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Federal Reserve Meets As Economic Risks Widen

AP | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis ...

Jason Linkins

The Consumerist Returns For Another Year Of 'The Worst Company In America' Contest

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Business

Hey everyone, it's March Madness time! You know what that means, right? First of all, it's the time of year where you loathe yourself for picking Du...

GE CEO Accepts First Bonus Since 2007

Posted 05.25.2011 | Business

NEW YORK (Reuters) - General Electric Co (GE.N) paid Jeffrey Immelt a $4 million cash bonus in 2010, following two years when the chief executive...

Oliver Twist's Workhouse Saved From Demolition

AP | JILL LAWLESS | Posted 05.25.2011 | Business

LONDON — The British government announced Monday it has given protected status to a former workhouse thought to have inspired Charles Dickens' "...

White House Reaffirms Commitment To Nuclear Energy

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The White House said on Monday President Barack Obama remains committed to keeping nuclear energy as part of the energy mi...

SEC Fought Outside Pressure In Prosecuting Rajat Gupta

CNBC | John Carney | Posted 05.25.2011 | Business

Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its ins...

Krugman: Foreclosure Settlement Could Be Another 'Inside Job'

The New York Times | Paul Krugman | Posted 05.25.2011 | Business

That settlement is a “shakedown,” says Senator Richard Shelby of Alabama. The money banks would be required to allot to mortgage modification woul...

Amazon Faces State Pressure To Collect Sales Tax

The New York Times | Verne G. Kopytoff | Posted 05.25.2011 | Business

SAN FRANCISCO -- Across the country, state officials struggling with big budget shortfalls are trying to get Amazon.com to take on a role it does not ...

U.S. Millionaires: $7 Million Doesn't Make You Rich

Posted 05.25.2011 | Business

NEW YORK (By Helen Kearney) - A million dollars ain't what it used to be. More than four out of ten American millionaires say they do not feel...

The 10 Most Counterfeited Products In America

Daily Finance | Douglas A. McIntyre | Posted 05.25.2011 | Business

American consumers love bargains. But that zest for getting a coveted product at the lowest price also has an economic downside: It creates a giant op...

The Continuing Mortgage Mess

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

After the drubbing that the Democrats took last November, you would think that it might occur to the White House that it makes sense to be more clearly aligned with the interests of consumers. But that is still contested terrain.

Gretchen Morgenson: Attorneys General May Be Rushing Proposal for Loan Servicers

nytimes.com | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

ONE crucial reason the nation's mortgage industry ran itself -- and the entire nation -- off the rails was its obsession with speed. Mortgages had to ...

3,001 Arrested For Product Piracy In China's Latest Crackdown

AP | Posted 05.25.2011 | Business

BEIJING — Chinese authorities have arrested 3,001 people in their latest crackdown on rampant product piracy and seized fake or counterfeit medi...

Japan Plans Spending Package as Quake Slams World's Most Indebted Economy

Bloomberg | Christopher Anstey | Posted 05.25.2011 | Business

Prime Minister Naoto Kan, battling what he called Japan's worst crisis since the end of World War II, plans a post-earthquake rebuilding package, a st...

Chinese Government Criticizes Macau Corruption

Posted 05.25.2011 | Business

(Reuters) The scale of the corruption in Macau has drawn fire from the most powerful and important critic of all -- the mainland China government...

WikiLeaks: China Gave AIG's Private Information To Rivals

Posted 05.25.2011 | Business

NEW YORK (By Ben Berkowitz) - U.S. officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rival...

Consumer Confidence Falls To Five-Month Low

Posted 05.25.2011 | Business

NEW YORK (Reuters) - Consumer sentiment fell to its lowest level in five months in early March as gasoline prices rose, a survey released on Frid...

Top Fed Official: We're 'Very Far Away' From Price Stability

Posted 05.25.2011 | Business

NEW YORK (By Kristina Cooke) - A top Federal Reserve official signaled on Friday the central bank won't tighten monetary policy any time soon, ev...

Investors Wait To See If Japan's Quake Will Trigger Catastrophe Bonds

Posted 05.25.2011 | Business

LONDON (By Sarah Mortimer) March 11 - Eight catastrophe bond transactions totaling over a $1 billion could leave financial investors exposed to i...

Libya's Largest Gas Exporter Nears Complete Production Halt

AP | By COLLEEN BARRY and CASSANDRA VINOGRAD | Posted 05.25.2011 | Business

LONDON -- The chief of Eni, the biggest gas exporter from Libya, said Thursday that oil production across the battle-torn country is near a complete h...

Household Wealth Jumps $2.1 Trillion In Last Quarter

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Household wealth rose by $2.1 trillion in the fourth quarter and their debt contracted at the slowest pace since 2008 as c...

Unemployment Rates Rose In Ten States Last Month

AP | Posted 05.25.2011 | Business

WASHINGTON -- The unemployment rate fell or held steady in 40 states in January, the latest sign that hiring is strengthening throughout the country. ...

Trade Deficit Widens On Oil Spike; Jobless Claims Up

Posted 05.25.2011 | Business

(AP) A surge in oil prices helped push imports up at the fastest pace in 18 years in January, giving the country the largest trade deficit in six mont...

Geithner: U.S. Must Help 'Nurture' Emerging Markets

Posted 05.25.2011 | Business

WASHINGTON (By Glenn Somerville and Lesley Wroughton) - U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to approve capital ...

IBM Stock Hits All-Time High

Posted 05.25.2011 | Business

(Reuters) - Shares of International Business Machines Corp hit a lifetime high on Wednesday as analysts welcomed the tech giant's commitment to d...