‘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 »
EmailBiggest 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 »
Kate Winslet Receives Ticket to Space
Kate Winslet will blast off to space thanks to a $200,000 ticket gifted to the actress from Sir Richard Branson. According to the Daily Telegraph, the actress, who recently married Branson’s nephew Ned RocknRoll, received the out-of-this-world ticket from Branson as a thank you for… 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 »
US Household Debt Falls to 29-Year Low
Morning Business Memo While politicians in Washington stumble toward the fiscal cliff, American households have really cleaned up their act. After consumers build up a massive debt load during the housing bubble of the early 2000′s, they went on a money diet. According to the… Read More »
Time for Romney-Style Binders? Corporate Women Lag Behind
Mitt Romney may have introduced “binder full of women” into the lexicon, but a group working to promote women in business is proposing its own binder full of women in conjunction with its release on the latest, dismal numbers on women at the top of… Read More »
8 Things That Will Cost More in 2013
Happy New Year! Your life just got more expensive. While congress frets over the looming fiscal cliff and taxpayers brace themselves for higher tax rates, consumers should prepare for certain goods to become pricier in 2013. Groceries, fuel-efficient cars, and health care are all expected to get… Read More »
IRS Year-End Tax Saving Tips
While the looming fiscal cliff makes America’s financial future uncertain, it is certain that taxpayers will shell out more money to the government in 2013. And, while it’s impossible to determine exactly what type of increases taxpayers will see, there are still ways to help you save… 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 »
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