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- UPS Sets New Rates For 2010
UPS Inc., the world's largest shipping carrier, is hiking 2010 rates for ground packages by an average of 4.9%.
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- Stocks Decline In Early Trading As Dollar Rises
Stocks are falling in the early moments of trading as the dollar strengthens further, and after a week of mixed economic reports.
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- GM Analyst Predicts Solid November U.S. Sales
GM's top sales analyst says U.S. auto sales in November could top an annual rate of 10.8 million for the first time year besides this summer, which was helped by the Cash for Clunkers rebates.
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- House Panel Votes To Audit Federal Reserve
The House Financial Services Committee has voted to pull the curtain on the normally secretive Federal Reserve by subjecting the nation's central bank to a sweeping congressional audit.
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- House Panel: Wall Street Must Prepay For Failures
The House Financial Services Committee has voted to assess fees on Wall Street firms and other large companies to pay in advance for the costs of dismantling failing nonbank financial institutions.
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- Stronger Dollar, Weak Economic Data Pummel Stocks
Energy and material stocks are showing the biggest losses as a jump in the dollar sends commodity prices tumbling.
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- Verizon Wireless Lays Off Former Alltel Workers
Verizon Wireless is laying off former Alltel Corp. headquarters workers in Little Rock.
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- Stocks Decline In Morning Trading
Stocks have been taking a beating this morning, with the major indexes down more than 1%.
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- Mortgage Delinquencies Hit Record-High In 3Q
An industry group says more than 14% of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter.
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- Jobless Benefits Could End For Many In January
The expiration of an emergency measure at the end of the year means more than 1 million people will lose jobless benefits in January unless Congress does something soon.
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- Home Construction Plunges 10.6% In October
Construction of new homes plunged last month as builders waited to see whether lawmakers would extend a tax credit for homebuyers.
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- Stocks Modestly Lower In Early Trading
Stocks are sliding in early trading after a report showed housing starts dropped unexpectedly in October.
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- Stocks Post Modest Gains On Rise In Commodities
The advances Tuesday were enough to push major stock indexes to new 13-month highs.
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- Hershey, Ferrero Said To Be Mulling Cadbury Bid
U.S. chocolate company Hershey has been working with Italian chocolate maker Ferrero to craft a possible joint bid for Cadbury PLC, according to a published report.
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- Gold, Other Metals Hold To Gains As Dollar Rises
Gold, silver and copper are little changed a day after hitting highs, while energy and agriculture futures are slightly higher.
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- Stocks Mixed After Earnings Data, Economic Reports
Stocks are mixed as investors find little to pull them into the market after two weeks of big gains.
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- Geithner: Must Rebalance Global Economic Growth
Treasury Secretary Timothy Geithner says the global economy is moving toward a recovery but countries can't rely on U.S. consumers to serve as the engine of worldwide growth.
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- Wholesale Inflation Up Less Than Expected In Oct.
Wholesale prices rose less than expected in October as a weak economy keeps inflation pressures largely in check.
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- Stocks Little Changed
Stocks have been little changed in the early going. Investors are digesting reports showing industrial production rose less than expected, while another report showed inflation has been in check.
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- Fed Reduces Length Of Emergency Loans
The Federal Reserve announced Tuesday that it will reduce the length of loans banks can draw from its emergency lending program since the worst of the financial crisis has passed.
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- Microsoft Co-Founder Allen Treated For Lymphoma
Microsoft co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma.
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- GMAC CEO Steps Down
De Molina's sudden resignation comes while the lender is in the midst of negotiating with the Treasury Department over additional taxpayer assistance.
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- Stocks Fall Modestly In Early Trading
Investors are examining earnings from retailers, looking for signs of strength in consumers. A report showing a rebound in retail sales helped push major indexes higher on Monday.
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- Fed To Keep Eye On Sliding Dollar, Keep Interest Rates Low
Federal Reserve Chairman Ben Bernanke says the central bank will keep a close eye on the sliding U.S. dollar even as he pledges anew to keep interest rates at record-lows to nurture the economic recovery.
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- Sales Rise 1.4% In October
The government reports that retail sales rose more than expected in October. That was due largely to a big rebound in auto sales. But broader consumer spending remains under pressure.
