gold in check. Platinum experienced five pounding days of losses as lowering supply fears slammed prices down.
Honeywell 2Q profit rises 18 pct, boosts viewHoneywell International Inc. said Friday that its second quarter earnings rose 18 percent, driven by higher profits in its aerospace and building control systems businesses.
Sony Ericsson: steep drop in 2Q profitMobile phone maker Sony Ericsson is reporting a steep 97 percent drop in second-quarter earnings as tougher market conditions hurt its sales.
Mixed picture for corporate earningsJul. 18 - Gains in financial stocks help Dow snap a four week losing streak - the S&P 500 and Nasdaq snap six weeks of losses.
Satellite radio saga takes unexpected turnIn this March 21, 2007 file photo, XM Satellite Radio and Sirius Satellite Radio products are advertised side by side on the exterior windows in the Sherman Oaks section of Los Angeles.