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Most Laid-Off US Workers Take Pay Cuts In New Jobs

Posted: 08/24/2012 - The U.S. economic recovery hasn't felt much like one even for people who managed to find new jobs after being laid off. Most of them have had to settle for less pay.

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Average On 30-Year US Mortgage Up To 3.66 Percent

Posted: 08/23/2012 - Average U.S. rates on fixed mortgages rose for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.

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Analysts: Recession Likely Without Budget Accord

Posted: 08/22/2012 - A new recession is likely if a stalemate over tax and spending cuts continues between Democrats and Republicans, according to dire projections by the nonpartisan Congressional Budget Office on one of the this year's defining campaign issues.

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Apple Sets Record For Company Value

Posted: 08/20/2012 - On Monday, its surging stock propelled the company's value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

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Best Buy Hires Joly As New CEO

Posted: 08/20/2012 - Best Buy Co. is confirming it has named Hubert Joly, the former CEO of global hospitality company Carlson, as its new CEO and president.

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Facebook Falls To Half Of Public Offering Price

Posted: 08/17/2012 - Facebook's stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company's initial public offering in May.

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Number Of New Credit Cards Issued Rises

Posted: 08/14/2012 - An analysis of consumer-credit data shows that Americans are carrying more credit card debt than a year ago, yet the late-payment rate for card holders remains near an 18-year low.

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Camp Aims To Lift Clown Frowns During Slow Economy

Posted: 08/14/2012 - Several dozen clowns from around the U.S. and Canada gathered to learn new magic tricks, sharpen their punch lines and train would-be professional buffoons at a clown camp in Southern California.

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Applications For Unemployment Aid Fall By 6,000

Posted: 08/09/2012 - The number of Americans applying for unemployment benefits fell by 6,000 last week to a seasonally adjusted 361,000, a level consistent with modest gains in hiring.

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