Mid-day Update - Most Commented
May 24, 2012
The main newspaper in New Orleans, which received praise in its Katrina coverage, has announced budget cuts which will mean staff layoffs and a reduction in print editions to three days a week.
May 23, 2012
If you're looking for a safe place to park your money, think Ford. Moody's has boosted the automaker's debt to investment-grade, giving a thumbs up to a long financial turnaround for the company. Today, struggling tech giant Hewlett-Packard will announce whether the company will shed tens of thousands its workers. With Memorial Day approaching, parents begin to consider summer plans and the value of camp for their kids. This week Target launched a line of Gay Pride T-shirts on its website in time for Gay Pride month in June which may help mend fences between the retailer and the gay community.
May 23, 2012
According to a recent survey by TheKnot.com, the average wedding in the U.S. now costs over $27,000. But Americans aren't the only ones throwing their money towards the perfect nuptials.
May 22, 2012
There's a new warning this morning from the Organization for Economic Cooperation and Development that says the 17 nations that use the euro are at risk of falling into a severe recession. It's been two years since the BP Oil Spill in the Gulf of Mexico, and today officials from government are looking at one item central to that spill: the blowout preventer. As soon as next week, Southwest Airlines could get clearance to build a brand new international terminal at Houston's Hobby airport -- but one competitor is doing its best to thwart those plans.
May 21, 2012
Gas prices continue to soar in the U.S., but Americans haven't yet flocked to alternative fuels like natural gas in a big way. Billionaire investor T. Boone Pickens expected us to -- but after being one of the industry's biggest supporters, he's now backed out of natural gas stocks all together. In New York last night, tens of thousands of orthodox Jews gathered at Citi Field to discuss the pros and cons of using the Internet. And America's second largest movie theater chain, AMC, has been bought by one of China's largest real estate developers, creating the world's largest cinema chain.
May 21, 2012
This past weekend, "Battleship" failed to meet expectations while" The Avengers" managed to keep raking in the cash.
May 18, 2012
Happy Facebook IPO Day! The company priced its IPO yesterday at $38 a share, for a market valuation of $104 billion. But just exactly how is Facebook going to live up to that market cap? On the table at the House of Representatives are big budget cuts for the military; one of the casualties of defense budget cutting is the $45 million Technology Innovation Program. The U.S. Commerce Department has announced steep tariffs on solar panels from China. And this year, the cost of going to prom is a bit higher than usual.
May 17, 2012
Shareholders of Chesapeake Energy are asking a judge to delay the company's annual meeting so they can get more information about their CEO's compensation and his personal financial interest in drilling natural gas wells. Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. What is a joint venture, and why is it worthwhile for companies? And Los Angeles sports fans -- and the Staples Center -- are flying high as three of the city's pro teams are in the playoffs.
May 17, 2012
The best laid advertising plans could be thwarted by a new service from Dish Network -- the satellite TV operator -- that lets users skip commercials all together.
May 16, 2012
There are new concerns this morning of a banking crisis in Greece, after the country's political parties failed to come together and form a coalition government. This week's Facebook IPO could mean big things for the California state budget. And in Atlanta this morning, the world's busiest airport welcomes its first passengers to a brand-new, $1.4 billion international terminal.