Industry News
Stocks set for big selloff
U.S. stocks were poised to fall sharply at Tuesday's open as a selloff in global markets rattled confidence.
How a business makes it to $1 million
After a year with the Peace Corps in Kenya, husband and wife team Kevin Ward and Renice Jones returned to the U.S. with a business idea: import Kenyan crafts and provide artisans with an affluent new market for their wares.
How a business makes it to $1 million
After a year with the Peace Corps in Kenya, husband and wife team Kevin Ward and Renice Jones returned to the U.S. with a business idea: import Kenyan crafts and provide artisans with an affluent new market for their wares.
Why there won't be Wall Street perp walks
Don't expect Wall Street to give up their tasseled loafers and French cuff dress shirts for orange jumpsuits anytime soon.
How much health insurers actually spend on you
Consumers spend thousands of dollars a year on health insurance premiums, and the reform law aims to regulate just how much of that money insurers actually spend on medical costs.
Boom in real estate auctions
Going, going, gone: An increasing number of homes are now being sold at auction -- rather than through real estate brokers -- in an effort to dump properties more quickly and efficiently.
Summers: U.S. must balance stimulus, deficits
The U.S. government must find a balance between supporting the economic recovery and reducing long-term budget deficits, White House economic advisor Lawrence Summers said Monday.
Wal-Mart slashes iPhone price to $97
Wal-Mart, the world's largest retailer, plans to slash the price of Apple's 16GB 3GS iPhone to $97 beginning Tuesday.
Auto dealers close to escaping consumer rules
Auto dealers are a step closer to escaping increased oversight from a new consumer financial protection regulator that will be created by the Wall Street reform push.
The disappearing of Tim Geithner and Larry Summers
Observations, questions, and commentary on today's business news headlines. Streetlife IS the Captain's Blog:
HUD, FEMA Extend Disaster Housing Assistance Program in Louisiana and Texas for Gustav and Ike
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan and Federal Emergency Management Agency Administrator Craig Fugate announced today a second extension to the Disaster Housing Assistance Program-Ike (DHAP-Ike), giving families who were displaced by Hurricanes Ike and Gustav more time to transition to long-term housing solutions. This extension increases the total length of the program to two years for eligible families.
HUD Secretary Announces Disaster Assistance for Kentucky Storm Victims
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 11 counties in Kentucky and provide support to homeowners and low-income renters forced from their homes following the ongoing severe storms, flooding, mudslides and tornadoes.
Texas Rangers in bankruptcy filing; Ryan to buy team
Baseball great Nolan Ryan and a group of investors announced plans Monday to buy the Texas Rangers in a bankruptcy deal valued at $575 million.
The best private equity deal to ever fall apart
When news started to trickle out two weeks ago that a consortium of private equity firms were in talks to buy up a Fortune 500 provider of real estate and financial services called Fidelity National Information Services, chatter among financial types went right off the scale. At a proposed $15 billion, the offer, from Blackstone Group LP, Thomas H. Lee Partners and TPG Capital, would have been the largest leveraged buyout since the end of the great PE boom in 2007.
Is this the start of a new bear market?
Sell in May and go away may seem like a silly Wall Street saying. But if you actually followed those words of wisdom, you'd be breathing a lot easier right now.
China's yuan: overvalued or undervalued?
Could the Chinese yuan be overvalued?
Offshore drilling showdown looms
Despite the massive oil leak in the Gulf of Mexico, the government is under pressure to issue new permits for offshore drilling as early as next week.
Dow falls to 3-month low
Stock selling accelerated through the close, with the Dow ending at a three-month low as worries about the global economic outlook overshadowed a bigger-than-expected rise in existing home sales.



