Industry News

Jobless claims bill OK'd by Senate

CNN Financial News 6 hours 35 min ago
The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks.

Carlos Slim tops Bill Gates as world's richest man

CNN Financial News 6 hours 42 min ago
Forbes magazine released its annual list of the world's richest people Wednesday, and for only the second time since 1995, Microsoft founder Bill Gates' name was not at the top.

Twitter users not so social after all

CNN Financial News 7 hours 52 min ago
Twitter may be a fast-growing social network, but most of its 50 million accounts merely follow other users rather than posting their own messages.

Airline stocks take off

CNN Financial News 8 hours 41 min ago
Airline stocks rallied Wednesday, riding a wave of investor sentiment that 2010 is shaping into a profitable year for the industry, experts say.

Stocks post modest gains

CNN Financial News 8 hours 45 min ago
Stocks rose Wednesday, with the Nasdaq ending at its highest level in more than 18 months, on strength in the financial services sector and an upbeat report on wholesale inventories.

Dollar seesaws

CNN Financial News 8 hours 48 min ago
The dollar was mixed against major currencies Wednesday, rising against the yen and pound but giving up gains versus the euro.

Oil rises after inventory report

CNN Financial News 9 hours 3 min ago
Oil prices rose Wednesday as the government's weekly inventory report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.

Treasurys dip as $21B auction sees big demand

CNN Financial News 9 hours 4 min ago
Treasurys traded lower Wednesday as stocks advanced slightly and a government auction of $21 billion in 10-year notes generated strong demand.

Record monthly deficit for U.S.: $221 billion

CNN Financial News 9 hours 20 min ago
The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.

Royal Dutch Shell halts gasoline sales to Iran

CNN Financial News 10 hours 56 min ago
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.

State unemployment picture brightens

CNN Financial News 11 hours 59 min ago
A total of 30 states and Washington, D.C., reported rising unemployment rates in January, down from the number in the previous month, according to a government report released Wednesday.

Welcome to the United States of Iceland

CNN Financial News 12 hours 20 min ago
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own.

Medical bills: Knowing what to avoid

CNN Financial News 12 hours 31 min ago
For people who have health insurance, the level of fine print is rising along with the costs.

Younger people have trouble getting credit

CNN Financial News 12 hours 42 min ago
Getting credit? Not easy in this market. But it's even more difficult if you're between the ages of 22 and 34 according to a new survey.

Citi, AIG, Fannie and Freddie: The Not Fab 4

CNN Financial News 12 hours 47 min ago
Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place.

BofA to scrap overdraft fees on debit purchases

CNN Financial News 13 hours 17 min ago
Bank of America said Wednesday that it plans to ditch overdraft fees on debit card purchases this summer.

Can the Toyota Way survive Toyota's ways?

CNN Financial News 13 hours 21 min ago
In the 1950s, a Toyota engineer named Taiichi Ohno, just back from visiting the United States, where he was wowed by its supermarkets, began to think about how he could use what he saw as a way to run a factory. He obsessed over the idea of eliminating waste, of avoiding inventory buildup, of empowering workers to follow instructions meticulously and of aiming to continually improve.

Forget Toyota. Chrysler's got the most problems.

CNN Financial News 13 hours 25 min ago
The car company that is off to the worst start of 2010 isn't Toyota. It's Chrysler Group.

CEO departures highest since Sept. 2008

CNN Financial News 13 hours 32 min ago
The number of chief executives who left their posts surged in February to the highest level since September 2008, when the economy was rocked by the financial crisis.

Firing the $70 billion man: Full version

CNN Financial News 15 hours 29 min ago
On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.
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