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Bernard Madoff lawsuits end with $210M settlementBernard Madoff victims will get $210 million in a settlement reached by the bank BNY Mellon. The settlement is expected to mark the end of lawsuits stemming from the Bernard Madoff scandal and return nearly all of the original investments to those who were defrauded.聽
Stocks barely move as fiscal threat loomsTrading was light Monday as stocks closed without much change. Investors' anxiety about the approaching fiscal cliff held stocks in place.
Hostess Brands strike puts Twinkies maker in jeopardyHostess Brands factory workers nationwide are on strike, protesting a contract that would cut wages and drastically reduce benefits. Hostess Brands聽warned in a statement last week that a widespread strike would prompt the company to liquidate and lay off the bulk of its workforce.聽
Fearing 'cliff,' investors finish brutal weekWall Street finished one of the worst weeks of the year Friday, pushing Washington to work out a deal to avoid the tax increases and government spending cuts.
Stocks slide on Wall Street, extending sell-offThe potential for gridlock in Washington sent stocks spiraling downward for a second day straight Thursday.聽The Dow closed down 121 points, or nearly 1 percent.
McDonald's sales drop for the first time in 9 yearsMcDonald's sales at restaurants open at least 13 months fell 1.8 percent, its first drop since 2003. McDonald's has seen sales slow recently amid intensifying competition and a persistently weak economy.聽
Lady Gaga donates $1 million to Sandy reliefLady Gaga donates $1 million to the Red Cross to aid those affected by Superstorm Sandy, the pop star posted on her blog. Born and raised in New York, Lady Gaga donates the $1 million on behalf of her mother and sister.聽
Dow loses 313 in post-election sell-offStocks plummeted during Wall Street's first day of trading after President Obama's reelection. Stocks also spiraled downward in the days聽after Obama's first victory.
Kraft Foods profits rise after recent splitKraft Foods' 聽net income rose 13 percent in the company's fist earnings report following a recent split from its snack division. Kraft Foods is looking to redefine itself following the loss of glamorous brands including Oreo, Cadbury, and Nabisco.聽
Stocks rise as investors wait for a winnerStocks climbed Tuesday as investors remained 'on pins and needles' for the results of the US presidential election. A jump in crude prices helped lift stocks in petroleum refiners.
Gold prices rise ahead of presidential electionGold prices rose slightly ahead of the US presidential election Monday, gaining $8 to finish at $1683.20 per ounce. Investors are cautious until the race is decided, but low gold prices drew buyers looking for bargains.
Stocks edge up ahead of electionStocks managed slight gains in thin trading as President Obama and Republican presidential nominee Mitt Romney made final efforts to woo voters.聽Just 2.9 billion shares were traded on the New York聽Stock聽Exchange, Monday, well below the recent average.聽.jpg?alias=standard_600x400)
Humana profit down, but still beats estimatesHumana earnings hit $426 million in third quarter, down from $445 million a year. But Humana raises earnings guidance for the year, due in part to rising enrollment in its Medicare drug plans.聽
Gas prices' big fall: sharpest drop in almost 4 yearsGas prices' big fall nationwide was the sharpest since 2008. Gas prices averaged $3.54 per gallon, taking a big fall down 20 cents from two weeks ago.聽
Netflix uses 'poison pill' to prevent hostile takeoverNetflix is making moves to prevent a hostile takeover from billionaire Carl Icahn, who disclosed a nearly 10 percent stake in the company. Netflix adopted a poison pill defense, aimed at preventing an outsider without board approval from acquiring too large a stake in Netflix.
HSBC money laundering fines could top $1.5BHSBC has set aside an additional $1.5 billion to cover US money laundering fines. Europe's biggest bank, HSBC is under fire for failing to stop money laundering in its Mexican unit.聽
Patents suit filed against Microsoft's Windows 8Patents suit involves Windows 8 use of tiles. SurfCast claims it developed dynamic tiles used by Windows 8. Microsoft, a veteran of patents suit, says it can prove the claims are without merit.
Stocks waterlogged by Sandy's mounting costsA solid October jobs report could not keep US stocks from falling Friday.聽Consumer discretionary聽stocks聽had the narrowest loss.
Mortgage rates slip back toward record lowsMortgage rates edge down this week to 3.39 percent for a 30-year loan. As mortgage rates have fallen this year to record lows, home sales and refinancings have picked up聽
Stocks rise on strong economic dataUS stocks had their best day since mid-September after reports of strong economic data and good corporate news gave stocks a boost.
