Lawmakers looking for sacrifices could wind up hurting one of the few industries that’s hiring. FORTUNE — As Congress looks for things to cut, it’s worth noting that green jobs are one of the few bright spots in otherwise dim economic news. The solar industry employed an estimated 93,000 workers ...
MOSCOW — Exxon Mobil won a coveted prize in the global petroleum industry Tuesday with an agreement to explore for oil in a Russian portion of the Arctic Ocean that is being opened for drilling even as Alaskan waters remain mostly off limits. The agreement seemed to supersede a similar ...
NEW YORK — Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter. Bank of America shares fell more ...
Minutes of the Aug. 9 policy meeting released Tuesday show that Fed officials discussed a range of actions, including another round of Treasury bond purchases. Some Fed officials said a weaker economy called for such a step. Fed officials in the end said they planned to keep rates low until ...
Image by hanspoldoja via Flickr An interesting article in today’s WSJ discusses how patients with an exceptionally rare disease – in this case, spontaneous coronary artery dissection (SCAD) – used social networks to find each other, to organize, and ultimately to drive research efforts into this otherwise obscure condition.
FORTUNE — Given the wrenching market volatility in recent weeks, the idea of shielding your portfolio from a big decline while still being able to profit from future gains sounds mighty appealing. That’s the promise of the so-called structured note, a product that’s been popular with institutional investors for years. ...
Click chart for more on Sino-Forest’s stock. NEW YORK (CNNMoney) — The news keeps getting worse for Sino-Forest’s shareholders. Standard & Poor’s and Moody’s both downgraded the company’s rating further into junk territory Monday morning, and S&P completely withdrew its rating on Sino-Forest shortly after announcing the downgrade.
LONDON — Television footage of the only man convicted in the Lockerbie bombing lying in bed, purportedly comatose with advanced prostate cancer at his Tripoli home, has provided a focal point for a question asked with new urgency in places far from Libya: With Col. Muammar el-Qaddafi’s government in ruins, ...
Hurricane Irene didn’t turn out to be the $15 billion disaster experts predicted, but it’s still a financial headache for home and business owners along the Eastern Seaboard. Catastrophe analysis firm Kinetic Analysis Corp. offered an initial damage estimate of $7 billion, with the possibility of an extra ...
NEW YORK — U.S. stocks rose broadly Monday, led by insurance companies, after it became clear that Tropical Storm Irene caused far less damage than many had feared. The Dow Jones industrial average jumped 254 points. Trading volume, or the number of shares bought and sold, was the lowest ...
Karen King wasn’t happy when her hours and pay were cut by 25%, but now she’s happy she has time to volunteer at her son Aidan’s school. NEW YORK (CNNMoney) — Unemployment remains a huge concern, but the underemployment problem isn’t as bad as it used to be.
Editor’s note: Every week, Fortune.com publishes a favorite story from our magazine archives. Today we turn to banking giant Bank of America, which this week saw a much-need vote of confidence from billionaire investor Warren Buffett. Buffett’s Berkshire Hathaway is swooping in to reassure markets once again by investing $5 ...
FILETTINO, Italy — When the Italian government announced in mid-August that it would force towns with fewer than 1,000 residents to merge with their neighbors as part of an emergency cost-cutting budget, there were strident protests across the country. Evoking the history of Italy, a nation forged from countless city-states ...
SACRAMENTO, Calif. — Restaurant owner Gary Honeycutt says a push in California’s state Legislature to ban the plastic foam containers he uses to serve up takeout meals could cost him thousands of dollars in an industry where profit margins already are razor thin. BJ’s Kountry Kitchen, in the heart of ...
NEW YORK — The opening bell at the New York Stock Exchange is set to ring on time Monday. Operators of the historic Big Board and other major U.S. exchanges said they plan to open for trading as usual. The announcements came after city officials said damage from Tropical ...
Less than six months after the British government announced tighter restrictions on student visas, at least one university has said it is being forced to close one of its campuses as a result of the new regulations. Schiller International University, which is based in Florida and has four other international ...
Pfizer announced that the Food and Drug Administration has approved Xalkori, generically known as crizotinib, a new medicine that can have a dramatic impact in a small minority of lung cancer patients. The drug will come with a high financial cost to society.
