All Latest News Wires
China economy hits bottom. Time to buy stocks?China posts slowest growth since 2009, but other signs point to stronger-than-expected growth ahead. Some analysts say the time is right to buy Chinese equities.聽
Sprint to gain control of ClearwireSprint purchase of Clearwire stock will give it a 53 percent stake in the wireless network operator. Clearwire has large network but weak financials.
Newsweek to drop print for all-digital editionsAfter 80 years in print, Newsweek will stop publishing its print magazine on Dec. 31. The new Newsweek will be a single, worldwide edition that requires a paid subscription. It will be available on tablets, smartphones, and desktop online reading.
Buy a ring, get a free gun, jeweler offersBuy a ring, get a gun is the brainchild of an Iowa jeweler trying to entice deer-hunting husbands-to-be. Anyone spending at least $1,999 on an engagement ring gets a free rifle.聽
Flight attendants: Pay is less, but American has openingsFlight attendants' pay will be lower for 1,500 new hires at American Airlines. With flight attendants' pay averaging $45,000, American is trying to cut $1 billion in labor costs to emerge from bankruptcy.
Average student debt rises. Again.Average student debt for recent college grads now stands at $26,600. Two-thirds of the 2011 class has student debt.聽
Stock market edges up on stronger housing reportThe stock market ended mostly higher Tuesday after a surprisingly strong housing report.聽Better results from Mattel, Goldman Sachs, and Johnson & Johnson also shot the聽stock聽market higher.
Medicare: Taking it private would raise premiumsMedicare would be more expensive for six in 10 recipients if it were privatized, according to a recent report from the Kaiser Family Foundation. Some regions, including the senior-rich political swing state of Florida, would face hundreds in premium hikes under a hypothetical privatized Medicare system.
Counterfeit bills in ATMs. Bad copies. Man arrested.Counterfeit bills in ATMs 鈥� printed on only one side and found last week 鈥� lead to FBI arrest of employee for an ATM-servicing firm. Counterfeit bills in two New York ATMs replaced some $11,000 in cash.
High earnings, low inflation propel stocks upwardLow inflation and decent earnings reports sent stocks upward Tuesday. Stocks in聽nine out of 10 industry groups in the S&P 500 index rose.
Suddenly, Vikram Pandit is out as Citigroup CEOCitigroup offers no explanation for shakeup, which besides Pandit includes chief operating officer Havens. Citigroup's Europe chief Michael Corbat is replacing Pandit.
Social Security COLA to rise 1.7 percentSocial Security cost of living adjustment, one of the smallest increases in decades, takes effect in January. More than 56 million Social Security recipients will benefit.
Stocks higher after retail sales improveA strong gain in retail spending sent stocks upward Monday. A positive earnings report from Citigroup was responsible for a broad rise in bank stocks.
Morgan Stanley faces ACLU discrimination lawsuitMorgan Stanley is being accused聽of discriminating against black homeowners and violating federal civil rights laws in a lawsuit filed by the ACLU. Morgan Stanley calls the allegations 'completely without merit.'
Pizza Hut reworks presidential debate stunt. Sort of.Pizza Hut drew criticism and mockery last week for a promotional stunt offering a lifetime supply of free pizza to anyone who asked 'sausage or pepperoni?' during Tuesday's town hall presidential debate. Pizza Hut is moving the contest online but says it will still honor the original deal.聽
Two Americans awarded Nobel Prize for economicsA pair of economics professors will receive the 2012 Nobel Prize in economics for research in stable allocations.
Softbank to pay $20 billion for SprintSoftbank reaches deal to buy 70 percent of Sprint. Softbank deal, the biggest foreign acquisition by a Japanese company, would create world's No. 3 mobile company, tied with AT&T.
Stocks fall in worst week since JuneStocks dropped after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo.聽Financial and utility聽stocks聽had the biggest declines among the 10 industries in the S&P 500.
JPMorgan posts record earnings, lifting stocksJPMorgan Chase and Co. posted record third quarter earnings. Shares of JPMorgan rose 1.8 percent in premarket trading, lifting US stock futures along the way.
Hot dog feud ends. Pair cleared of trying to rob 'M-A-S-H' eatery.Hot dog feud embroiled Tony Packo's 鈥� the restaurant made famous by the 'M-A-S-H' television series 鈥� in scandal. Tony Packo III, accused of plotting to rob the business his grandfather founded, was acquitted of wrongdoing by an Ohio jury, bringing the hot dog feud to a close.
