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Greek Deficit Is Worse Than Expected, Debt Downgraded
Filed under: Economy, InvestingJust when it seemed like the financial crisis in Greece couldn't get any worse, it did. Eurostat, the Luxembourg-based statistical agency for the European Union, revised...
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Microsoft Earnings Jump 35%, Topping Estimates
Filed under: Company News, Microsoft, EarningsMicrosoft (MSFT), the world's largest software company, said Thursday its fiscal third-quarter net income shot up 35% from last year, buoyed by the most...
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Why Hulu's Plans to Cut Off Freeloaders Is a Bad Idea
Filed under: Media, General Electric, Walt DisneyThe thing about Hulu is that the online video service always seemed a little too good to be true. (Really, it is possible to watch "Ishtar" in its...
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Worried About a Double Dip in Housing? It May Be Here Already
Filed under: Real Estate, EconomyWhile many home sellers fret over the possibility of a double dip in the real estate market, at least one economist thinks there's no sense in worrying -- it's too...
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'Avatar' DVD Sales Are Out of This World: Is It the Last Hurrah for Discs?
Filed under: Media, Netflix, Walt Disney, Entertainment IndustryHollywood has been sitting a death-bed vigil for DVDs for a long time now. Once a ridiculously high-margin, fat-profit business, sales of...
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It's the Great Sale, Charlie Brown: Iconix Buys 'Peanuts' Licensing
Filed under: Company News, Media It sure looks like a sweet deal: E.W. Scripps (SSP), owner of the beloved Peanuts brand, is selling United Media Licensing to brand management company Iconix (ICON) and...
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After Tornado, Victims Fear Insurers Will Spin Them
Filed under: InsuranceAs the nation's insurance adjusters descend on Mississippi and Alabama to assess the damage of last weekend's deadly tornado, one question that worries its victims is whether...
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Boycotts Over Immigration Law Could Hurt Arizona's Shaky Economy
Filed under: EconomyThere aren't a lot of people outside of Arizona who seem to support what is likely the nation's toughest immigration law. The outrage over the legislation, which allows state police...
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Foreclosure Rates Rise in Most Cities
Filed under: Real Estate, Foreclosure, Economy Less than a month after President Barack Obama announced plans to revamp the federal mortgage assistance program, foreclosure rates in some of the...
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Rights to Old Comic Strip Characters Worth Millions
Anyone under the age of nine who is familiar with Charlie Brown probably wasn't introduced to the mopey character in the newspaper. More than likely, he or she has watched Charlie Brown TV specials or...
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How Much Will BP Have to Pay for the Oil Spill?
Filed under: Oil & Gas IndustryIf history has taught oil companies anything, it's that cleaning up a major spill doesn't really have to cost much. Sure, there are legal fees to pay, clean up costs...
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Gas Prices Creep Up After the Spill, Despite Weak Demand
Filed under: Energy, Oil & Gas Industry, EconomyIt's not clear if BP's massive oil spill in the Gulf of Mexico is the reason for rising costs at the pump, but the average price of regular gasoline...
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In Spite of Oil Spill, Wall Street Still Likes Halliburton
Filed under: Energy, Company News, Oil & Gas IndustryOilfield services company Halliburton (HAL) has garnered plenty of unwanted attention from the event in the Gulf of Mexico. While the company's...
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Senate Set to Begin Voting on Financial Reform Bill
Filed under: EconomyThe financial reform bill is the most hotly contested piece of legislation since the health care reform bill, and it goes to the floor of the Senate on Tuesday afternoon, when...
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If You Can Forget About the Spill, BP Could Be a Buy
Filed under: Energy, Stock Picks, Oil & Gas IndustryAs British energy company BP (BP) struggles with one of the worst ecological, financial and PR challenges in recent history, its shares have been...
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Pretty Picture for Art Sales as a Picasso Fetches a Record Price
Filed under: EconomyThere's no shortage of cash flowing into the art market these days. That so-called bubble that burst a couple years ago? Not much evidence of the bust now. Multiple new price peaks...
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U.S. Sperm Bank Donations Rise in Recession
Filed under: Health Care, EconomyWith college tuition and fees up more than 440% over the past 25 years, according to the Center for Public Policy and Higher Education, it's not surprising that...
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Freddie Mac Sees Home Prices Sliding and Asks for More Cash
Filed under: Real Estate, Financial Services, EconomyFreddie Mac (FRE) doesn't expect a housing recovery any time soon. In fact, the government-backed mortgage-finance giant thinks home prices will...
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Senators Push for a Cap of 50 Cents on ATM Fees
Filed under: JP Morgan Chase, Bank of America, Citigroup, Wells FargoBanks probably make a tidy profit off ATM fees -- which can range anywhere from $1 to $7 -- but a proposed amendment to the...
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Oil Prices Fall Before, During and After May 6 Market Panic
Filed under: Energy, Economy, Investing It's been quite a week for oil investors. The price of crude oil fell 11% between Monday and Thursday, down from an 18-month high on Monday. The situation was...
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