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Obama to business: We need jobs

Thu, 03 Dec 2009 19:31:27 EST

President Obama called on business leaders Thursday to help the administration kickstart hiring as policymakers contend with rising unemployment that's weighing down the economy.

BofA prices offering for bailout payback

Thu, 03 Dec 2009 19:56:16 EST

Bank of America said it has priced its stock offering which it plans to use to pay back the government's bailout money.

GE's slimmer, trimmer future

Fri, 04 Dec 2009 07:57:31 EST

General Electric -- the last of the giant diversified conglomerates -- has adopted a strategy that was once unthinkable: narrowing its focus. It's a risky move for a company that had counted on its diversity as a hedging tool. But it's also one that may pay off in spades.

Enron, welcome to Broadway

Fri, 04 Dec 2009 09:02:32 EST

Can Jeff Skilling sell tickets on Broadway? That's the bet being wagered by a team of New York theater producers who are spending some $3.6 million to bring a version of "Enron," a theatrical production currently running in London, to Broadway next spring.

GE, Comcast announce joint NBC deal

Thu, 03 Dec 2009 09:57:17 EST

General Electric and Comcast announced a joint venture worth a combined $37.25 billion on Thursday that will give the cable company eventual control of NBC Universal.

BofA to return $45 billion to taxpayers

Wed, 02 Dec 2009 18:57:07 EST

Bank of America said Wednesday it planned to return the entire $45 billion in bailout money it received from the government over the past year.

Is Wal-Mart recovery-proof?

Thu, 03 Dec 2009 04:37:19 EST

Throughout the recession, wealthier households "traded down" and started to shop at Wal-Mart for the first time. As a result, the world's largest retailer saw its market share in general merchandise rise as the economy went south. Wal-Mart's stock jumped 20% in 2008, but this year its shares are down about 8%, as investors anticipate a recovery that could get shoppers -- especially the company's new upscale clientele -- thinking about more than everyday low prices.

In uranium we trust

Thu, 03 Dec 2009 12:04:06 EST

With just one more permit from the State of Colorado, Energy Fuels Resources Corporation founder and CEO George Glasier can break ground for the first new U.S. uranium mill since the Cold War.

Turnover trouble hits Obama Inc.

Wed, 02 Dec 2009 16:35:21 EST

The captains of bailed-out companies can't seem to stop bailing out.

Sponsors still standing by Tiger Woods

Thu, 03 Dec 2009 10:14:57 EST

Nike, Gatorade, Gillette and other sponsors said on Wednesday that they will continue their relationships with Tiger Woods, despite new reports of Woods' alleged affair and the golfer's admissions of "personal sins" and "transgressions."

GM chief Fritz Henderson resigns

Tue, 01 Dec 2009 21:06:35 EST

In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.

Auto sales limp towards end of rough year

Tue, 01 Dec 2009 16:35:26 EST

The worst year for U.S. auto sales in decades isn't getting much better yet.

Wall Street puts holiday parties on ice

Tue, 01 Dec 2009 10:33:56 EST

Life might be good again on Wall Street these days, but financial firms are taking pains not to pop the champagne corks this holiday season.

Fed reduces AIG's debt by $25 billion

Tue, 01 Dec 2009 09:47:21 EST

AIG announced Tuesday that it completed a deal wiping out $25 billion of its debt to taxpayers by selling stakes in two subsidiaries to the Federal Reserve Bank of New York.

Henderson's GM departure is no surprise

Tue, 01 Dec 2009 18:26:28 EST

As one veteran Detroit observer put it, General Motors' board of directors gave Rick Wagoner an endless amount of time to flop around, but they nearly strangled his successor Fritz Henderson on a short leash.

Zynga suddenly is everywhere

Wed, 02 Dec 2009 09:48:27 EST

The social gaming company behind FarmVille is seeking the spotlight. Some analysts sense an IPO.

GE, Vivendi near NBC Universal deal - reports

Mon, 30 Nov 2009 22:00:55 EST

General Electric is close to clearing a major hurdle in its path to sell control of entertainment giant NBC Universal to Comcast, according to published reports.

Best Buy wants your electronic junk

Tue, 01 Dec 2009 09:05:39 EST

At a Best Buy store in Roseville, Minn., the traffic in electronics travels a two-way street. Out the door go flat-screen TVs, netbooks, and iPhones. In comes junk -- and plenty of it: TVs that can't decode digital signals, outmoded desktop computers, even the occasional eight-track tape player or ham radio.

Tiger Woods' sponsors stand by their man

Mon, 30 Nov 2009 16:55:38 EST

The sponsors that have made Tiger Woods the richest athlete in the world are sticking with the golfing great, despite rumors swirling around his early-morning car crash on Friday.

AIG shares tumble 15%

Mon, 30 Nov 2009 18:38:34 EST

Shares of AIG plunged nearly 15% Monday after an analyst hacked the insurance giant' price target 40% in a research note on worries about the company's loss reserves.