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Fed predicts economy will get worse
The U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve.
Alcoa to cut global workforce by 13%
Aluminum producer Alcoa Inc. said Tuesday it will slash its global workforce by 13%, or 13,500 jobs, by the end of the year as a way to remain competitive during the global economic recession.
Stocks recharge rally
Stocks rallied Tuesday as investors looked beyond the Federal Reserve's dour outlook on the economy and instead scooped up shares hit in last year's big selloff.
Autos: 2008 winners and losers
In a disastrous year for auto sales here's who came out on top and who got thrown under the wheels.
Wilbur Ross: I will buy a bank
Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank.
Millionaires? More like $700,000-aires
While it may be hard to feel sympathy for America's millionaires, they're feeling the economic crunch, too - nearly a third of their assets have disappeared in the downturn, according to a consulting firm's report released Tuesday.
Apple changes iTunes pricing
Apple unveiled a change in the pricing structure for its iTunes music downloads Tuesday, ending the 99- cents-a-song pricing that has helped iTunes dominate the industry.
Why Wall Street could go to jail
Corporate officers were making reassuring statements about financial prospects just days before Armageddon hit their companies -- and investors' portfolios. Here's some prominent cases.
The best investor of 2008 is buying...
We all know that 2008 was a horrific year for the stock market. But to really put into perspective how terrible it was, get a load of this. Only one mutual fund that focuses on buying U.S. stocks made money in 2008. One!
$99 gadget tracks every calorie you burn
After falling in love with the Nintendo Wii's physically demanding sports games, serial entrepreneur James Park, 32, started to ponder other ways to combine video games and fitness. The result: a $99 lipstick-size gadget that clips on to your clothes and uses a motion sensor to track everything from steps taken to sleep patterns and calories burned.
The U.S. economy is likely to deteriorate further this year and unemployment will rise into 2010, according to the latest forecasts from the staff of the Federal Reserve.
Alcoa to cut global workforce by 13%
Aluminum producer Alcoa Inc. said Tuesday it will slash its global workforce by 13%, or 13,500 jobs, by the end of the year as a way to remain competitive during the global economic recession.
Stocks recharge rally
Stocks rallied Tuesday as investors looked beyond the Federal Reserve's dour outlook on the economy and instead scooped up shares hit in last year's big selloff.
Autos: 2008 winners and losers
In a disastrous year for auto sales here's who came out on top and who got thrown under the wheels.
Wilbur Ross: I will buy a bank
Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank.
Millionaires? More like $700,000-aires
While it may be hard to feel sympathy for America's millionaires, they're feeling the economic crunch, too - nearly a third of their assets have disappeared in the downturn, according to a consulting firm's report released Tuesday.
Apple changes iTunes pricing
Apple unveiled a change in the pricing structure for its iTunes music downloads Tuesday, ending the 99- cents-a-song pricing that has helped iTunes dominate the industry.
Why Wall Street could go to jail
Corporate officers were making reassuring statements about financial prospects just days before Armageddon hit their companies -- and investors' portfolios. Here's some prominent cases.
The best investor of 2008 is buying...
We all know that 2008 was a horrific year for the stock market. But to really put into perspective how terrible it was, get a load of this. Only one mutual fund that focuses on buying U.S. stocks made money in 2008. One!
$99 gadget tracks every calorie you burn
After falling in love with the Nintendo Wii's physically demanding sports games, serial entrepreneur James Park, 32, started to ponder other ways to combine video games and fitness. The result: a $99 lipstick-size gadget that clips on to your clothes and uses a motion sensor to track everything from steps taken to sleep patterns and calories burned.