Business News

2 hours ago

CIT Group Inc.'s board approved a deal late Sunday with major bondholders to keep the company out of bankruptcy with a $3 billion rescue loan, the New York Times reported.

Jul 18, 2009 | 13 comments

Hybrid vehicle owners tend to drive more, get more tickets and pay more for repairs.

Jul 17, 2009

"If you pump money into the system and you create large fiscal deficits, you create volatility," says the author of the Gloom, Boom and Doom Report.

Jul 17, 2009 | 2 comments

The insider trading suit levied against Dallas Mavericks owner Mark Cuban was the one chink in Cuban's charmed-life armor. Now it's back to business as usual.

Jul 17, 2009 | 53 comments

After building an empire based on caffeine, Starbucks is mixing it up and giving beer and wine a shot.

Jul 17, 2009

It's earnings release week here in Silicon Valley and today it was Google's turn to weigh in on business.

Jul 16, 2009 | 1 comment

Microsoft Corp.'s chief operating officer says the software maker is planning to open retail stores in the fall and they are "in the game for the long-term."

Jul 16, 2009 | 1 comment

As CIT works to avoid bankruptcy, many who track the retail industry are concerned that CIT's troubles will set off a chain reaction that will leave retailers in the lurch during the critical holiday...

Jul 16, 2009 | 1 comment

CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors, CNBC has learned.

Jul 16, 2009 | 11 comments

Bill Gates already controls your computers. Now he wants to control the weather. Cue the Dr. Evil references!

Jul 16, 2009 | 1 comment

Birthday messages used to come from friends and family. Soon, they may come from advertisers.

Jul 16, 2009 | 1 comment

Federal prosecutors in Manhattan have signaled they may be near a plea deal with Bernard's Madoff longtime accountant.

Jul 16, 2009 | 4 comments

Setting out to work 50 jobs in 50 states in less than a year, Daniel Seddiqui has done everything from marrying couples in Las Vegas to giving the weather forecast in Cleveland.

Jul 14, 2009 | 5 comments

Jimmy Wales's online encyclopedia contains the sum of all human knowledge -- except when he decides to filter the news.

Jul 14, 2009 | 4 comments

11-year-old Zach McGuire is putting his toys up for sale to help his dad, a licensed contractor who hasn't had a job in months, pay to keep their house.

Jul 14, 2009

Anje Kearney has launched her own business using the tools she already had at hand. She's the new owner and sole employee of "A Chick & A Lawnmower."

Jul 15, 2009 | 1 comment

The international manhunt for a fugitive banker who cut off his ankle bracelet to avoid trial has ended with his arrest in Spain, law enforcement sources said today.

Jul 14, 2009 | 2 comments

When times are tough, we turn to gadgets -- a trend that's helping Silicon Valley buck the recession.

Jul 14, 2009

How much is Facebook worth? A Russian investment firm appears to put it at $6.5 billion to $10 billion.

Jul 13, 2009 | 2 comments

Steve Rattner, the former New York investment banker who had overseen President Obama’s auto task force, is leaving his post and will be replaced by Ron Bloom, a former union official.

Jul 13, 2009

The pastel marshmallow candies known as Peeps are officially not just for eating anymore.

Jul 10, 2009 | 4 comments

GM, out of bankruptcy and into the modern age, hooks up with eBay to sell cars.

Jul 13, 2009

A judge has sentenced a once prominent Manhattan attorney to 20 years in prison in a securities fraud that cost hedge funds and other large investors $400 million.

Jul 10, 2009 | 1 comment

Kiva, a San Francisco-based non-profit that facilitates small loans between individuals online, is being accused of straying from its mission by enabling loans closer to home.