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Oil prices tumble close to $35 a barrel as rising inventories and falling retail sales in the U.S. provide investors with further evidence of faltering consumer demand.

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Google to Cut 100 Jobs, Close Offices

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Money Advertisement

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JPMorgan Surprises, Beats Estimates

posted: 1 HOUR 28 MINUTES AGOcomments: 54

filed under: Earnings, Financial Crisis, Investing

JPMorgan delivers some positive news during what is expected to be a pretty rocky earnings season, saying that it posted a fourth-quarter profit of $0.07 a share, beating expectations. While the company was able to eke out a small gain, showing that it is weathering the financial crisis better than some other banks, CEO Jamie Dimon still calls the results "very disappointing." Quote: JPM
BloggingStocks: Great News! JPMorgan Profit Sinks 76 Percent
24/7 Wall St.: JPMorgan Holds the Line for Banking Industry ... Again

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Bank of America May Get More US Aid

posted: 3 HOURS AGOcomments: 295

filed under: Financial Crisis

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Bank of America Corp. may receive billions more in federal aid to assist with its acquisition of Merrill Lynch, according to a newspaper report. So far, the bank has received a total of $25 billion from the Treasury Department's $700 billion bailout plan. Quote: BAC
BloggingStocks: Will BofA Be Next Big Bank to Be Dismantled?

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Apple Shares Slump on Jobs' Health News

posted: 3 HOURS 27 MINUTES AGOcomments: 45

filed under: Tech News

Shares of iPhone and iPod maker Apple plunge as company co-founder and CEO Steve Jobs announces he is taking a medical leave of absence until at least the end of June. The news comes a little more than a week after Jobs revealed that he had been diagnosed with a hormone imbalance. He now cites "more complex" medical problems. Quote: AAPL
Also: Read Jobs' Letter to Apple
BloggingStocks: Will Investors Sue Apple Over Weak Disclosure?
24/7 Wall St.: Details on Jobs' Interim Replacement Tim Cook

Justin Sullivan and David Paul Morris/AFP/Getty Images

On the left, Apple CEO Steve Jobs speaks during a special event September 9, 2008. On the right, he answers questions after introducing new versions of the iMac and iLife applications on August 7, 2007.

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Foreclosure Filings Up 81 Percent in 2008

posted: 5 HOURS 52 MINUTES AGOcomments: 3

filed under: Financial Crisis, Mortgages

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