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.
Continue reading »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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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.
Continue reading »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.
Continue reading »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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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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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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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.
Continue reading »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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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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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.
Continue reading »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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