U.S. stocks had a big January, and they’re starting February strong, too. Stocks climbed Wednesday after strong manufacturing data and encouraging reports about the Greek debt crisis. Factories raised output in January by the most in seven months, according to the Institute for Supply Management’s manufacturing index. And the Commerce ...
Last Updated : January 31, 2012 14:57 The US Dollar Index (DX) strengthened around 0.4 percent on Monday, on the back of weak sentiments in the global markets which boosted demand for the low-yielding dollar. Decline in the Euro due to rising concerns over Euro Zone debt crisis also acted ...
The drug maker Pfizer said Wednesday that it was recalling packets of birth control pills because some had been packaged incorrectly, potentially causing women to take an inadequate dose and possibly become pregnant. The recall involves about a million packets, although only about 30 may actually have been affected, the ...
Rep. Charles Boustany (R., La.). Image by Gage Skidmore via Flickr Today, the U.S. House of Representatives will vote on H.R. 1173, the Fiscal Responsibility and Retirement Security Act of 2011, sponsored by Rep. Charles Boustany (R., La.). This two-page bill would repeal the fiscal disaster known as the CLASS ...
FORTUNE — Between slumping prices and low mortgage rates, it’s a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren’t exactly in a position to take advantage of the opportunity. That’s where their parents come in: One in three ...
Click the chart to track J.C. Penney’s stock NEW YORK (CNNMoney) — J.C. Penney’s ambitious plan to turn around its business and make its brand hip and cool is in high gear, but whether the 110-year-old company’s stock will keep up the pace is another question. On Wednesday, the company ...
LONDON — He is a 29-year-old air force pilot assigned to a six-week mission flying an air-sea rescue helicopter, and his commanders have insisted that his is a “normal operational deployment” and have asked local people and the news media to pay him no special attention. But anonymity seems likely ...
NEW YORK (CNNMoney) — Which is the better gig: The federal government or the private sector? It depends in part on education levels, according to a report put out Monday by the Congressional Budget Office. Federal workers with a master’s degree or less are better compensated on average than their ...
FORTUNE — When Apple announced its latest quarterly earnings last week, the most amazing thing wasn’t that it once again blew away Wall Street’s expectations. This company is on a roll of unprecedented proportions, and it’s almost assumed that it will exceed expectations — the only question is by how ...
PARIS — In 1965, Marcel Barbu, a jeweler and philanthropist, ran for the French presidency as “the candidate of battered dogs.” In 2002, Pierre Rabhi, a farmer and philosopher of Algerian descent, built himself as the candidate of “peaceful insurrection.” Coluche, a well-known comedian, called for “the lazy, the filthy, ...
More than 40 years after the federal government enacted fair-housing legislation and the Great Migration of blacks from the South began to ebb, residential segregation in metropolitan America has been significantly curtailed, according to a study released Monday. The study of census data from thousands of neighborhoods by two economics ...
The Facebook logo is displayed outside of Facebook’s new headquarters in Menlo Park, Calif. The buzz over Facebook’s forthcoming IPO has been propelled at least in partby retail investors hoping for a piece of the social media giant’s predicted $75 billion to $100 billion valuation.
NEW YORK — Stocks and the euro slid on Monday as a spike in Portuguese bond yields and the still-unresolved Greek debt talks raised investors’ fears that the already-fragile European and global economies face greater risks. A rise in the yield on Portuguese government bonds to more than 17 percent, ...
For investors who crave dividends, ETFs boast advantages: They provide diversified portfolios and rock-bottom costs (as low as 0.18%), and most use screens to avoid weak companies whose yields are high because their stock is collapsing. “Everyone is looking for yield, and the great thing with ETFs is that you’ve ...
Analysts say Obama has truly embraced an ‘all-of-the-above’ strategy, and the consumers will be the ultimate winner. NEW YORK (CNNMoney) — President Obama’s half dozen energy proposals will, by and large, benefit nearly all players in the energy space and result in lower prices for consumers, analysts say.
PARIS — President Nicolas Sarkozy, insisting that he was acting as a head of state — not a presidential candidate — announced Sunday that he would raise consumer taxes to make French companies more competitive and reduce the national budget deficit. He said he would increase the basic consumption tax ...
NEW YORK — January has turned out strong for equities with just two trading days to go. If you’re afraid to miss the ride, there’s still time to jump in. You just might want to wear a neck brace. The new year lured buyers into growth-related sectors, the ones that ...
