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 »
EmailGoogle 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 »
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 »
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 »
Apple’s Tim Cook Takes 99 Percent Pay Cut
The world’s most valuable company, Apple Inc., gave CEO Tim Cook a 99 percent pay cut in 2012, according to documents filed with US securities regulators. The CEO who has been at the helm of the Cupertino-based company since founder Steve Jobs died in Oct…. Read More »
Economy 2012: Recovery Gains Traction
For most of 2012 the US economy was about halfway there: halfway between recession and robust growth. “I’m optimistic that the worst days are behind us,” economist Diane Swonk told ABC News in February. “The problem is I don’t think the best days are ahead… Read More »
Car Sales Seen Accelerating in 2013
Morning Business Memo: Car sales are revving up. After a surge of 14 percent this year compared to 2011, Edmunds.com forecasts another gain for next year. Total car sales are likely to top 15 million. As with the improving housing market, accelerating car sales are… Read More »
Disappointing Holiday Sales May Spell Deep Discounts
Morning Business Memo Are you heading back to the mall with post-Christmas returns? The holiday shopping season was disappointing for many retailers, and that could mean deeper than expected discounts at some stores. Retail industry analyst Marshal Cohen says merchants are stuck with inventory they… Read More »
RSS
Twitter
Facebook