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Latest financial news - CNNMoney.com

Latest financial news - CNNMoney.com

From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

03/10/2010 09:04 PM
Oil falls ahead of supply report
Oil prices fell Wednesday, ahead of a closely-watched report on oil supplies from the Energy Information Administration.
03/10/2010 08:51 PM
Fewer states report jobless rate increases
A total of 30 states and Washington, D.C., reported rising unemployment rates in January, down from the number in the previous month, according to a government report released Wednesday.
03/10/2010 08:56 PM
CEO departures highest since Sept. 2008
The number of chief executives who left their posts surged in February to the highest level since September 2008, when the economy was rocked by the financial crisis.
03/10/2010 08:24 PM
Dollar seesaws
The dollar was mixed against major currencies Wednesday, rising against the yen and pound but giving up gains versus the euro.
03/10/2010 09:06 PM
Stocks led higher by bank, tech shares
Stocks rose Wednesday as strength in the financial services and technology sectors outweighed a pair of mixed economic reports.
03/10/2010 07:54 PM
Forget Toyota. Chrysler's got the most problems.
The car company that is off to the worst start of 2010 isn't Toyota. It's Chrysler Group.
03/10/2010 07:43 PM
The wrong way to pick funds
Photographer friends tell me that if you're picking out a point-and-shoot camera you shouldn't focus much on the megapixels. That measure of a camera's resolution is hyped by manufacturers, but most cameras on the market give you all the pixels you'll need.
03/10/2010 07:08 PM
BofA to scrap overdraft fees on debit purchases
Bank of America said Wednesday that it plans to ditch overdraft fees on debit card purchases this summer.
03/10/2010 05:53 PM
Stocks leaning toward gains
U.S. stocks were set for a slightly higher open Wednesday as investors awaited the first major economic readings of the week.
03/10/2010 03:17 PM
Firing the $70 billion man
On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.
03/10/2010 08:40 PM
Firing the $70 billion man: Full version
On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross.
03/10/2010 02:45 PM
Ford shares: Buy or sell?
Ford is back. The automaker recently reported its first annual profit in four years; sales are improving; and investors have pushed up its stock 550% in the past year.
03/10/2010 02:30 PM
Green homes face a red light
Lots of people, especially those trying to battle high utility bills, believe in energy-efficient homebuilding.
03/10/2010 03:31 AM
LifeLock settles with FTC for $12 million
Federal regulators said Tuesday that LifeLock has agreed to pay $12 million to settle charges the company made deceptive claims about its ability to protect customers from identity theft.
03/10/2010 02:37 AM
Budget squeeze sours jobs picture
Another big employer is hanging out the "Not Hiring" sign.
03/10/2010 02:21 AM
Cash for Clunkers: Better than we thought
The government's Cash for Clunkers program resulted in a far bigger boost to car sales than was previously estimated, even by the government, according to a new analysis by Maritz Research, an automotive market research company.
03/10/2010 02:35 AM
Some execs get 'pity' bonus
Maybe you missed your earnings target last year or your stock was crushed. But if you're a corporate executive, that might not necessarily prohibit you from earning a generous bonus.
03/10/2010 02:03 AM
Fears of a Greek bank run
In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out only $250 at a time and limited withdrawals for overseas trips to $1,000.
03/10/2010 12:23 AM
Cult soda maker Jones agrees to sharply discounted takeover
Jones Soda, the struggling maker of cult-favorite soft drinks, has agreed to be acquired by rival Reed's at a deep discount in a deal worth just shy of $10 million, the companies said Tuesday.
03/10/2010 03:48 AM
House eyes last-minute tax break for Chile donations
Taxpayers may still be able to deduct last-minute donations to Chile earthquake relief from their 2009 taxes, if a bipartisan bill introduced in the House on Tuesday is signed into law.