Need information in Finance

Wall Street anxious about earnings

2007-07-11T11:28:00.006-07:00

Stocks took a break Tuesday from their recent runup following some troubling earnings announcements from Sears and D.R. Horton, as Wall Street awaited remarks by Federal Reserve Chairman Ben Bernanke.

Liz Claiborne to sell 16 brands - report

2007-07-11T11:28:00.005-07:00

Apparel company Liz Claiborne is expected to announce Wednesday plans to sell 16 of its 36 apparel brands, the Wall Street Journal reported.

What is elite service worth?

2007-07-11T11:28:00.003-07:00

Dear FSB: I own one of the largest electrical companies in the state. Our uniformed workers respond to customers' homes within one hour of each call, with guaranteed service 24 hours a day. As a result our overhead is about 40% more than our competitors', and our prices are higher. How can we offer top-notch service and still stay profitable? - Bill Augustynski, Owner, August Electric Dudley, Mass. (augustelectric.com)

Stocks set to bounce back

2007-07-11T11:28:00.001-07:00

Stocks are pointing to a slight recovery Wednesday from the past session's sell off, which was sparked by renewed subprime fears.

Potty power: Electric toilet paper dispenser unveiled

2007-07-11T11:27:00.005-07:00

Kimberly-Clark Professional is unveiling an electronic toilet tissue dispenser in hopes of capturing more of the $1 billion away-from- home toilet paper market.

Text message + cable bill + etc.

2007-07-11T11:27:00.003-07:00

Here's another one of those tipping-point stories. It was the end of the month, when I run through the stack of household bills that pile up both on my desk and on the bill-paying page at my bank's Web site. (I'm old-fashioned. I like paper bills. I even check out the cubic zirconium comeons.) This time around, the Verizon bill for my family's four cell phones seemed a little higher than usual, so I went over the 38-page itemized bill. Like most college students, my two daughters live on their phones, but the bill had been pretty consistent. This month, however, there was a spike. Fernanda, it seems, had gotten into texting - and got hit with a $45.65 surcharge, nearly doubling her bill to $93.21.

Stocks set to bounce back

2007-07-11T11:27:00.001-07:00

Stocks are pointing to a slight recovery Wednesday from the past session's sell off, which was sparked by renewed subprime fears.

Click here for the upsell

2007-07-11T11:26:00.005-07:00

Online shopping recommendations are the Internet's answer to the old-fashioned upsell. "You like that red Prada hobo bag? You'll love this black canvas number from Dolce & Gabbana."

The spy goes to Wall Street

2007-07-11T11:26:00.003-07:00

Every Monday at 8:45 a.m., when the dozen top executives at Lehman Brothers gather in a 31st-floor conference room at their Manhattan headquarters, they hear from the oracle. This is the weekly capital markets meeting, where the investment bankers talk about the state of the world in which they put their billions. CEO Dick Fuld presides, but typically he is not the one kicking off the conversation. That job belongs to a Wall Street newcomer few businesspeople have heard of.

Stocks try to muster momentum

2007-07-11T11:26:00.001-07:00

Stocks edged higher Wednesday, just a day after major gauges tumbled over 1 percent, as investors struggled for direction.

Housing slump drags on and on...

2007-07-11T11:25:00.006-07:00

The slump in home sales and prices will be deeper and last longer than previously expected, according to the latest forecast Wednesday by the National Association of Realtors.

Senate vs. fund managers

2007-07-11T11:25:00.005-07:00

When you earn a lot of your living by investing others' money - is your take investment income or a regular paycheck?

Movies in a box, any box

2007-07-11T11:25:00.003-07:00

The battle for your living room is heating up. There are now numerous ways for lazy consumers to avoid having to go to their local Blockbuster (BBI), assuming it hasn't been closed, to get a new movie.

Sluggish economy sinks CEO confidence

2007-07-11T11:25:00.001-07:00

CEOs are less optimistic about the short-term economic outlook than they were last quarter, and confidence measures saw an especially dramatic drop when CEOs assessed their own companies' sectors, according to a survey by The Conference Board.

Wall Street finds some bounce

2007-07-11T11:24:00.000-07:00

Stocks built on early gains Wednesday just a session after renewed concerns about the subprime mortgage sector helped send major gauges tumbling over 1 percent.

S&P to slash subprime bond ratings

2007-07-10T20:36:00.000-07:00

Standard and Poor's Rating Services is downgrading 612 securities backed by subprime mortgage loans because of high delinquency and foreclosure rates.

Porsche revs up Volkswagen

2007-07-10T20:34:00.001-07:00

Is it possible that Wendelin Wiedeking radiates energy, optimism, and good cheer even when he sleeps? Awake, he is so buoyantly jovial he practically floats. On this particular day the Porsche CEO is joking about his office on the second floor of the company's headquarters in Zuffenhausen, a suburb of Stuttgart. "Welcome to my spacious office," he says, surveying the modest metal desk and small conference table that crowd the narrow room.

Wall Street: No solace in Bernanke

2007-07-10T20:33:00.001-07:00

The Dow fell over 100 points Tuesday afternoon as investors weighed a speech on inflation by Federal Reserve Chairman Ben Bernanke while a handful of profit warnings added to general nervousness in an already jittery market.

New drug coming for 'growth failure' kids

2007-07-10T20:32:00.002-07:00

Tercica, a California-based biotechnology company, announced a deal with Genentech Tuesday to develop a combo drug for kids with so-called growth failure.

GM, Ford cars on the comeback trail

2007-07-10T20:32:00.001-07:00

The August issue of Consumer Reports magazine contains a rare, happy surprise for Detroit - a rave review of a General Motors SUV.

Stocks get smacked

2007-07-10T20:31:00.002-07:00

Stocks tumbled Tuesday on concerns about corporate earnings and the subprime mortgage sector while remarks by Federal Reserve Chairman Ben Bernanke failed to sooth investors.

EA, Spielberg reveal video game details

2007-07-10T20:31:00.001-07:00

Electronic Arts Inc. Tuesday unveiled the first details of original video games in development in a collaborative project with Academy Award winning director and producer Steven Spielberg.

Wall Street gets smacked

2007-07-10T20:30:00.001-07:00

Troubling earnings forecasts from the retail sector, renewed concerns about the subprime mortgage sector and rising oil prices sent stocks tumbling Tuesday.

26 indicted on mortgage scheme

2007-07-10T20:29:00.000-07:00

The federal government announced Tuesday a bust in a multi-million dollar subprime mortgage lending scheme and indicted more than two dozen alleged co-conspirators.

When your debt feels like your arm

2007-07-10T20:27:00.000-07:00

“I’ve been in debt so long that it really doesn’t matter whether I pay it off in October vs. March.”

– A friend of mine who was talking about going on an international trip despite having $6,000+ in credit card debt. When I suggested NOT GOING BECAUSE THAT’S RIDICULOUS and putting the money towards the debt, my friend pointed out that it didn’t really matter when the debt was paid off since it had been around so long. I had never heard this perspective before and found it fascinating.