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Gold prices hit high for the yearGold prices hit $1,790 an ounce in Friday trading, before falling back to $1,778. Gold prices rose on hopes of economic stimulus from a Spanish bailout.
Romney paid excess taxes in 2011. Patriotic or dumb?Mitt Romney paid $1.9 million in federal taxes on $13.7 million in income. But he could have paid less federal taxes had he claimed a full deduction on $4 million in charitable giving.
After Fed rally stocks slip late in dayMost of Friday seemed like another day in the Fed rally until stocks slipped in the late afternoon.听Stocks are still much higher than might be expected for such a morose economy.
Bernard Madoff victims get $2.5B in latest payoutBernard Madoff's Ponzi scheme victims will soon get checks totaling $2.5 billion, mailed out by the trustee overseeing the liquidation of Madoff鈥檚 firm. Bernard Madoff is currently serving a 150-year prison sentence in North Carolina.
Stock markets, US futures steady on hopes Spain asks for aidAs global economy worsens, investors expect Spain to negotiate a bailout, easing fears about a eurozone breakup. Major Asian, European market indexes showed little change, while S&P futures were up modestly.
Bank of America slashes 16,000 jobs. Early.Bank of America will cut 16,000 jobs by Christmas, speeding up a previously announced plan to eliminate 30,000 Bank of America jobs overall, according to a report.
Apple's iPhone 5 sales surge circles the globeiPhone 5 buyers lined up outside of stores from Hong Kong to London to New York. The iPhone 5 goes on sale in 9 countries Friday, and 22 more next week.
Gleeful Parisians wait to buy iPhone 5. Then protesters appear.Disgruntled former employees of now-closed Apple distributors crash iPhone party atmosphere as buyers line up to buy the Apple iPhone 5 in Paris.听
Weak global markets drag stocks downThree stocks fell for every two that rose on the New York Stock Exchange Thursday after聽manufacturing and business activity in both China and Europe slowed.
Wal-Mart to stop selling Kindles as Amazon threat growsWal-Mart decision to drop Kindle tablets and e-readers follows Target's move in May. Wal-Mart and other bricks-and-mortar stores see Amazon's digital sales as a growing threat.
Tim Pawlenty ditches Romney campaign for Wall StreetTim Pawlenty has resigned as a national co-chairman of Republican Mitt Romney's presidential campaign to take a job as a Wall Street lobbyist. An early presidential candidate, Tim Pawlenty will not run for governor or Senate in Minnesota in 2014.
Mortgage rates fall to record low 3.49 percentMortgage rates for 15-year agreements fell to a new record low this week, and the average 30-year rate touched its record low. Mortgage rates matched their lowest level since long-term mortgages began in the 1950s.
Microsoft Corp. raises dividend 15 percentMicrosoft Corp. quarterly dividend will be 23 cents. Shares of Microsoft Corp. fall slightly.- Starbucks debuts single-serve brewer, competes with KeurigStarbucks will start selling the Verisimo, a single-serve brewer, online this week for $199. Announced earlier this year, the Starbucks Verismo comes amid intensifying competition in the piping hot market for single-serve brewers and the coffee pods they use.
Town's rental ban against illegals gets new court hearingTown's rental ban was ruled unconstitutional in March. But a US Appeals court reheard the argument's for and and against the Texas town's rental ban Wednesday.
China manufacturing slows. Asian stocks fall.Chinese manufacturing is still contracting, but HSBC flash PMI suggests that the sector is starting to stabilize. Shanghai, Hong Kong, Tokyo, and Australian exchanges all fall after weak Chinese manufacturing data.听
Good housing numbers lift stocksStocks rose Wednesday after the release of two encouraging housing reports. Stocks聽of homebuilders rose sharply while the gains for broader聽stock聽indexes were muted.听
Arsenic in rice? Consumer Reports finds 'higher' levels.Arsenic in rice is at higher levels than most foods in the US, according to a Consumer Reports study. Consumer groups are urging the FDA to set guidelines for the allowable levels of arsenic in rice. The FDA says there is no danger in eating rice, but urges people to diversify their diets.
Yahoo! mega deal pays investors; stocks riseYahoo! has completed a long-awaited $7.6 billion deal with China's Alibaba Group, generating a windfall that could help ease the pain of Yahoo! shareholders and send stock prices higher.
Japan easing boosts Asia's stock, but not Europe'sJapan's central bank boosts bond-buying in an effort to lower interest rates. Japan's Nikkei index jump to a four-month high, but European stocks are unmoved.听
