Oct 12, 2012 The financial sector is doing better than last year on a bumper mortgage business and lower loan-loss reserves.
Oct 9, 2012 The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
Oct 8, 2012 Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009.
Oct 3, 2012 Today T-Mobile and MetroPCS announced a merger, uniting them as the fourth largest wireless carrier in the U.S. The cellphone companies will cater to customers seeking low monthly payments, a rapidly growing mobile segment.
Aug 17, 2012 Spells, curses, potions and psychics are being dropped by the online auction site.
Stacey Vanek Smith
Aug 16, 2012 Big retailers join the race to develop payment systems for mobile phones. But will consumers pay with smartphones instead of credit cards?
Aug 15, 2012 Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter
Jul 31, 2012 Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
Jul 31, 2012 The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.