Industry News

Opel: The achilles heel in GM's IPO

CNN Financial News Thu, 09/02/2010 - 11:45
As General Motors gets ready to take its show on the road in support of its initial public offering after Election Day, one of its biggest question marks is the future of Opel and its European division.

Harrisburg, Pa., defaulting on its bonds

CNN Financial News Thu, 09/02/2010 - 11:22
The capital city Pennsylvania is broke and will be skipping this month's multi-million dollar bond payment.

HP wins 3PAR bidding war after Dell drops out

CNN Financial News Thu, 09/02/2010 - 11:07
The 3PAR bidding war finally came to its conclusion Thursday after Dell conceded victory to Hewlett-Packard.

Burger King to be bought by 3G Capital for $4 billion

CNN Financial News Thu, 09/02/2010 - 10:46
Burger King said Thursday that it has agreed to be acquired by investment firm 3G Capital in a deal valued at $4 billion.

Back to school sales get an A

CNN Financial News Thu, 09/02/2010 - 10:33
Retailers reported surprisingly strong August same-store sales as many consumers braved scorching summer temperatures to bag juicy discounts on school-related products.

Jobless claims decline, but not enough

CNN Financial News Thu, 09/02/2010 - 09:40
The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish.

Overworked? Take back your lunch hour

CNN Financial News Thu, 09/02/2010 - 09:34
Dear Annie: Your article about why everyone should take a vacation ("5 ways to take a guilt-free vacation," June 2) got a lot of attention in my office, and we all agree that we are exhausted and need some downtime. But how are we supposed to take our vacations when we can't even get away from our desks long enough to go out for lunch? I work for a big company where so many people have been laid off in the past two years that, even with business relatively slow, we are all putting in 10- and 12-hour days (for weeks on end) just to get the work out the door.

Stocks poised for flat open

CNN Financial News Thu, 09/02/2010 - 08:55
U.S. stocks were set for slight gains on Thursday, after jobless claims figures came in lower and retail same-store sales came in strong.

A new M&A boom? Not so fast.

CNN Financial News Thu, 09/02/2010 - 06:37
August is usually filled with the dog days of summer, but this year corporate dealmakers skipped their vacations and went shopping instead.

Strongest jobs recovery in decades. Seriously

CNN Financial News Thu, 09/02/2010 - 06:26
A jobless recovery? Hardly.

4 tips for caring for mom and dad

CNN Financial News Thu, 09/02/2010 - 06:10
Caring for an ailing or aging parent is never easy, but the challenges only multiply when Mom and Dad live far away.

Cisco/Skype marriage would face a major hurdle

CNN Financial News Thu, 09/02/2010 - 05:53
Cisco's rumored bid for Skype would make a great deal of strategic sense for the networking giant, but the pairing faces one major obstacle that might prevent the deal from getting done.

Cisco/Skype marriage would face a major hurdle

CNN Financial News Thu, 09/02/2010 - 05:45
Cisco's rumored bid for Skype would make a great deal of strategic sense for the networking giant, but the pairing faces one major obstacle that might prevent the deal from getting done.

Oil roars into September 'like a lion'

CNN Financial News Wed, 09/01/2010 - 19:30
After ending August in a slump, oil prices surged into September, rallying nearly 3% Wednesday as the economic outlook brightened.

Corporate cards for consumers?

CNN Financial News Wed, 09/01/2010 - 17:58
Sen. Charles Schumer, D-N.Y., is worried that credit card issuers are making it too easy for consumers to get corporate cards, which are exempt from tougher new laws.

September surprise: Stocks soar

CNN Financial News Wed, 09/01/2010 - 17:56
The bulls are back on Wall Street. After a bearish August, stocks roared into September with a major rally Wednesday, as investors cheered signs of strength in the manufacturing sector.

Apple introduces new Apple TV and iPods

CNN Financial News Wed, 09/01/2010 - 17:32
Apple CEO Steve Jobs introduced a revamped Apple TV device, a new iPod line, an iTunes social network and updates to the operating system for the iPhone, iPod Touch and the iPad at Apple's highly anticipated product launch event on Wednesday.

Auto sales: Worst August since 1983

CNN Financial News Wed, 09/01/2010 - 17:14
The nation's top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.

Treasurys fall on upbeat manufacturing data

CNN Financial News Wed, 09/01/2010 - 16:47
Investors eased away from safe-haven Treasurys Wednesday, sending prices lower and yields higher after strong manufacturing data out of both the U.S. and China spurred optimism about the global economy.

Energy regulation gets personal

CNN Financial News Wed, 09/01/2010 - 15:32
On Monday, the Obama administration issued a policy mandating that employees of the Bureau of Ocean Energy Management -- one of the three agencies spawned from the MMS -- disclose personal relationships with employees of companies that they regulate. When BOEM workers identify a conflict of interest, they are supposed to opt out of regulating in that situation. Industry workers and regulators in the Gulf often have the same social circles and live in the same communities. It's going to be tough for the government to watch them closely.
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