Health Spending is Key in U.S. Budget Impasse
The biggest difference between President Barack Obama and Republican plans on spending and over the next decade or so is in healthcare, although smaller, but significant spending differences remain in other categories. The U.S. debt, currently at $14.3 billion will grow by trillions of dollars under budget plans from both sides.
Greece sell-off plans fail to quell debt worries
Greece laid out plans to sell stakes in key state firms and make further budget savings on Friday but failed to quell fears of debt restructuring fanned by a German official's comments.
Wall St rises on economic news
Encouraging economic indicators sent U.S. stocks higher on Friday, but the market's recent struggles are set to continue into next week when more than one-fifth of S&P 500 companies report results.
Fed's Hoenig worried on inflation; Evans not
To judge by their polar opposite reactions, two top U.S. Federal Reserve officials could have been looking at completely different sets of U.S. inflation data on Friday.
Lady Gaga releases her new single “Judas”
Lady Gaga was supposed to release her new single Judas on April 18, but Capital FM in London played the song Friday, during the radio station's Home Run program.
Solar Activity Increasing; More Auroras In Store (VIDEO)
NASA scientists watching the sun are bracing for a big jump in solar activity as the quietest period in decades comes to an end.
Skype Vulnerability Exposes User Information, Account Balance
Holes in the program leave the user profile information, conversation logs, account balance, addresses, and cell phone number easily accessible.
Morgan Stanley fund fails to repay debt on Tokyo property
A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone and other investors, the largest repayment failure of its kind in Japan.
With Lubrizol, Buffett a chemical industry baron
Here's something you may have missed amid all the hoopla about Warren Buffett's Lubrizol buyout: the Oracle of Omaha is now a baron of the global chemical industry.
U.S. inflation up but seen contained longer term
Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumers grew more confident about the economy in early April.
U.S. inflation contained, bucks global price trend
Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.
Obama: Online Fraud Costs The Average Victim 130 Hours, $631
President Barack Obama continues pushing cyber security with the introduction of the National Strategy for Trusted Identities in Cyberspace (NSTIC).
Fed's Evans says underlying inflation still low
The Consumer Price Index data for March was in line with low underlying inflation, a top U.S. Federal Reserve official said on Friday, adding it is too early to determine whether commodity price spikes are playing a role.
What are the shows replacing All My Children and One Life to Live?
ABC announced it will be canceling two daytime soap operas, All My Children and One Life to Live.
Ireland gets thumbs-up from EU/IMF
A Moody's downgrade and growing speculation Greece may eventually restructure its debt took the shine off Ireland's thumbs-up from the EU and the IMF Friday for its efforts to claw its way back from crisis.
Five Reasons Not To Buy A BlackBerry PlayBook
Here are five reasons to stay away from the premature PlayBook - at least until RIM plugs the tablet's holes.
Merrill Lynch boosts assets, adds advisers
Bank of America Corp's Merrill Lynch brokerage business provided a bright spot in an otherwise dismal first quarter for the bank, reporting sharply higher revenue and client assets as well as a net increase of nearly 200 financial advisers.
T. Rowe Price funds report stakes in Facebook
A number of T. Rowe Price Group Inc mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media firm at $25 per share.
Schwab's profit up on higher fees; shares rise
Charles Schwab Corp , the largest U.S. discount brokerage, posted higher-than-forecast earnings as rising stock markets fueled increased trading and fees from clients, sending the stock up more than 2 percent.
Merrill dangles rich signing bonuses to top brokers
Merrill Lynch is giving some regional managers permission to offer unusually high upfront signing bonuses to attract top-tier brokers from rivals, according to several recruiters.
Instant view: Consumer sentiment rises in April
Consumer sentiment rose more than expected in April as worries about the impact of higher oil prices on economic growth eased slightly, a survey released on Friday showed.
Consumer sentiment rises in April: survey
U.S. consumer sentiment rose more than expected in April as worries about the impact of higher oil prices on economic growth eased slightly, a survey released on Friday showed.
Messi gets the better of Ronaldo
Lionel Messi, and not Cristiano Ronaldo, is on the way to greatness according to Barcelona and Netherlands legend Johan Cruyff.
T. Rowe Price mutual funds buy into Facebook
A number of T. Rowe Price Group mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media company at $25 per share.
Data lifts Wall St but Google weighs on tech
Stocks rose on Friday as encouraging economic indicators overshadowed disappointing results from Bank of America and Google.
Core inflation ticks up, may support Fed stance
Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumers grew more confident about the economy in early April.
U.S. stages most challenging missile-defense test
The U.S. military said it shot down an intermediate-range ballistic missile target over the Pacific on Friday in the most challenging test yet of its work on a planned antimissile shield for Europe against Iran.
BofA profit drops on foreclosure delays
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
Luxury spending by rich to rise
Rich Americans are expected to spend an extra $26.6 billion on luxury goods this year but they will do so with an eye toward value as the country recovers from recession, a poll released on Friday found.
MeeGo sees interest from others after Nokia shift
Technology firms such as LG Electronics are moving toward adopting the Linux-based MeeGo operating system after Nokia abandoned it, one of the project's leaders said.
