In what may be an anticlimatic end to a controversy that has hovered over the Vytorin cholesterol pill, an FDA medical reviewer is endorsing the largely positive findings of a study that indicates the drug could be used safetly to treat patients with chronic kidney disease.
Fidelity Magellan has faced some rough waters in the recent past. Can it ever find calmer seas? (MONEY Magazine) — Remember when Fidelity Magellan (FMAGX) was the fund to own? Flash back to the late ’70s and ’80s, when Peter Lynch convinced us that beating the market was as easy ...
Nicolas Tanner/Associated Press A woman cast her ballot at a polling place in Osh, in southern Kyrgyzstan, which has a large population of ethnic Uzbeks. BISHKEK, Kyrgyzstan — The people of this strategically important Central Asian nation voted in a presidential election on Sunday, seeking an end to years of ...
NEW YORK — The wife and son of financial swindler Bernard Madoff said in their first interview to be broadcast on Sunday that they knew nothing of his estimated $65 billion Ponzi scheme, but feel shame for his “unforgivable” crime. Madoff, 73, is serving a 150-year prison sentence after confessing ...
NEW YORK — With the S&P 500 about to end its best month in almost 40 years, many would be happy to cash in gains and start packing for the ski slopes. But some underperforming investors are being cornered into putting yet more money into U.S. stocks. The S&P 500 ...
NEW YORK (CNNMoney) — Workers are landing jobs that pay six-figures in the oil boomtowns of North Dakota. But the abundance of jobs and money comes with some steep trade-offs, including a lack of housing and extremely harsh winters. At 3.5%, North Dakota’s unemployment rate is the lowest in the ...
SHANGHAI — China reshuffled the leadership of three of its financial regulatory agencies on Saturday, one of the first steps in what is expected to be a major leadership change at the top of the Communist Party next year. With a new generation of leaders set to take control of ...
Mark Block, Cain’s campaign manager, undermining public health Herman Cain’s virally-popular web-ad that ends with his campaign manager, Mark Block, taking a deep drag off a cigarette is irresponsible and dangerous. It is not “hilarious” (as Cain said on FoxNews). Rather, by neglecting the consequences of the message conveyed, the ...
NEW YORK (CNNMoney) — Tousled hair, a vial of tiger blood and a hefty dose of attitude is all it takes to score a winning costume this Halloween. Charlie Sheen — a.k.a. “the Rock Star from Mars” — who caused a frenzy following his departure from the sitcom, “Two and ...
Whirlpool announced that it will cut 5,000 jobs in North America and Europe and shut down a factory in Arkansas. NEW YORK (CNNMoney) — Appliance manufacturer Whirlpool Corp. announced Friday that it is cutting 5,000 jobs, mostly in North America and Europe, and closing a refrigerator factory in Arkansas.
Nikos Pilos for The New York Times Hara Kefalidou is a newly elected member of the Greek Parliament. IN her tiny office here, Hara Kefalidou rolled her eyes remembering the days just after her letter was first published in the conservative daily Kathimerini. In that letter, Ms. Kefalidou, a newly ...
NEW YORK — Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials. The world’s biggest appliance maker also on Friday cut its 2011 earnings outlook drastically and reported third-quarter ...
NEW YORK — Stocks closed mixed Friday afternoon as traders scrutinized a plan to contain Europe’s debt crisis that sent the market soaring a day earlier. According to preliminary calculations, the Dow Jones industrial average finished the trading day up 22.03 points, or 0.18 percent to 12,230.58. The Dow surged ...
One of the most perilous developments of recent years has been the rise in the percentage of Americans who pay no income tax. According to the Tax Foundation, 59 million Americans—42 percent of all filers—had zero or even negative income tax liability. Now, a new report from the Joint Committee ...
NEW YORK (CNNMoney) — An increasing number of colleges are charging more than what the average American earns. The number of colleges and universities with tuition and fees totaling more than $50,000 for a single year rose to 123 for the 2011-2012 year — up from 100 institutions in the ...
Meyer at a Connecticut Shake Shack: “The burger is only the starting point.” FORTUNE — Now here’s a cultural oxymoron: Danny Meyer, 53, is one of the great American restaurateurs of his generation; his Union Square Hospitality Group owns three of the Zagat Guide’s top five fine-dining establishments on the ...
BRUSSELS — In the end, it was Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France against the European banking establishment — and the bankers blinked. Georges Gobet/Agence France-Presse — Getty Images Prime Minister George Papandreou of Greece, right, spoke during a news conference with Finance Minister Evangelos ...
