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Some Question Minimum Wage Increase

Posted: 07/24/2009 - The federal minimum wage goes up 70 cents today. Backers of the increase say it's long overdue for millions of the nation's working poor. But some economists say the increase could prolong the recession

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Dow Tops 9,000

Posted: 07/23/2009 - The Dow Jones industrials rose back above 9,000 for the first time since early January.

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VW To Pursue Deal With Porsche

Posted: 07/23/2009 - Volkswagen AG says it will pursue an eventual combination with Porsche but vows the sports car maker will not lose its independence.

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June Existing Home Sales Rise By 3.6%

Posted: 07/23/2009 - A real estate group's report says sales of previously occupied homes rose 3.6% from May to June, the third consecutive monthly increase and a sign that a housing recovery is under way in much of the country.

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New Jobless Claims Rise To 554K, Total Rolls Fall

Posted: 07/23/2009 - The government says the number of newly laid-off workers seeking jobless benefits rose last week, though the report was distorted by the timing of auto plant shutdowns.

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Regulators Seek Millions From Auto Corporation CEO

Updated: 07/22/2009 - Regulators are seeking more than $4 million from the former chief executive of auto parts retailer CSK Auto Corp., accusing him of profiting while the company allegedly committed accounting fraud.

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Qualcomm Third Quarter Profit Edges Lower

Updated: 07/22/2009 - Qualcomm says its fiscal third-quarter profit edged slightly lower, though CEO Paul Jacobs says the chip maker had a strong quarter and healthy demand.

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E-Trade 2Q Loss Widens To $143 Million

Updated: 07/22/2009 - Online broker E-Trade Financial Corp. says it had a deeper second-quarter loss as loan defaults and investments continued to pressure profit.

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Some IMF Members Say China's Currency Undervalued

Posted: 07/22/2009 - The International Monetary Fund is welcoming China's progress in letting the market determine the value of its currency, the yuan, but says some countries believe it remains "substantially undervalued."

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Gold, Other Metals Rise; Oil Prices Fall

Posted: 07/22/2009 - Prices for gold and other metals are slightly higher, but other commodities are mixed as investors assess the latest batch of corporate earnings reports.

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GM, Chrysler Defend Dealer Cuts

Posted: 07/22/2009 - General Motors and Chrysler are defending their plans to eliminate about 3,000 dealerships across the nation during the second day of congressional hearings on the auto industry.

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Company: Crescent Oil President Guilty Of Fraud

Posted: 07/22/2009 - A Texas company accused of defrauding a Kansas-based gasoline distributor that eventually filed for bankruptcy says it was the one that was a victim of fraud.

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Wal-Mart Settles Lawsuit By Wash. Workers For $35 Million

Updated: 07/22/2009 - Wal-Mart Stores Inc. has agreed to pay $35 million to settle a class-action lawsuit that says workers at Washington state stores were forced to skip meal and rest breaks or work off the clock.

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