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Updated: 13 hours 21 min ago

Why Wall Street Remains Anti-Social on Media Stocks

Tue, 07/31/2012 - 12:30pm
With Facebook now down 40% from its IPO and other stocks in the space faring even worse, the social media stock craze has ended with a thud.

Is the U.S. “Totally Broke”?

Tue, 07/31/2012 - 12:30pm
Boston University economics professor Larry Kotlikoff describes just how bad America's finances are as a result of trillions of dollars in unfunded entitlement liabilities

Home Prices Rose Again in May

Tue, 07/31/2012 - 10:05am
In a sign that the U.S. housing market is recovering, home prices rose for the second straight month in May, according to an industry report issued Tuesday.

The Best Cities for Successful Aging

Tue, 07/31/2012 - 10:05am
Economic think tank the Milken Institute has released its first-ever "Best Cities for Successful Aging" Index, which ranks the top 100 large metros and top 259 small cities in America based on 78 criteria.

Deutsche Bank to Slash 1,900 Jobs to Save $3.67B

Tue, 07/31/2012 - 10:05am
Deutsche Bank said it will slash 1,900 jobs in an effort to achieve cost savings of about 3 billion euros as part of a broader strategic overhaul.

Electricity Grids Fail Across Half of India

Tue, 07/31/2012 - 10:05am
India's energy crisis cascaded over half the country Tuesday when three of its regional grids collapsed, leaving 620 million people without government-supplied electricity.

Women as Directors Beat Men-Only Boards in Company Stock Return

Tue, 07/31/2012 - 8:45am
Companies with women on their boards performed better in challenging markets than those with all-male boards in a study suggesting that mixing genders may temper risky investment moves and increase return.

Is It Time to Fight the Fed?

Tue, 07/31/2012 - 8:45am
Given that its policy statements have triggered countless pops and drops in the market throughout the years, we find ourselves understandably captivated for another day, waiting on the Fed.

US Steel Income Cut in Half, but Beats View

Tue, 07/31/2012 - 8:45am
United States Steel says its second-quarter net income fell by more than half as slower global economic growth hurt demand in a number of its core markets.

Coach Revenue Misses on Factory Store Slowdown

Tue, 07/31/2012 - 8:45am
Strong sales overseas, particularly in China, gave a lift to Coach's fiscal fourth-quarter net income, but tight-fisted shoppers in North America led to lower-than-expected growth at factory stores.

Deutsche Bank Investment Bank Profit Plunges 63%

Tue, 07/31/2012 - 7:40am
Deutsche Bank saw second-quarter profit plunge at its investment bank, hit by the euro zone debt crisis.

U.S. Housing Recovery Tested as Economy Tempers Optimism

Tue, 07/31/2012 - 7:40am
While orders for new homes are rising at the fastest rate in two years, slowing job growth, tight inventories and a backlog of foreclosures threaten to put the brakes on a comeback.

Obama Urges 'Decisive Action' to Stop Euro From Unraveling

Tue, 07/31/2012 - 7:40am
President Barack Obama told Democratic donors that, while he doesn't think that the Euro will "unravel," European leaders should take "decisive steps" to solve their debt crisis.

Pfizer Beats Forecasts, Helped by Cost Cuts

Tue, 07/31/2012 - 7:40am
Pfizer reported higher-than-expected quarterly earnings, helped by cuts in research spending and other costs, and the company affirmed its 2012 profit forecast.

Facebook Fiasco Drags UBS Profit Lower

Tue, 07/31/2012 - 7:40am
UBS reported a surprise slump in profit, hit by a big trading loss on Facebook's stock market debut and a drop in revenue.

YouTube to Double Down On Its 'Channel' Experiment

Tue, 07/31/2012 - 7:40am
For Google's YouTube it was a $150 million experiment: Seed dozens of new video "channels" on its Web service and see what works.

Euro-Zone June Jobless Rate Steady at Record 11.2%

Tue, 07/31/2012 - 7:40am
The unemployment rate in the 17-nation euro zone stood at 11.2% in June, unchanged May's upwardly-revsed figure.

Drought Strains U.S. Oil Production

Tue, 07/31/2012 - 7:40am
One of the worst droughts in U.S. history is hampering oil production, pitting farmers against oilmen and highlighting just how dependent on water modern U.S. energy development has become.

Chinese Leaders Call for Efforts to Boost Demand

Tue, 07/31/2012 - 7:40am
Chinese leaders have warned that economic growth could slow further and are calling for renewed efforts to boost domestic demand.

Buyouts Top $35 Billion Led by Anheuser-Busch InBev Deal

Tue, 07/31/2012 - 7:40am
A race for a dwindling number of brewing assets in high-growth emerging markets is spurring beer makers to take full control of joint ventures to keep them out of the hands of competitors.

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