Archive for June 2nd, 2008

Stocks tanked Monday afternoon on new bank sector woes sparked by management shakeups at Wachovia and Washington Mutual and news that S&P cut its debt rating on a number of financial firms.

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In a settlement today, two former executives admitted that they had, indeed, been engaging in secret discussions about a leverage buy-out of the company.

European telcos are likely to subsidize Apple's new version of the iPhone, say analysts.

You got burned with frequent flier miles, which were nearly impossible to redeem and hardly worth the hassle, so credit card issuers turned to other kinds of incentives to entice you to charge more. But most rewards programs aren't much better, and consumers are still eager to sign up for them despite the same old traps.

Stocks tumbled Monday afternoon following management shakeups at two banks and news that S&P has cut its debt ratings on a number of financial services firms.

Read full story for latest details.

Weeds stand waist high on the front lawn of the wood-frame, single-family house in Cleveland's Slavic Village neighborhood. Trash spills out open doorways into the driveway and yard.

Oil's relentless rise has been a major concern for investors and consumers. But is the worst over regarding the spike in energy prices?

A key index of manufacturing rose in May, surprising economists, but the purchasing managers' report issued Monday indicated a fourth straight month of sector contraction.