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Move Over Libor, Corporate Earnings Are Manipulated Too

Posted 10.10.2012 | Business

A warning to those following earnings season closely: Don't trust what you read. About 20 percent of companies “manage” their books to mischar...

Jack Welch Has Some Experience With Dubious Numbers

Mark Gongloff | Posted 12.10.2012 | Business
Mark Gongloff

A little-remembered episode in General Electric history illustrates just how dangerous it is for former CEO Jack Welch to accuse the government of manipulating unemployment numbers.

You Won't Believe How Much Money It Takes For Americans To Feel Happy

The Huffington Post | Khadeeja Safdar | Posted 06.20.2012 | Business

To most, success doesn't mean a six-figure salary. In fact, the majority of American workers would be content with average level earnings, accordi...

Dimon Cutters

Michael Farr | Posted 06.14.2012 | Business
Michael Farr

No matter what anyone tells you, it stands to reason that this European crisis is significant and will be around for quite a while longer. What will markets do?

How JPMorgan Is Trying To Make Up For That Huge Trading Loss

Reuters | Posted 07.29.2012 | Business

(Repeating item with no changes to headline or text) * JPMorgan sold estimated $25 billion in securities * Sales to prop...

These High-Paying Jobs Don't Require A College Degree

The Huffington Post | Harry Bradford | Posted 07.13.2012 | Business

It is a truth universally acknowledged, that you can still make a boatload of money without a bachelor's degree. You don't even have to be Mark Zuk...

Toyota's Bold Predicition

AP | YURI KAGEYAMA | Posted 05.09.2012 | Business

TOKYO -- Toyota's quarterly profit more than quadrupled to 121 billion yen ($1.5 billion), and the automaker gave upbeat forecasts as it recovers from...

April Employment Showers

Max Fraad Wolff | Posted 07.08.2012 | Business
Max Fraad Wolff

The first quarter of 2012 has been a wild ride. After an inexplicably strong late 2011 and early 2011 the flow of macro data has turned dramatically less encouraging.

Oil Spill Still Weighing On BP

Reuters | Posted 06.30.2012 | Business

* Q1 replacement cost net ex one-offs $4.80 bln vs f'cast $5.10 bln * To sell 50,000 bbls/day output in Gulf of Mexico ...

GE Profits Plunge

Reuters | Posted 06.20.2012 | Business

April 20 (Reuters) - General Electric Co posted an 11.6 percent decline in quarterly profit, weighed down by a charge for the company's exit of its ...

Further Gains for the Banks?

Michael Farr | Posted 06.19.2012 | Business
Michael Farr

The dramatic rebound in bank stocks is a reflection of just how depressed the sector had become. So has the opportunity passed, or should we continue to expect outsized gains from the sector?

Morgan Stanley Faces Loss Due To Accounting Charge

AP | CHRISTINA REXRODE | Posted 06.19.2012 | Business

NEW YORK — Morgan Stanley reported earnings that far exceeded investors' forecasts Thursday, sending its stock higher even as the rest of the ma...

BofA Sees Profits Plunge

Reuters | Posted 06.19.2012 | Business

* Q1 EPS 3 cents vs 17 cents a year earlier * Accounting charges hurt results * Shares up 1.8 pct in early trading ...

Don't Underestimate The Vampire Squid

AP | CHRISTINA REXRODE | Posted 06.17.2012 | Business

NEW YORK — On the surface, Goldman Sachs had a triumphant first quarter. By one popular measure, its profit more than doubled, and the bank anno...

Big Bank Sees Profits Drop

Reuters | Posted 06.13.2012 | Business

* Net income $5.4 billion vs $5.6 billion year earlier * Q1 EPS $1.31 vs $1.28 year earlier April 13 (Reuters) - JPMorga...

Cash-Strapped State Gets Enormous Reward For Google Investigation

AP | LAURA CRIMALDI | Posted 06.03.2012 | Business

PROVIDENCE, Rhode Island (AP) — Rhode Island law enforcement agencies that participated in an investigation that resulted in Google Inc. forfeiting ...

What The One Percent Majored In

The Huffington Post | Harry Bradford | Posted 03.12.2012 | Business

College graduates earn almost one million and a half dollars over the course of a 40 year career on average, compared to about half that for those wit...

Automaker Rakes In Huge Profit

AP | Posted 02.24.2012 | Business

BERLIN -- Automaker Volkswagen AG said Friday that its net earnings more than doubled last year as revenues grew by more than a quarter and the compan...

Major Retailer CEO: $2.4 Billion Loss 'Unacceptable'

AP | ANNE D'INNOCENZIO AND MAE ANDERSON | Posted 04.24.2012 | Business

NEW YORK — Sears said Thursday that it's unloading some of its profit-busting stores, but the retailer fell short of revealing how it plans to w...

Bailed Out Automaker Turns Record Profit

AP | TOM KRISHER | Posted 04.17.2012 | Business

DETROIT — Just two years after it was rescued and reconstituted through bankruptcy and a government bailout, General Motors Co. cruised through ...

Toyota Sees Big Profit Boost

Reuters | Posted 04.07.2012 | Business

TOKYO, Feb 7 (Reuters) - Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact...

Bonnie Kavoussi

An Illusory Holiday Shopping Season: Americans Spent Less In December | Bonnie Kavoussi | Posted 01.30.2012 | Business

The boost that the holiday shopping season was supposed to have given the economy proved to be mostly an illusion. Consumer spending actually decli...

After Loss Last Year, BofA Took Home $2 Billion In Profit

AP | PALLAVI GOGOI | Posted 03.20.2012 | Business

NEW YORK — Bank of America is back to basics – slimmed down, stripped of its swagger and no longer the biggest bank in the country. And in...

Big Bank Sees Profit Drop On Lower Investment Banking Income

AP | PALLAVI GOGOI | Posted 03.18.2012 | Business

NEW YORK — Citigroup has a world of problems. The bank is proud of its global reach – 1,400 branches in 46 countries. But in Asia, the ec...

Wells Fargo Sees Profit Boost, As Bank Set Aside Less To Cover Bad Loans

Reuters | Posted 03.18.2012 | Business

* Q4 EPS 73 cents per share vs. 61 cents a year ago * Bank set aside less money for bad loans * Wells posts 2 percent co...