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GM won't advertise in the 2013 Super Bowl

CNN - Fri, 05/18/2012 - 21:55
General Motors will not advertise during this year's Super Bowl game, the automaker said Friday.
Categories: Industry News

Postal Service's next deadline: Aug. 1

CNN - Fri, 05/18/2012 - 21:29
The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law.
Categories: Industry News

Friday's Treasury bond market at a glance

Economy, Government & Policy - Fri, 05/18/2012 - 21:28

Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested:___1. Bond Buyer index of 40 actively traded municipal ...

Categories: Industry News

New York penthouse sells for a record $90 million

CNN - Fri, 05/18/2012 - 21:07
An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.
Categories: Industry News

Stocks: Worst week of the year

CNN - Fri, 05/18/2012 - 20:48
Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.
Categories: Industry News

Figures on government spending and debt

Economy, Government & Policy - Fri, 05/18/2012 - 20:38

Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

Categories: Industry News

Anti-social: Zynga tumbles after Facebook IPO

CNN - Fri, 05/18/2012 - 20:37
Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut.
Categories: Industry News

10-year Treasury yield rises from near record low

Economy, Government & Policy - Fri, 05/18/2012 - 20:31

U.S. Treasury yields inched up Friday a day after the yield on the 10-year note brushed near a record low.The yield on the benchmark 10-year note rose to 1.71 percent late Friday from 1.69 percent Thursday. ...

Categories: Industry News

Enough on Facebook! Buy Google or Apple

CNN - Fri, 05/18/2012 - 20:16
Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be.
Categories: Industry News

Facebook trading sets record IPO volume

CNN - Fri, 05/18/2012 - 20:05
Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.
Categories: Industry News

Treasury ETFs: TLT Nears All-Time High as Yields Plunge

Economy, Government & Policy - Fri, 05/18/2012 - 18:56

The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) is on track for a gain of 4% this week as the U.S. government debt ETF surges close to its all-time high.Treasury yields fell sharply this ...

Categories: Industry News

Facebook: Many mutual funds already have a stake

CNN - Fri, 05/18/2012 - 18:29
Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.
Categories: Industry News

Thrilled and bummed by Google's self-driving car

CNN - Fri, 05/18/2012 - 17:07
My first ride in Google's self-driving car was, all at the same time, thrilling, fascinating and a little disappointing.
Categories: Industry News

Europe fears pressure world markets

CNN - Fri, 05/18/2012 - 16:38
European and Asian markets closed lower on Friday amid anxiety about Spanish and Greek banks and worries of a further slowdown in China.
Categories: Industry News

'I have an airplane hangar in my front yard'

CNN - Fri, 05/18/2012 - 13:50
Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane.
Categories: Industry News

U.S. exports at risk as global growth slows: Treasury

Economy, Government & Policy - Fri, 05/18/2012 - 13:19

U.S. exports that have been a source of strength for the economy are under pressure from a worldwide slowdown in growth that is already under way, a senior U.S. Treasury Department official said on Friday. ...

Categories: Industry News

Stocks: Facebook IPO vs. Europe worries

CNN - Fri, 05/18/2012 - 12:02
U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.
Categories: Industry News

Greek banks strain for cash

CNN - Fri, 05/18/2012 - 10:53
The Greek financial system is straining hard for cash.
Categories: Industry News

'What should we do with a $100,000 windfall?'

CNN - Fri, 05/18/2012 - 10:39
We are retirement age and expect a windfall of $100,000. What should we do? -- Debbie, Jamestown, N.Y.
Categories: Industry News

Vacation? No thanks, boss

CNN - Fri, 05/18/2012 - 09:48
Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.
Categories: Industry News
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