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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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Late Payments On Mortgages Hit 3-Year Low

Posted: 08/07/2012 - U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report.

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Knight Avoids Collapse With $400 Million Lifeline

Posted: 08/06/2012 - Knight Capital Group, the trading firm responsible for last week's stock market mayhem, avoided collapse by lining up a $400 million lifeline from a group of other Wall Street companies Monday morning.

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U.S. Consumer Confidence Rises In July

Posted: 07/31/2012 - U.S. consumer confidence rose in July after four months of declines, as a brighter outlook for short-term hiring offset longer-term worries about the economy.

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Home Prices Rose In All Major US Cities In May

Posted: 07/31/2012 - Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.

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Ford Recalls Nearly 500K Escape SUVs For Sticking Pedals

Updated: 07/28/2012 - The new recall, which affects 2001 to 2004 models that have 3-liter, V-6 engines with cruise control or approximately 484,600 vehicles, was ordered after safety inspectors discovered the accelerator's speed control cables could become stuck.

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