COMPANIES

Wall Street Week Ahead: Markets Edgy on Debt-Talk Stalemate

A trader works on the floor of the New York Stock Exchange
Much of the United States may be frying in near-record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling has kept markets on edge, and investors are still waiting for a breakthrough that leads to a deal to avoid a devastating default.
Traders work on the floor of the New York Stock Exchange

Stocks Fall, from Debt Ceiling Stalemate

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
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Gold hits new high as debt talks stall

Gold rose to fresh record high on Monday as talks over lifting the debt ceiling appeared to be stalling just days before the August 2 deadline, raising the prospect of a debt default.
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China Fake Apple Store Managers Claim Products Are Real

Investigations are underway as over four retail shops, in the southern Chinese city of Kunming, were discovered to be posing as fake Apple stores. Customers and even staff were fooled by the Apple products, whether they were real or selling fakes counterfeit versions. The store itself has been impressive in terms of decorating and matching furniture to legitimate Apple stores.
China, Counterfeit Haven Creates Fake Apple Store and More (Photos)

China, Counterfeit Haven Creates Fake Apple Store and More [PHOTOS]

The recent revelation of fake Apple stores located in the southwestern Chinese city of Kunming,Yunnan highlights its infringing patents and copyrights culture. Visitors are fooled by elaborately constructed replicas of commercial products in China known as a counterfeit haven.

Forcibly Administer Psychotropic to Loughner, Judge Rules

A federal appeals court rejected a move by Jared Lee Loughner's lawyers that would have stopped him from being forcibly drugged as he awaits trial for a shooting rampage that left a congresswoman with brain damage, and six dead.

McDonald's McChallenge: Keeping Up With the McCafe, Enhanced Menu

McDonald's is on a roll, increasing second quarter profits in a lackluster market. The company has fared well with success from its McCafe beverages and other menu enhancements, but the additions can be complicated in a fast food restaurant. How McDonald's handles continued menu enhancements will determine the company's success from this point going forward.
Mortgage Rates Hit All-time Low

Five Tips for U.S. Home Sellers

There's no way to sugarcoat it: the U.S. housing market remains a buyer's market. That said, are there ways home sellers can better-position their home for a sale amid such intense competition? Indeed there are, and here are five.
At Issue: U.S. Economy

Does GE Provide a Snapshot of the U.S. Economy?

Is there a way to get a quick-read on the U.S. economy, for those who are time-pressed, and don't have time to review the latest economic reports from the U.S. Federal Reserve? Indeed there is: review the performance of diversified industrial giant General Electric (GE).
Microsoft offers $250K Reward to Fight Hackers

Can Microsoft Survive the PC Slowdown?

Microsoft beat Q4 earnings expectations on Thursday with most business units driving double digit growth, but its flagship Windows arm continues to be burdened by sluggish PC growth.
James Murdoch

Did James Murdoch Know about 'For Neville' Email?

The News of the World scandal is creating diverging accounts of who knew what when it came to media executive James Murdoch's recent testimony about a phone hacking before a parliamentary panel in London.
GE CEO Jeff Immelt

GE's Immelt Overcoming Welch's Legacy

GE chairman and CEO Jeff Immelt had big shoes to fill in following Jack Welch as the company's leader. He's faced stiff challenges, but he's reshaping the company and starting to win.

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