Business News

Dec 2, 2008 | 1 comment

Every season seems to have a must-have toy that parents will pay anything to put under the tree. This year the must-have toy is the one you can afford.

Dec 4, 2008 | 1 comment

Netflix has announced their video-on-demand streaming service will be expanded to TiVo, Mac, and Xbox systems

Dec 4, 2008

These will be decidedly unhappy holidays for hundreds of thousands of workers who won't have jobs thanks to the steep economic downturn and the financial crisis

Dec 4, 2008

Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big...

Dec 4, 2008 | 1 comment

Watch out for phony money this holiday season. Clever Kansas counterfeiters are bleaching small bills, then reprinting them as $100 bills.

Dec 4, 2008 | 7 comments

AT&T says it is cutting 12,000 jobs, or about 4 percent of its work force, because of the economic downturn.

Dec 4, 2008 | 1 comment

A period of relative calm on Wall Street has ended with stocks tumbling in the last hour of trading amid growing investor anxiety about the government's key November employment report.

Dec 4, 2008 | 23 comments

GM CEO Rick Wagoner drove 500 miles through four states on his way to Washington, hoping for a bailout.

Dec 3, 2008

Rents and home prices in several Brooklyn neighborhoods have outpaced those in Manhattan.

Dec 3, 2008

From the owner of the small adult store near you, to video directors, to promoters, women executives have quietly become integral to the world of adult entertainment.

Dec 3, 2008 | 4 comments

The heads of the Fed and Treasury are signaling that they plan to take  more steps to ease credit and jump-start the economy.

Dec 3, 2008

Oil prices are expected to stay around $50 a barrel through next year, but that may not give much of a boost to consumer spending, the economy or stocks.

Dec 3, 2008

Wall Street has withstood another stream of bad economic readings, shaking off its disappointment and closing sharply higher after an erratic session.

Dec 3, 2008

This year the economy is playing Scrooge and office holiday parties may get the humbug treatment.

Dec 3, 2008

World markets were mixed Wednesday, failing to get much impetus from Wall Street's rebound as pervasive concerns about the dismal outlook for the world economy dominated sentiment.

Dec 3, 2008

The credit crunch now has a strangle-hold on the high-end jewelry market. Collectors who dropped hundreds of million of dollars on shiny rocks a few years ago are thinking twice about their next purch...

Dec 2, 2008 | 2 comments

Buyers returned to Wall Street Tuesday, sending stocks higher in a session that was marked by indecision even as the Dow Jones industrials closed up 270 points.

Dec 2, 2008 | 2 comments

Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC

Dec 4, 2008 | 16 comments

Auto execs returned to DC today, leaving their private jets at home and promising paltry salaries in return for a bailout.

Dec 2, 2008

Gloom and volatility returned to Asian markets Tuesday as investors dumped stocks following huge overnight losses on Wall Street and dismal U.S. economic reports revived fears of a global recession. Oil prices fell to three-year lows.

Dec 1, 2008 | 9 comments

Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down nearly 700 points.

Nov 30, 2008

Next month, gamblers here will be able to run through the corridors wearing Santa hats while chasing Hooters girls; gaze at four miles of multicolored lights and 100 feet of fake snow, and attend a Sexiest...

Dec 1, 2008 | 1 comment

Who isn’t worried about their job right now? No matter how high up on the organization chart, any executive who isn’t looking over his or her shoulder these days needs a reality check.

Dec 1, 2008 | 27 comments

The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.