Detained U.S. Boss Home After China ‘Nightmare’
Morning Business Memo: His ordeal finally over, a U.S. executive detained for a week by his company’s Chinese workers in a pay dispute has arrived home. Chip Starnes, 42, flew into Fort Lauderdale-Hollywood Airport in Florida early this morning. He told reporters it was a… Read More »
EmailMarkets Await Fed’s Word on Interest Rates
Morning Business Memo… Federal Reserve Board Chairman Ben Bernanke is likely to send financial markets soothing words about interest rates and cheap money. US stock futures and overseas markets rose this morning as hopes grew that the Fed will put off plans to wind down… Read More »
US Employers Sit on Huge Piles of Cash
Morning Business Memo… Today’s employment report from the Labor Department is the most closely watched monthly economic survey and is expected to be by far the biggest concern for the stock market today. If the number of new jobs created last month comes in somewhere… Read More »
‘Real Money’: Save Money On Your Daily Commute
ABC News’ Paula Faris reports: California newlyweds Rob and Lisa Oshima are trying to save money to start a family. But like so many of us, they’re spending too much time and money commuting. Rob drives 20 miles one way from his home in Orinda,… Read More »
Why Wall Street STILL Loves Tuesdays
This year, if you want to make money on Wall Street, the day of the week to do it is Tuesday. For the 20th Tuesday in a row, the Dow Jones Industrial Average finished higher. Today, the Industrials surged 106 points to finish the session at… Read More »
New Home Sales Rise, Jobless Claims Drop
Sales of new homes rose in April rose nearly 30 percent compared with a year ago, according a to a report by the Commerce Department. This is the latest evidence of a recovering housing market, six years after the housing bubble burst leading to a… Read More »
Global Stocks Plunge After Japan Selloff
Morning Business Memo… Wall Street may be in for a wild ride today after a sharp retreat for stocks in Japan. US stock futures dropped after the Nikkei index in Tokyo plunged 7.3 percent overnight, its worst one-day loss in more than two years. Global… Read More »
No Summer Slowdown for GM, Ford and Chrysler
Morning Business Memo… Thousands of US auto workers may have to cancel their vacation plans. Growing consumer demand for cars and trucks has the industry changing its usual summer vacation schedule. Ford says the traditional two-week summer break is being cut to a single week…. Read More »
Is Yahoo Paying Too Much for Tumblr?
Morning Business Memo… Yahoo is spending $1.1 billion to buy the six-year-old blogging site Tumblr. The acquisition is the biggest yet for Yahoo CEO Marissa Mayer, and is part of her continuing push to give Yahoo credibility with a younger crowd, and make it a… Read More »
Unemployment: How Does Your State Rank?
More signs that the job market is slowly recovering: 40 states showed a drop in unemployment in April. Louisiana, Tennessee and North Dakota showed an increase in the unemployment rate, while rates were unchanged in seven states, according to the Labor department. The country’s unemployment… Read More »
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