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- UPS Pegs Dec. 21 As Busiest Day Of 2009
UPS Inc., the world's largest shipping carrier, expects to deliver roughly 22 million small packages on its busiest day this year — projected to be Dec. 21.
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- GM To Begin Repaying Aid By Year-End
General Motors will begin paying back $6.7 billion worth of U.S. government debt by the end of 2009, according to a person familiar with the matter.
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- Stocks Rise Early As Retail Sales Rebound In Oct.
Excluding the gain from autos, sales rose just 0.2%, half the increase predicted.
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- Fed: Banks Need Customer Consent On Overdraft Fees
The Federal Reserve has issued a new rule that will prohibit banks from charging overdraft fees on ATM and debit card transactions unless a customer allows it.
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- ACORN Says U.S. Funding Cut Was Unconstitutional
ACORN has filed a lawsuit claiming that Congress violated the Constitution when it passed a law cutting off federal funding to the organization.
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- Jobless Claims Fall More Than Expected
New claims for unemployment insurance fall more than expected last week, evidence the job market is slowly healing as the economy recovers.
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- Stocks Open Lower On Employment, Retail Sales
Stocks are drifting lower in early trading as news of an improving job market fails to offset the market's disappointment over sales at Wal-Mart Stores Inc.
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- OPEC: Pricy Crude Could Erode 2010 Demand
OPEC says demand for crude oil will slip in the industrialized nations next year if oil prices climb and are sustained above their current level.
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- Stocks Open Higher As Dollar Continues Slide
Stocks are rising in early trading as investors anticipate interest rates will remain low for some time.
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- JPMorgan Chase To Hire 1,200 Mortgage Officers
JPMorgan Chase says it will hire 1,200 mortgage loan officers by the end of next year, a 60% increase in its sales force.
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- FedEx Projects Busier Busiest Day
The company, based in Memphis, Tenn., forecasts it will ship 13 million packages on Dec. 14, which it expects to be its busiest day this year.
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- Stocks Retreat From 13-Month High
Stocks are drifting lower in early trading as the dollar heads higher.
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- Stocks Jump After G-20 Pledge To Aid Economies
The Dow Jones industrial average is at its highest level in more than a year as a falling dollar boosts prices for commodities including gold and oil.
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- Banks Considering Tighter Terms On Credit Cards
The Federal Reserve says many banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes.
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- Fed: GMAC To Receive More Bailout Money
The Federal Reserve says GMAC is the only one of 19 stress-tested banks that needs more capital to withstand a future downturn.
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- Stocks Open Sharply Higher On Wall Street
Stocks are opening sharply higher on Wall Street after a weekend meeting of world financial leaders raised hopes for the economy.
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- Stocks Post Modest Gains At Close
Stocks ended modestly higher in light trading as investors found some positives for the market in a surprisingly weak jobs report.
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- Gold Prices Soar To $1,100; Other Commodities Fall
Gold is outshining other commodities, soaring to a new high of $1,100 an ounce, as prices for copper, oil and soybeans fall.
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- Stocks Zigzag As Traders Digest Jobs Report
Stocks are fluctuating in a tight range as investors find some positives for the market in a surprisingly weak jobs report.
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- Unemployment Tops 10% For First Time Since '83
The unemployment rate has surpassed 10% for the first time since 1983 — and is likely to go higher.
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- Starbucks Says Store Traffic Up, Customers Spending More
Business is picking up at Starbucks coffee shops, between rising customer traffic and additional money being spent.
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- Stocks Surge On Jobs Data, Cisco Forecast
Stocks ended sharply higher Thursday following a Labor Department report that the number of newly laid-off workers seeking unemployment benefits fell to 512,000 last week.
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- New Jobless Claims Drop To 512K, Lowest Since Jan.
The number of newly laid-off workers filing claims for unemployment benefits falls to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals.
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- Retailers Report Mixed Sales Results For October
The nation's retailers are reporting mixed sales results for October. Shoppers, enticed by cooler weather and holiday discounts, opened their wallets a bit more but were still restrained from splurging on apparel amid tight credit and a weak job market.
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- Stocks Rally At Open After Better Jobs Data
Stocks are climbing in early trading after the government reports a bigger-than-expected drop in workers seeking unemployment benefits.
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