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Nothing Easy About Easing; Why the Fed Will Wait

Top Finance News - Tue, 07/31/2012 - 2:25pm
"It looks to me like the Fed might wait beyond the jobs report and the Jackson Hole meeting before they act," says Andrew Wilkinson of Miller Tabak.

Microsoft Relaunches Hotmail as Social-Friendly Outlook

Top Finance News - Tue, 07/31/2012 - 2:25pm
Microsoft unveiled a revamped, Facebook-friendly version of its free, online email service in an attempt to reverse market share losses to Google's fast-growing Gmail.

PokerStars to Pay $731 Million to Settle With Justice Dept.

Top Finance News - Tue, 07/31/2012 - 2:25pm
PokerStars reached a settlement, part of which will involve it paying $547 million, more than a year after regulators made a bid to close down the card-playing Internet site.

Driller to NY: Stop Local Bans or We'll Sue

Top Finance News - Tue, 07/31/2012 - 2:25pm
A natural gas drilling company is taking a new tack in the industry's fight against local drilling bans: It's threatening to sue if New York regulators don't step in and extinguish the prohibitions.

Time's Up: U.S. Postal Service Has Finally Run Out Of Money

Top Finance News - Tue, 07/31/2012 - 12:30pm
Unless Congress intervenes with a bailout, the Postal Service will default on two big payments in the coming months. And the cash crunch won't ease up thereafter.

Best Buy: Still Looking for a Greater Fool

Top Finance News - Tue, 07/31/2012 - 12:30pm
Best Buy is back in the news as rumors emerged that founder Richard Schulze was recruiting current executives at the company in anticipation of a buyout attempt.

Son of LIBOR: Muni Market Eyes All-American Rate-Rigging Scandal

Top Finance News - Tue, 07/31/2012 - 12:30pm
As the LIBOR scandal continues to encircle global banks, an All-American version of banks manipulating a key lending rate may be unfolding.

Consumers More Confident in the Economy in July

Top Finance News - Tue, 07/31/2012 - 12:30pm
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.

Why Wall Street Remains Anti-Social on Media Stocks

Top Finance News - 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”?

Top Finance News - 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

Top Finance News - 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

Top Finance News - 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

Top Finance News - 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

Top Finance News - 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

Top Finance News - 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?

Top Finance News - 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

Top Finance News - 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

Top Finance News - 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%

Top Finance News - 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

Top Finance News - 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.

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