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SEC charges billionaire brothers with fraud
Fri, 30 Jul 2010 10:13:51 EDT
Two billionaire brothers face federal fraud charges for selling stock in companies which they helped oversee and then trying to conceal some $550 million in gains.
Pay gap persists for African-Americans
Fri, 30 Jul 2010 09:53:50 EDT
African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau.
Treasurys rise on weaker GDP
Fri, 30 Jul 2010 17:04:05 EDT
A weaker-than-expected government report on the economy sent investors flocking back into Treasurys Friday, pushing the prices up on U.S. debt and driving yields down.
Consumers not spending like drunken sailors
Fri, 30 Jul 2010 12:34:32 EDT
The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.
Face Off: Test-driving Gillette's new razor
Fri, 30 Jul 2010 15:21:37 EDT
General Motors' legendary CEO Alfred P. Sloan invented the annual styling change when he ordered a new body for the 1923 Chevrolet to cover up the car's nine-year-old technology. The new design made the old model feel out-of-date and was the first step in GM's drive to pass Ford Motor and its unchanging Model T to become the largest automobile company in the world.
Why a flounder gigger's suit against BP is one to watch
Fri, 30 Jul 2010 10:18:03 EDT
Although it's probably not BP's top priority at the moment, an ominous lawsuit was filed against it last month in state court in Mobile, Alabama, by a man named Obie F. Carlisle.
Stocks: Best monthly gain in a year
Fri, 30 Jul 2010 18:11:01 EDT
Despite a mixed performance on Friday, stocks booked the best monthly gain in a year, with the Dow Jones industrial average and S&P 500 both rising nearly 7% in July.
GM to boost Chevy Volt production
Fri, 30 Jul 2010 14:46:56 EDT
General Motors announced Friday that the automaker has raised its planned production of the Chevrolet Volt electric car to 45,000 in 2012.
U.S. recovery sputters
Fri, 30 Jul 2010 12:35:04 EDT
The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth - or even another recession - in the months ahead.
Bulls tiptoe into homebuilder stocks
Fri, 30 Jul 2010 14:16:31 EDT
It takes a lot of courage to be a bull on homebuilder stocks these days. They exist, for sure. And they aren't on mind-bending drugs. In fact, they see the world much as the housing stock bears do. You won't find any uplifting messages in their reports on the economy and housing.
China says it tops Japan as No. 2 economy
Fri, 30 Jul 2010 16:49:37 EDT
China has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.
Why spend $300 a night for a hotel?
Fri, 30 Jul 2010 11:07:50 EDT
Book a hotel in a popular destination and you know what to expect: a bed, a mini-fridge, and a big bill at checkout. In Europe's big cities, for example, you can easily spend anywhere from $150 to $300 a night (hotels in Florence average $205).
Northwest to pay $38 million cargo price-fixing fine
Fri, 30 Jul 2010 15:47:54 EDT
Northwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday.
How Amway weathered the storm, one sale at a time
Fri, 30 Jul 2010 09:10:47 EDT
Don't be fooled into thinking that direct sales are a thing of the past just because you haven't seen a pink Mary Kay Cadillac in a while. Amway is not only still alive and well, it's actually growing, even as many retailers continue to struggle.
Recovery spin wars: White House vs. business
Fri, 30 Jul 2010 12:36:41 EDT
The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."
BP's Hayward: 'I became a villain for doing the right thing'
Fri, 30 Jul 2010 07:58:23 EDT
Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.
SEC vs. the media, round two
Fri, 30 Jul 2010 18:58:28 EDT
The Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday.
Let's fund every entrepreneur
Fri, 30 Jul 2010 12:10:27 EDT
There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now.
Stocks headed for early selloff
Fri, 30 Jul 2010 09:50:08 EDT
U.S. stocks were headed toward an early selloff Friday, following a weaker-than-expected reading on second-quarter economic growth.
Worst job on Earth: BP calling all applicants
Fri, 30 Jul 2010 17:05:41 EDT
It could quite possibly be called the worst job on Earth -- and the position is open.
