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08/19/2008 08:30 PM |
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Wholesale Prices In Fastest Rise Since '81 |
The Labor Department reported that wholesale inflation surged in July, leaving U.S. prices for the past year rising at the fastest pace in 27 years. Housing construction also fell in July to the lowest pace in more than 17 years.
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08/19/2008 01:00 AM |
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Media Faulted For Coverage Of The Economy |
Media coverage of the economic downturn in the U.S. has lagged behind both economic activity and public interest, according to a study being released Monday by a Washington, D.C.-based research group.
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08/19/2008 06:00 AM |
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The Airline With A Success Secret |
With jet fuel prices soaring, U.S. airlines are having trouble staying afloat. But one maverick airline is bucking the trend - and actually making money. Nancy Cordes reports on Southwest's secret of success.
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08/19/2008 01:39 PM |
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Spruce Up Your Home For A Quick Sale |
If you're planning on putting your home on the market, consider fixing it first. Simple cosmetic changes don't cost very much and they can make a real difference to a buyer.
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08/19/2008 01:00 AM |
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With Prices Falling, SoCal Home Sales Up |
Southern California home prices fell 31.1 percent in July from last year, with bargain hunters snapping up foreclosed properties and sending overall sales to a 16-month high, a research firm said.
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08/18/2008 12:30 AM |
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Inside The National Enquirer |
When you think of great investigative journalism, sensational tabloids don't ordinarily spring right to mind. But the John Edwards affair story was broken by The National Enquirer. Kelly Cobiella visits the tabloid . and tells all.
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08/16/2008 07:36 PM |
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Where The Jobs Are -- Even Now! |
Vera Gibbons talked about the industries and regions where work is easier to find, even in this economy.
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08/16/2008 08:30 AM |
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Hershey To Up Candy Prices 11 Percent |
The country's largest candymaker cites the soaring costs of raw materials such as cocoa, sugar and peanuts as the reason for the price increase.
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08/16/2008 07:00 AM |
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Stocks End Mixed On Credit Concerns, Oil |
Wall Street ended a mixed week that saw upbeat sentiment about falling oil prices and lingering concerns over weak credit markets and the economy.
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08/15/2008 04:30 AM |
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FAA Accuses American Of Safety Violations |
The Federal Aviation Administration said it is seeking $7.1 million from American Airlines for continuing to fly airliners after safety problems were reported and for drug-testing violations.
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08/15/2008 07:00 AM |
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Race To Be The Biggest In The Sky |
American Airlines and British Airways are asking for anti-trust immunity, so they can work together to set schedules and fares. And for American Airlines, like many other U.S. carriers, it's do or die, Nancy Cordes reports.
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08/14/2008 08:30 PM |
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Consumer Prices Twice As High As Expected |
U.S. consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
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08/14/2008 11:00 AM |
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Intel PCs Soon To Take Wake-Up Calls |
Intel Corp. is unveiling a way to let computers wake up from their power-saving sleep mode when they receive a phone call over the internet.
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08/14/2008 07:30 PM |
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American Airlines Inks 3-Way Deal |
British Airways PLC, American Airlines and Spain's Iberia SA said they have signed a joint business agreement on flights between North America and Europe.
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08/15/2008 07:00 AM |
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Retail Sales At Weakest Point In 5 Months |
Retail sales fell in July, the weakest performance in five months, as shoppers shunned autos and other big ticket items.
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08/14/2008 11:00 PM |
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Paying College Tabs As Loans Dry Up |
Ray Martin offered advice to help students and their families in the current financial climate, on The Early Show.
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08/14/2008 09:30 AM |
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2 House Republicans Seek Countrywide Probe |
The proposed investigation would look into whether House lawmakers or staffers received preferential treatment from the mortgage lender.
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08/13/2008 11:00 AM |
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Room For Innovation As Shipping Costs Soar |
No one feels the pinch of high fuel prices more than companies that depend on shipping goods. With fuel surcharges rising up higher than 30 percent, companies are looking for new solutions, Nancy Cordes reports.
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08/13/2008 01:03 PM |
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How To Buy Foreclosures, Safely |
Foreclosed houses are everywhere you turn in this market. But while their sticker prices are low, buying one can be a risky endeavor.
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08/13/2008 09:00 AM |
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Best Buy First Independent iPhone Retailer |
U.S. retailer Best Buy is set to become the first chain to sell the iPhone outside of Apple's and AT&T's own stores.
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08/13/2008 08:30 PM |
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U.S. Drivers Hitting The Road Less |
As summer vacation season kicked in, Americans got out of their cars, driving 12.2 billion fewer miles in June than the same month a year earlier.
