Most Popular Stories
- Social Security the Greatest Ponzi Scheme Ever?
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- Obama Presses Congress on Recovery Stimulus Package.
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- Wall Street Climbs as Stimulus Plan Becomes More Likely
- Richardson's Withdrawal a Mixed Blessing for Some Activists
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Cigna to Cut 1,100 jobs, Citing Weak EconomyHealth insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn. |
Retail Federation Asks Obama for 3 Sales Tax Holidays in 2009Add retailers to the list of businesses requesting government help. The world's largest retail trade group, the National Retail Federation, is asking President-elect Barack Obama to consider providing three sales tax holidays in 2009, which would cost the federal government at least $20 billion. |
SEC Widens Madoff ProbeInvestigators said Monday they have widened their probe into U.S. regulators' failure to spot alleged fraud by fallen financier Bernard Madoff. |
Detroit 3 Look for Midyear Sales BoostSales conditions in the automotive industry are likely to remain brutal -- especially for the next three months -- but Detroit's automakers are hopeful that the U.S. economy will get a boost soon from a new federal stimulus package and begin to turn the corner by midyear. |
American, Other Airlines, Sue FAA Over New RulesSeven airlines, including American Airlines, have sued the Federal Aviation Administration, opposing new regulations designed to reduce flight crew fatigue on long international routes. |
Advice for the Bear MarketWall Street is full of old saws about bear markets. They tend to offer the same advice: When things look scary, stick out your chin and buy. But given the awful drubbing investors took last year, and with the economy still in a tailspin, dare we take that advice this time? |
Oil Prices Rise MondayCrude oil prices rose Monday on political tensions and an oil production cut, which began in the new year. |
Firms Urged Not to Make Drastic Job CutsFirms must resist making drastic job cuts or face the consequences when the market picks up, recruiters have warned. |
Survey: Many payrolls being cut in '09As U.S. senators and representatives prepare to pad their wallets with a nearly 3 percent pay hike, some of the country's workers will be lucky to even have a job, let alone a pay raise, according to several online surveys. |
Wall Street Falls Amid Corporate Earnings ConcernsWall Street opened slightly lower Monday, as concerns about a decline in corporate profits overshadowed speculation that President-elect Barack Obama's plan for tax cut will help revive the nation's economy. |
Borders Replaces CEO, Posts Weak Holiday SalesBorders Group Inc replaced its chief executive, who had been on the job less than three years, and the book retailer reported a sales decline for the holiday season. |