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    Thanks a Lot for the Disastrous Economic Legacy, Baby Boomers

    Big Oil Isn't as Profitable as Everyone Thinks

    Market News

    Dow Down 205 as Weak Earnings Drag Market Lower

    Poor corporate earnings reports are pounding the stock market in a sour end to an otherwise strong week. The Dow Jones industrial average fell more than 200 points for its worst day in four months.

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    Economy

    Unemployment Rates Fall in 7 Swing States

    Unemployment rates fell or held steady last month in nine key swing states at the center of this year's presidential election. Rates dropped in Ohio, Florida, Wisconsin, Colorado, Iowa, Nevada and North Carolina. They were unchanged in New Hampshire and Virginia.

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    Company News

    Banana Boat Recalls Sunscreen After Some Users Catch on Fire

    The maker of Banana Boat sunscreen is recalling one of its spray-on products after reports that a handful of people have caught on fire after applying the lotion.

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    Investing

    .44 Magnum Investment Scam Was Intended to Be a Real Killer

    After all the times people have been duped by Ponzi schemes and Nigerian scams, people still fall for similar cons. But in the case of the .44 Magnum Leveraged Financing Program, some investors recently found a way to lose their money with a real bang.

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    Personal Finance

    Submit to Peer Pressure, Double Your Savings

    A fascinating new working paper explores the idea of whether peer pressure is effective at motivating people to ramp up their savings.

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    Company News

    Chipmaker AMD Suffers Big Losses, Announces Big Layoffs

    PC chipmaker Advanced Micro Devices said on Thursday it will cut its work force of nearly 12,000 by 15 percent, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets.

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    College Finance

    A Better Source for College Loans May Be Just Around the Corner

    It can be tough to find the money to pay for college, and the federal government's flexible, low-interest student loans often aren't enough. In the past, that has only left the option of private loans, with painfully higher rates. But now, hundreds of community groups are getting into the action.

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    Company News

    Women Are Fleeing Coupon-Free J.C. Penney, New Poll Reveals

    J.C. Penney lost more than 1.3 million of its loyal female fans in the last year, a new survey reveals, and the experts say its "fair and square" pricing strategy is probably to blame.

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    Consumer Ally

    $50,000 Prize If You Can Find Way to Block Robocalls

    Those annoying prerecorded phone pitches known as robocalls aren't just getting on the nerves of millions of consumers: The government is fed up too, and it's turning to the public for help, offering a cash reward for the best way to stop the unwanted sales calls.

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    Market News

    Earnings From McDonald's, Microsoft Sink Stocks

    Disappointing earnings reports from McDonald's, Microsoft and other companies dragged the stock market down Friday.

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    Company News

    McDonald's Franchisees Have Some Harsh Words for Headquarters

    The franchisor-franchisee relationship can be a tense one, especially when corporate asks the operators to spend more money. That's true even at a market leader like McDonald's, where remodeling investments, marketing campaigns and discounting are touchy subjects right now.

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    Company News

    Disney's 2013 Theme Park Plan: Keep the Magic Alive Every Week

    Disney set up a three-story castle made of ice in Times Square this week to introduce its new Limited Time Magic theme park campaign for 2013: The family entertainment giant plans to kick things up a notch at its Florida and California attractions by offering 52 weekly themed events.

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    Real Estate

    Fighting Off Foreclosure: One Woman's Three-Year Ordeal

    When even a single home goes into foreclosure, the effects can be far reaching. In the case of Dee, when she faced foreclosure on her home in Prince George's County, Maryland, the potential hardship extended well beyond her immediate family.

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    Company News

    Google's 3Q Earnings Leak Early, Stock Plunges; Trading Halted

    Google's stock plunged suddenly on Thursday afternoon after it released its third-quarter earnings report early, apparently by mistake. The company's stock fell $68.19, or 9 percent, to $687.30 before trading was halted to give investors a chance to digest the news.

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    Technology

    4 Reasons the Mobile Wallet Revolution Isn't Going Anywhere

    Read the tech news these days, and you could be forgiven for thinking that folding cash and credit cards will soon be extinct, replaced by digital wallets in our smartphones. But the reality hasn't lived up to the hype, and a growing chorus of experts say it probably never will.

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    Media

    Newsweek to End Print Edition, Go All Digital

    Newsweek plans to end its print publication after 80 years and will shift to an all-digital format aimed at online users starting in early 2013. Job cuts are expected. Newsweek's last U.S. print edition will be its Dec. 31 issue.

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    Banking

    Woman Who Lost Home Sues Big Banks Over LIBOR Manipulation

    What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.

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    Credit Cards

    Is Prepaid the Future of Plastic? Fee-Hungry Banks Hope So

    There's a new wave of plastic filling the middle ground between credit cards and debit cards: refillable cards -- or prepaid cards -- that act like a hybrid of both. They're an attractive option for consumers -- and a convenient way for banks to sidestep recent consumer protection laws.

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    Labor

    Weekly Jobless Claims Rise, Technical Issues Cited

    The number of Americans filing new claims for unemployment benefits rose 46,000 last week to a seasonally adjusted 388,000, reversing a sharp decline in the prior week but still pointing to a labor market that is slowly healing.

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    Personal Finance

    How More Women Can Become Philanthropists

    This author believes that more women need to think of themselves as philanthropists and get more strategic in their giving, so that their donations will have the maximum impact. Here's how.

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    Jobs

    Who Pays Better: Big Companies or Small Companies?

    Complaints over higher tax brackets aside, one rule holds true when it comes to your paycheck: Bigger is better. Now, thanks to a recent report out of the Bureau of Labor Statistics, we now know exactly where to look to score the bigger paycheck.

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    Labor

    What If Henry Ford Ran Walmart?

    Walmart employees across the country are picketing their employer right now, asking to be paid living wages and to be given decent health care coverage. But here's a surprise: History shows that if Walmart gave them those things, it could be great for its bottom line. Just ask Henry Ford.

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    Family Money

    Planning for Trouble: Money and Estate Tips for Every Age

    Many people put off doing estate planning on the grounds that it's too complicated. But it's not that difficult, and the right moves can save both you and your family a lot of trouble down the road. Here are a few things to keep in mind for the various stages of your life.

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    Credit

    How These Teachers Paid Off $48,610 in Credit Card Debt

    It started when they were newlyweds. Dawn and David Van Dyke, both teachers, accumulated a mountain of credit card debt during years of spending beyond their means. Here's how they got their family out from under it.

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    Earnings

    American Airlines Parent Company AMR Loses $238 Million in 3Q

    American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy.

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    Technology

    Would You Buy a Best Buy Brand Tablet?

    If you can't beat 'em, you may as well join 'em. That's Best Buy is reportedly doing in the tablet computer game. A source is telling Reuters that the struggling consumer electronics retailer will roll out its own Android-based tablet next month: the Insignia Flex.

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    Real Estate

    U.S. Housing Construction Jumps to 4-Year High

    U.S. builders started construction on homes in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening and could help the economy grow.

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    Earnings

    Bank of America Beats the Street with a Narrow Profit

    Bank of America said Wednesday that it narrowly turned a profit from July through September, good enough to beat Wall Street expectations. The bank earned $340 million in the quarter, which works out to a fraction of a penny per share. But financial analysts expected an 11-cent loss.

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    Save More By Powering Down

    Having to boot up your computer every time you want to use it can be inconvenient, but keeping it in sleep mode may not be the best alternative. Find out why.
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