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Boomers Will Be Pumping Billions Into Anti-Aging Industry

AP | By DAVID CRARY | Posted 10.20.2011 | Business

NEW YORK -- Baby boomers heading into what used to be called retirement age are providing a 70 million-member strong market for legions of companies, ...

Farm Aid Shrinks As U.S. Debt Deal Means No Bailout

Bloomberg | Posted 10.20.2011 | Business

Extreme weather that is reducing yields of corn, wheat, cotton and soybeans is also taking a toll on smaller crops, leaving pockets of losses in a far...

Stocks Keep Falling As Traders Worry About Looming Recession

AP | By DANIEL WAGNER and DAVID K. RANDALL | Posted 10.20.2011 | Business

NEW YORK -- A growing belief that the U.S. economy may be headed toward recession gave the stock market its fourth straight week of losses. The anxie...

Medical Bills Drive Americans Into Bankruptcy

The Huffington Post | William Alden | Posted 10.19.2011 | Business

As the economic recovery remains slow, many Americans have found that basic payments have suddenly become unaffordable. Those payments include medi...

The Logic of Ponzi Finance

Micah Hauptman | Posted 10.19.2011 | Business
Micah Hauptman

When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However, Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.

Borrower Nightmares: Navy pension signed over as collateral for costly quick cash

The Center for Public Integrity | Posted 10.19.2011 | Business
The Center for Public Integrity

By Jason McLure, iWatch News 6:00 am, August 19, 2011It was a run of bad luck that put Dr. Louis Kroot and his wife, Kathie, in debt in late 20...

William Alden

Senator Welcomes News Of Apparent Standard & Poor's Investigation | William Alden | Posted 10.18.2011 | Business

NEW YORK -- As the financial world absorbs news that the federal government is apparently investigating potential misbehavior at Standard & Poor's, th...

S&P Facing Justice Department Probe Over Improper Mortgage Ratings

AP | Posted 10.18.2011 | Business

WASHINGTON -- The Justice Department is investigating whether the Standard & Poor's credit ratings agency improperly rated dozens of mortgage securiti...

William Alden

Federal Reserve's Stimulus Pledge Misses The Point, Fed Official Says | William Alden | Posted 10.17.2011 | Business

NEW YORK -- As the Federal Reserve attempts to stimulate the economy and avert a new recession, one of the central bank's most basic tools isn't worki...

Rising Stock Prices Push Oil Near $88 A Barrel

AP | CHRIS KAHN | Posted 10.17.2011 | Business

NEW YORK — Oil rose Wednesday as traders focused on an unexpectedly large drop in gasoline supplies and a weaker dollar. Benchmark West Texas I...

Allstate Sues Goldman Sachs Over Toxic Investments

AP | MARK JEWELL | Posted 10.16.2011 | Business

Allstate Corp. is suing Goldman Sachs Group Inc. claiming the broker fraudulently sold it more than $123 million in mortgage-backed securities in 2006...

The Next Berkshire Hathaway? | AZAM AHMED | Posted 10.16.2011 | Business

In a four-page letter, Christopher P. Mittleman, the chief investment officer at a small New York money manager, likens the embattled hedge fund billi...

Google's Motorola Acquisition Shifts the Battle

Stephen Estes | Posted 10.16.2011 | Technology
Stephen Estes

Most companies try to defeat their competitors by beating them at their own game. Great companies change the game and the playing field. Google's acquisition of Motorola Mobility does just that.

FBI Brags About Chasing Down Mortgage Fraudsters But Big Banks Are Left Untouched

The Center for Public Integrity | Posted 10.16.2011 | Business
The Center for Public Integrity

The FBI's 2010 "Year in Review" mortgage fraud report says the agency has used wiretaps, undercover operatives and "tactical analysis coupled with advanced statistical correlations and computer technologies." Not everyone is impressed.

Wal-Mart Profits Rise, But U.S. Sales Still Slump

AP | ANNE D'INNOCENZIO | Posted 10.16.2011 | Business

NEW YORK — Wal-Mart Stores Inc. posted a second-quarter profit increase of 5.7 percent on Tuesday and raised its outlook for the year as its res...

Do Mean People Earn More?

Posted 10.15.2011 | Business

When it comes to the bottom line, it's better to be disagreeable in the workplace, according to a new study. The Wall Street Journal reports on res...

We Have A Growth Crisis: Simon Johnson

Bloomberg News | Simon Johnson | Posted 10.15.2011 | Business

The U.S.’s fiscal problem is not that the market questions the country’s ability to pay its debts. The willingness to pay was clearly proved by th...

Home Builders As Pessimistic As They Were 2 Years Ago

AP | DEREK KRAVITZ | Posted 10.15.2011 | Business

WASHINGTON — Homebuilders are just as pessimistic about the depressed housing market as they were two years ago. The National Association of Ho...

Foreign Investors Cut U.S. Debt Holdings

AP | MARTIN CRUTSINGER | Posted 10.15.2011 | Business

WASHINGTON — Foreign investors cut their holdings of U.S. Treasury debt in June for the first time in more than two years. The decline came at a...

Corporate Lobby To Blame For Economic Mess

Washington Post | Steven Pearlstein | Posted 10.15.2011 | Business

The economy is flatlining. Global financial markets are in turmoil. Your stock price is down about 15 percent in three weeks. Your customers have lost...

Germany Insists On Strict Rules For Struggling Euro Nations

AP | By MELISSA EDDY | Posted 10.15.2011 | Business

BERLIN -- As Germany emerged from the destruction of World War II, it rebuilt its economy on a system of strong rules governing virtually every aspect...

Japan's Economy Shrinks For Third Straight Quarter

AP | By MARI YAMAGUCHI | Posted 10.15.2011 | Business

TOKYO -- Japan's economy contracted for a third straight quarter as consumer spending and factory production continued to suffer in the aftermath of t...

Best-Paying Jobs You Can Get With Just A High School Degree

24/7 Wall St | Posted 10.14.2011 | Business

Going to college used to be a nearly sure way of getting a steady job. But as many recent graduates will attest, this is no longer the case. However, ...

Worst Stock Market Crashes Since The Great Depression

24/7 Wall St | Posted 10.14.2011 | Business

When 24/7 Wall St. compared each period of market downturn with national unemployment, gross domestic product and the consumer price index, we indeed ...

Public Pension Funds Lose Billions Amid Stock Market Volatility

AP | MICHAEL GORMLEY | Posted 10.12.2011 | Business

ALBANY, N.Y. — Wall Street's volatility has hit state pension funds just as they were beginning to recover from the recession, turning what was ...