Nearly 40K job cuts announced as weakness persists
This is the point in the recession where one round of job cuts leads to another.
2 minutes ago | Read More...

Gold prices rebound as dollar sinks
Gold prices rebounded Friday as the dollar gave back some of its recent gains and fell against other major currencies. Energy prices slipped, while agriculture futures rose.
2 minutes ago | Read More...

Hertz to eliminate more than 4,000 positions
Rental car company Hertz Global Holdings Inc. said Friday it will slash its work force by an additional 4,000 jobs worldwide as it further cuts costs to contend with deteriorating demand and vehicle values.
12 minutes ago | Read More...

Latin American stocks gain on Mexico rate cut
Latin American stocks inched higher for a second day Friday, buoyed by an interest rate cut in Mexico and another government bailout for a top U.S. bank.
17 minutes ago | Read More...

Bank of America slides to 4Q loss; gets more aid
Ken Lewis bought himself some time.
18 minutes ago | Read More...

ConocoPhillips cutting 4 pct of global work force
ConocoPhillips announced Friday that it's cutting 4 percent of its overall work force, or about 1,300 jobs, as the oil giant adjusts to tumbling crude prices and a dismal global economy.
22 minutes ago | Read More...

Mexico central bank cuts lending rate to 7.75 pct
Mexico's central bank cut interest rates for the first time since 2006 on Friday to boost the country's slowing economy as it inches toward recession.
29 minutes ago | Read More...

Citigroup posts loss, splits up the bank
Citigroup Inc. on Friday announced its latest attempt to become profitable again: Splitting the bank into two pieces.
36 minutes ago | Read More...

Citigroup, Johnson Controls, Intel are big movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange:
39 minutes ago | Read More...

EU tells Microsoft to change IE marketing
The European Union said Friday that Microsoft Corp.'s practice of selling the Internet Explorer browser together with its Windows operating system violates EU antitrust rules.
45 minutes ago | Read More...

Cash-rich companies list
Morningstar Inc. analysts have screened for companies they call cash cows. The companies on the list have generated growing free cash flows for the past three years, and boast cash on the balance sheet equal to at least 5 percent of total assets. In addition, for every dollar they generate in sales, these companies have generated at least 5 cents per share in free cash flow in each of the past three years.
49 minutes ago | Read More...

Wise investors should focus on company cash, debt
In the middle of a deep recession, corporate America is just like the rest of us: We all want cash in our pockets.
52 minutes ago | Read More...

Paulson defends financial bailout program
Treasury Secretary Henry Paulson on Friday defended his handling of the $700 billion financial rescue program, saying it has made real progress toward achieving financial stability.
54 minutes ago | Read More...