A new report from the Federal Reserve shows that the median net worth of the American househeld is down 40 percent since 2007 and income is down 7 percent.
The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.
Despite troubling bribery allegations, shareholders partied at the giant retailer's annual meeting this week to live performances by big-name celebs like Justin Timberlake, Aerosmith and Celine Dion.
The National Academy of Engineering is recommending that oil and gas companies spend millions on a modified blowout preventer. This is the $45 million device that failed and caused the BP oil spill in the Gulf of Mexico.
The Lakers, the Clippers and the Kings all in the playoffs at the same time this year. That spells big money for the Staples Center and busy times for the people who transform the sports arena from a basketball court to hockey rink.
Credit card companies already get a piece of the transaction when consumers use PayPal or Bango to make payments with mobile technology. But can they really compete in the new world of mobile payment?
