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Business News: Most Recommended
Last update: 4 hours, 3 minutes ago
 
Study: Retirement savers make costly 401(k) mistakes
12 May 08, 00:07 ET
AP - Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates.
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High demand, price of rice good news to US farmers
11 May 08, 17:21 ET
AP - Dipping its left wing, a canary-yellow biplane makes a sharp turn and dives over a flooded field, showering rice on the shallow water 15 feet below.
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Retailers likely to post grim 1st-quarter results
11 May 08, 15:00 ET
AP - After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
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China forms company to make regional, jumbo jets
11 May 08, 03:03 ET
Reuters - China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.
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News Corp unexpectedly drops bid for Newsday
10 May 08, 15:05 ET
Reuters - Rupert Murdoch's News Corp on Saturday dropped its $580 million bid for Tribune Co's Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.
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Young widower pushes for change in Mass. life insurance law
10 May 08, 13:35 ET
AP - When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance.
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Countrywide falls on worry over B of A merger
9 May 08, 15:39 ET
Reuters - Countrywide Financial Corp shares fell nearly 6 percent on Friday on renewed speculation that Bank of America Corp will renegotiate or cancel its agreement to buy the largest U.S. mortgage lender.
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Mortgage credit losses could total $500 bln: Goldman
9 May 08, 15:25 ET
Reuters - Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm.
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U.S. crude futures jump more than $2, above $126
9 May 08, 09:36 ET
Reuters - U.S. crude futures jumped more than $2 to a record high above $126 on Friday, fueled by fund buying and surging distillate prices on both sides of the Atlantic, according to traders.
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Foreclosure Bargains on the Block
9 May 08, 08:08 ET
BusinessWeek Online - At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold for $1 million. On May 6 the bank that owns the now foreclosed property at 7604 Noche Oscura Circle agreed to sell it for $500,000 ($32,900 below the already discounted asking price).
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