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08/13/2008 12:30 AM |
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Charting Tech Consumer Confidence |
The new CEA-CNET Consumer Sentiment Indexes are an economic index for researchers, academics, the media and the tech industry to use as an indicator of economic climate and outlook.
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08/12/2008 07:00 PM |
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Most Companies Pay No Federal Income Tax |
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.
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08/12/2008 07:30 PM |
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June Trade Deficit Shrinks As Exports Soar |
The U.S. trade deficit unexpectedly fell in June as exports advanced to an all-time high, offsetting another big surge in oil imports.
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08/11/2008 08:30 PM |
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New Premium Grapes Sold For $910 In Japan |
A new variety of premium grapes debuted in Japan, with a single bunch fetching as much as 100,000 yen, or $910.
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08/11/2008 07:00 AM |
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Paulson Backs Bush On Wall St. Hangover |
Treasury Secretary Henry Paulson says there's a lot of truth to U.S. President George W. Bush's comment that Wall Street "got drunk and now it's got a hangover," and it will aid understanding of the current economic climate.
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08/09/2008 10:00 AM |
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SEC Opens Formal Probe Of Countrywide |
The SEC has escalated its scrutiny of Countrywide Financial Corp. into a formal investigation, according to a regulatory filing by Bank of America Corp.
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08/07/2008 11:00 PM |
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Citigroup Returning Billions To Investors |
Citigroup Inc. will buy back more than $7 billion in auction-rate securities and pay $100 million in fines as part of settlements with federal and state regulators announced.
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08/09/2008 08:00 AM |
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Whole Foods Recalls Possibly Tainted Beef |
Worries over a possible E. coli bacteria contamination have prompted Whole Foods to recall beef sold between June 2 and August 6.
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08/07/2008 10:30 PM |
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Lexus Tops J.D. Power Dependability Survey |
Lexus once again stands alone atop a closely watched ranking of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J.D. Power and Associates said.
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08/07/2008 07:30 PM |
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Key Jobless Figure Hits 6-Year High |
The number of newly laid off people signing up for jobless benefits climbed to its highest point in more than six years as companies cut back given the faltering economy.
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08/08/2008 11:28 AM |
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Decoding The Latest Business Buzzwords |
Buzzwords have always been a part of the business lexicon. But just like street slang, the language of business changes.
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08/07/2008 09:00 AM |
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Google Launches Music Service In China |
Google's free music search service in China allows users to access music legally online.
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08/07/2008 12:30 AM |
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"Bus Rage" Ads Scrapped After Beheading |
Greyhound has scrapped an ad campaign that extolled the relaxing upside of bus travel after one of its passengers was accused of beheading and cannibalizing another traveler.
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08/06/2008 03:00 AM |
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Wall Street Surges After Fed Decision |
An already rallying Wall Street extended its advance after the Federal Reserve left interest rates unchanged and assuaged some of the market's fears about the economy.
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08/06/2008 11:30 PM |
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Brewer Can Use "Try Legal Weed" Bottle Cap |
A Northern California brewer who tangled with federal regulators over the caps on his beer bottles said officials have given him permission to keep the message "Try Legal Weed."
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08/06/2008 04:00 AM |
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Morgan Stanley To Help With Mortgage Mess |
The Treasury Department hired investment firm Morgan Stanley to help the government assess the risks faced by mortgage giants Fannie Mae and Freddie Mac.
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08/06/2008 01:00 AM |
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Fed Leaves Key Interest Rate Unchanged |
The Federal Reserve, confronted with the perils of a slumping U.S. economy and rising inflation, has decided for a second straight meeting to leave interest rates unchanged.
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08/06/2008 08:00 AM |
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Oil Prices Keep Dropping On Demand Worries |
Oil prices fell $2.18 a barrel on expectations the economic downturn in the U.S. will erode consumer demand for crude products. The U.S. dollar's gains against the euro also contributed to lower oil futures' prices.
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08/05/2008 09:30 PM |
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Starbucks Expands Half-Price Drink Deal |
With foot traffic dropping, the coffee chain has announced it is expanding its discount for repeat visitors nationwide, offering half-price iced drinks in the late afternoon to those who show a receipt for a morning visit.
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08/05/2008 06:00 AM |
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Want A Pillow? JetBlue To Charge $7 |
JetBlue Airways Corp. said it will begin charging customers for pillows and blankets by offering an "eco-friendly" travel blanket and pillow that can be purchased for $7 on flights longer than two hours.
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08/05/2008 12:30 AM |
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Car Leases Will Be Harder To Get, Costlier |
Just when motorists were starting to adjust to exorbitant gas prices, they face the prospect of much higher costs, fewer choices and a dearth of financing options if they want to lease their next car.
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08/04/2008 10:00 PM |
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Adjusted Consumer Spending Dropped In June |
U.S. consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.
