Stocks Off to Strong 2013 Start
Morning Business Memo: If only the rest of the year on Wall Street could be as good as the first week. The S&P 500 and Nasdaq are up 4.5 percent since January 1. The S&P 500 index is at the highest level in five years…. Read More »
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Diana Photo Mystery Man Revealed
The mystery of the young man sitting beside the late Diana Spencer in a photo apparently prohibited from being published has been solved. The photo of Lady Diana before she married into the royal family will be up for auction later this month. Besides the identity… Read More »
Google FTC Probe Finds No Antitrust Issues
Morning Business Memo… Federal regulators spent more than a year and a half looking into whether Google favored its own products in search results. They didn’t come up with much. The Federal Trade Commission has decided not to bring charges. The announcement is a blow… Read More »
Current TV, Al Jazeera Deal Tries to Lure U.S. Viewers
Hillary Clinton and some other Americans who want a global perspective may be fans of the Qatar-based news service Al Jazeera, but will Americans tune in to its new English channel? Owned by the government of Qatar but broadcast across 130 countries, the Arab-language news… Read More »
‘Do Not Publish’ Photo of Diana to be Sold
A photo showing a rare glimpse into the life of Lady Diana before she married into the royal family will be up for auction later this month. The photo formerly belonged to the former British newspaper, the Daily Mirror. It has the words, “not to… Read More »
Stock Euphoria May Dim Over Deficit
Morning Business Memo… Wall Street’s first day of trading for 2013 brought the biggest gains in more than a year for the Dow Jones index – up 308 points. Other averages rose after the fiscal cliff deal in Congress. Ten stocks rose for every one… Read More »
Markets Surge After Fiscal Cliff Deal
Morning Business Memo Your 401(k) plan may be looking better this morning after a solid gain last year. Expect a big stock market bounce after the House passed the Senate’s fiscal cliff agreement. Futures shot up after the drama finally ended late Tuesday. Economists had… Read More »
‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)s
Investors hate uncertainty, and Washington’s game of cat and mouse on the so-called fiscal cliff of tax hikes and spending cuts has erased hundreds of billions of dollars from the wealth of Americans. If a deal is not reached, the consequences for the economy will be… Read More »
Biggest Losers: 9 Stocks Hammered in 2012
The New Year is almost here, and executives at some U.S. companies are glad 2012 is over. These are the firms that went off the rails, leading to large share-price losses. For this story, we looked at the nine biggest share-price losers among U.S.-based companies with market… Read More »
After 5 Deaths, Stores Recall Nap Nanny Recliners
The company that makes the Nap Nanny – a device marketed as a portable recliner for infants to sleep on – has refused to recall the product, even after the Consumer Product Safety Commission reported 70 complaints, including 5 deaths. So now, in an unusual… Read More »
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