Industry News

Dollar mixed ahead of Fed statement

CNN Financial News 1 hour 54 min ago
The dollar was mixed against major currencies Tuesday ahead of the Federal Reserve's decision on interest rates.

What's left of Lehman: A plan

CNN Financial News 2 hours 24 min ago
The battered financial services firm Lehman Brothers Holdings has submitted a proposal with the U.S. Bankruptcy Court in New York to resolve the biggest Chapter 11 filing in Wall Street history.

Stocks set for gains

CNN Financial News 3 hours 15 min ago
U.S. stocks were set for a higher open Tuesday, as investors awaited the Federal Reserve's decision on interest rates.

No room for error on U.S. debt

CNN Financial News 4 hours 9 min ago
The United States isn't in jeopardy of losing its gold-plated credit rating, though by one measure America is closer to the ratings-downgrade danger zone than Spain.

How 3 small businesses stood up to larger competitors

CNN Financial News 4 hours 32 min ago
The Little Clinic vs. CVS MinuteClinic

How TOMS Shoes founder Blake Mycoskie got started

CNN Financial News 5 hours 16 min ago
My first venture was a door-to-door laundry business for students that I started while on a partial tennis scholarship at Southern Methodist University in Dallas. I wanted to do something that didn't depend on my hands to create value.

Jackson estate signs $250 million record deal - reports

CNN Financial News 5 hours 19 min ago
The administrators of Michael Jackson's estate and Sony Music Entertainment have reached a recording deal valued at as much as $250 million, according to published reports.

Dodd: Time to reform Wall Street is now

CNN Financial News 5 hours 24 min ago
The head of a key banking panel on Monday released a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.

10 years to retirement - Are you ready?

CNN Financial News 5 hours 38 min ago
Question: I have about 10 years until I retire, and I'm wondering whether I should put my 401(k) savings back into high-risk stock funds or a moderate-risk stock fund like a Standard & Poor's 500 index fund. What do you think? -- Paul, Brockton, Mass.

Toyota takes aim at California runaway Prius story

CNN Financial News Mon, 03/15/2010 - 20:24
Toyota challenged a California driver's story of an out-of-control Prius at a press conference Monday afternoon.

Mixed finish for stocks

CNN Financial News Mon, 03/15/2010 - 17:41
Stocks ended mixed Monday, fighting back from big losses, as investors weighed Moody's warning about the United States' AAA rating and a proposed bank regulation bill ahead of Tuesday's Federal Reserve meeting.

Dollar gains versus euro

CNN Financial News Mon, 03/15/2010 - 16:27
The dollar gained against the euro and the pound, but fell versus the yen on Monday as equities ended mixed and investors continued to worry about finding a concrete solution for Greece's mounting debt.

Feds arrest their first bank bailout fraud suspect

CNN Financial News Mon, 03/15/2010 - 16:27
Federal authorities on Monday charged the former chief executive of a New York bank with being the first suspect to try and rip off taxpayer funds from the Troubled Asset Relief Program.

Treasurys look ahead to Fed meeting

CNN Financial News Mon, 03/15/2010 - 16:20
Long-term bonds dipped slightly, but U.S. debt prices were otherwise flat Monday, as investors weighed a mix of economic reports and await a Fed meeting Tuesday.

Stimulus tax credit buys robots and tractors

CNN Financial News Mon, 03/15/2010 - 15:43
Rick Heflin recently bought a $110,000 assembly robot for his computer electronics company -- and the stimulus bill helped pay for it.

Oil plummets amid renewed uncertainty

CNN Financial News Mon, 03/15/2010 - 15:05
Oil fell on Monday, on renewed uncertainty over the debt crisis and the dollar strengthened against major currencies.

How to craft a (toothless, reformless, too-big-to-fail-ignoring) bipartisan bill

CNN Financial News Mon, 03/15/2010 - 15:00
Washington insiders are all pumped up by Sen. Chris Dodd's pending financial reform bill. They say that it seems to have a real chance to garner bipartisan support. Yippee! That sounds great on the surface, but ask yourself WHY it seems more popular than, say, Obama's health-care bill? Reason is that Dodd's dang thing's got no teeth! Sure the bill has a measure to create a consumer protection agency within the Fed, (even that's controversial) and it would ban bank execs from being on the New York Fed's board. Then there's the real torches and pitchforks stuff, but even here, the bill is fangless. The proposed bill would allow shareholders to have "advisory votes" (say what?) on executive pay.

Census: Help save Uncle Sam $1.5 billion

CNN Financial News Mon, 03/15/2010 - 13:37
The Census Bureau estimated Monday that Americans could save the federal government $1.5 billion by mailing their 2010 census forms instead of waiting for a census taker to show up at the door.

Secret tips for buying a new car

CNN Financial News Mon, 03/15/2010 - 13:25
Want to know the best day to buy a car next month? It's April 12th, the Monday before taxes are due, according to a new study. Since shoppers will be preoccupied and feeling poor, dealers will be eager to make a deal so they can move some inventory.

Big business to investors: We're cheap!

CNN Financial News Mon, 03/15/2010 - 12:28
Big businesses have a lot of cash, and many are starting to put it to use -- to invest in themselves.
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