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08/02/2008 06:30 AM |
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Yahoo Board Unscathed After Annual Meeting |
Yahoo's board emerged unscathed from the company's annual meeting, despite expectations of shareholder dissatisfaction.
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08/02/2008 07:30 AM |
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First Priority Latest Bank Casualty |
The FDIC took control of First Priority Bank in Bradenton, Fla. SunTrusts Banks Inc. will assume the bank's deposits.
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08/01/2008 05:08 PM |
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GM's Bottom Line Continues To Stall |
General Motors says its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.
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08/01/2008 08:30 PM |
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U.S. Jobless Rate Rises To 4-Year High |
The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.
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08/02/2008 02:00 AM |
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Vehicle Leasing On Way To Rearview Mirror? |
Financial journalist contributor Vera Gibbons laid out what that could mean for consumers, on The Early Show.
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08/01/2008 10:30 AM |
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Retirement Age Stars In Soc. Sec. Debate |
A prominent group of actuaries says raising the retirement age will be necessary to save social security in an age where people are living longer.
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07/31/2008 08:30 PM |
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Exxon Strikes Record-Setting $11B Profit |
Exxon Mobil reported second-quarter earnings of $11.68 billion, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations and shares fell in premarket trading.
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07/31/2008 08:00 PM |
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Tax Rebates Gave Economy Slight 2Q Boost |
Economic growth picked up in the second quarter as tax rebates energized U.S. consumers. The rebound followed a treacherous patch where the economy jolted into reverse at the end of 2007.
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07/31/2008 06:30 PM |
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GM To Cut 5,000 Jobs In U.S., Canada |
Automaker General Motors announced plans to cut 15 percent of its salaried workforce in the U.S. and Canada by Nov. 1. The move is part of a plan to slash billions of dollars in costs as sales slump.
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07/31/2008 11:30 PM |
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Philadelphia Fighting Foreclosures Head-On |
The city is forbidding the sale of foreclosed homes, and forcing lenders and homeowners to seek compromise, reports Priya David.
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07/31/2008 04:00 AM |
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Financial Sector Leads Stock Market Surge |
Wall Street, buoyed by a late rally in financial stocks and optimism about private sector jobs, soared for the second straight day.
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07/31/2008 03:00 AM |
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Starbucks Posts 3rd Quarter Loss |
Starbucks says costs related to its closure of 600 underperforming stores led it to post a loss in its fiscal third quarter.
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07/31/2008 12:30 AM |
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Delta Raising Fees For Extra Baggage |
The nation's third-largest carrier will double its charge for checking a second bag on a domestic flight as part of a set of fee increases to help offset the high cost of fuel.
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07/30/2008 07:00 PM |
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Bush Inks Massive Mortgage Relief Bill |
President Bush signed a massive housing bill intended to provide mortgage relief for 400,000 struggling U.S. homeowners and to stabilize financial markets.
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07/30/2008 05:00 AM |
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Stocks Soar After Drop In Oil Prices |
Wall Street shot higher, gaining back the previous session's sharp losses and then some, after a drop in oil prices and a rise in consumer confidence. The Dow Jones industrial average rose 266 points.
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07/30/2008 09:00 AM |
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Court Ruling Slams Cell Phone Fees |
A California judge ruled that fees charged to customers for breaking service contracts likely violate state laws.
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07/31/2008 09:30 PM |
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New Scrabble Version On Facebook |
The popular Scrabble knockoff is back on Facebook with some changes that could help it avoid the copyright problems that have bedeviled it on the social networking site.
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07/30/2008 02:18 PM |
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3 Ways To Advertise Your Web Site |
If you're an entrepreneur just starting out, your Web site is your No. 1 marketing tool.
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07/30/2008 12:00 AM |
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Bennigan's Goes Bust, Steak & Ale Too |
Restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7 bankruptcy protection and will shut their doors.
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07/29/2008 10:30 PM |
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Home Prices Plummet At Record Rate |
Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released, as the housing slump deepened nationwide. The Conference Board says consumer confidence picked up a bit this month.
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07/29/2008 11:00 PM |
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Satellite Radio Merger Finally Complete |
XM Satellite Radio and Sirius Satellite Radio said they have completed their long-pending merger.
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07/29/2008 09:30 PM |
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Eye-Catching Ads Promote Junk Food To Kids |
Children are confronted with such a barrage of advertising for unhealthy food and drink that the entertainment industry should take steps to tie popular TV and movie characters to more nutritional products, the Federal Trade Commission says.
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07/29/2008 02:00 AM |
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Feds OK New Way To Bolster Mortgage Market |
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The Bush administration and federal banking regulators joined with the nation's four largest banks to endorse a new way to pump money into the battered U.S. mortgage market.
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