Business and financial news - CNNMoney.com

10 states face financial peril

Wed, 11 Nov 2009 15:42:35 EST

The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other states, a new report has found.

Dow hits another 13-month high

Wed, 11 Nov 2009 17:55:14 EST

Stocks ended higher Wednesday, with the Dow industrials finishing at a 13-month high for third straight day, after investor optimism rose on the expectation that interest rates would remain low for some time.

HP to buy 3Com for $2.7 billion

Wed, 11 Nov 2009 17:37:20 EST

Hewlett-Packard Co. announced Wednesday it will purchase networking company 3Com for $2.7 billion, and also preannounced higher fiscal fourth-quarter earnings and raised its outlook for fiscal 2010.

Wal-Mart plans Black Friday all-nighter

Wed, 11 Nov 2009 17:41:35 EST

In preparation for the traditional kickoff of the holiday shopping season, Wal-Mart Stores Inc. announced Wednesday that most of its stores will be open 24 hours for "post-Thanksgiving Day events."

Target's bet: $3 appliances

Wed, 11 Nov 2009 16:53:57 EST

Target is hoping to lure this year's Black Friday shoppers with $3 toasters and coffeemakers, deep deals on high-definition televisions, and discounts of 50% on clothes and toys, according to a Web site that says it has received a leaked copy of the retailer's circular.

Stuffing planes like Thanksgiving turkeys

Wed, 11 Nov 2009 13:16:20 EST

Thanksgiving air travelers can expect crowded planes as a result of the most dramatic capacity cuts since World War II, according to the industry's trade group.

Americans are overpaid

Wed, 11 Nov 2009 15:44:21 EST

Read full story for latest details.

Gold surges to a record high

Wed, 11 Nov 2009 14:57:33 EST

Gold jumped to an all-time high Wednesday as the dollar depreciated, fueling demand for the metal as a hedge against the anemic greenback.

We owe $12 trillion. Want to donate?

Wed, 11 Nov 2009 14:10:23 EST

You've probably heard about the country's giant debt load - $12 trillion and rising.

AIG chief 'frustrated' but staying on

Wed, 11 Nov 2009 16:30:30 EST

Robert Benmosche told his staff on Wednesday that he is "frustrated" with ongoing discussions with the government about bonuses, but he will remain with the company.

6 fuel-efficient car stars

Wed, 11 Nov 2009 09:43:18 EST

These vehicles top their class in fuel economy while offering strong performance, too.

Triple the salary - thanks to nukes

Wed, 11 Nov 2009 10:05:39 EST

Minimum wage to $20 an hour.

China's record debt worries economists

Wed, 11 Nov 2009 12:21:56 EST

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.

Inside Trump's private jet

Wed, 11 Nov 2009 10:49:33 EST

Applied Materials to axe 1,500

Wed, 11 Nov 2009 17:56:41 EST

Applied Materials, Inc. announced Wednesday it will cut between 1,300 and 1,500 employees, or 10% and 12% of its global workforce, over the next 18 months as part of its restructuring plan.

Internet TV: When, dammit?

Wed, 11 Nov 2009 08:00:49 EST

Verizon's ads: $100 per Droid?

Wed, 11 Nov 2009 10:02:34 EST

Free WiFi at 47 airports!

Wed, 11 Nov 2009 07:10:14 EST

Google is planning to foot the bill for WiFi at 47 of the nation's airports for the rest of the year, beginning Tuesday.

Twitter and LinkedIn hook up

Wed, 11 Nov 2009 07:03:02 EST

"Guinness with Tim, Jon and Richard at LIC Bar. Great Monday night in NYC. See ya tomorrow."

Steve Jobs: Hero or creep?

Wed, 11 Nov 2009 09:19:28 EST

Most books on Apple's CEO come in one of three genres that follow his career: Hero, Creep or Creepy Genius.