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Home / Business News for Sunday May 20, 2012
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NEW YORK (CNNMoney) -- Remember how last year's controversial health care reform law was supposed to be the death knell for drug stocks and other medical companies? That hasn't exactly happened.
Health care stocks have been among the market's better performers this year.
The Health Care Select Sector SPDR (XLV), an exchange-traded fund that includes top pharmaceutical companies, biotechs, medica.. more
NEW YORK�(CNNMoney) -- U.S. stocks fell into negative territory in afternoon trading Tuesday, as corporate earnings and a steep drop in the price of oil weighed on the broader market.
The Dow Jones industrial average (INDU) dropped 42 points, or 0.3%;the S&P 500 (SPX)lost 10 points, or 0.7%; and the Nasdaq Composite (COMP) shed 36 points, or 1.3%.
The biggest drag on blue chips was Pfizer.. more
NEW YORK (CNNMoney) -- Apparently people don't like paying $5 to withdraw their own money from an ATM.
JPMorgan Chase (JPM, Fortune 500) said Monday it has finished testing $4 and $5 ATM fees for non-customers in two states, and it is now going back to the $3 fees it previously charged.
Earlier this year,the bank had been testing a $5 ATM fee in Illinois and a $4 ATM fee in Texas -- both for non.. more
NEW YORK (CNNMoney) -- Grisha Stpanov opened a credit card, charged up $20,000, but never paid it back.
That's because Stpanov doesn't exist.
Stpanov, or at least his credit profile, was the creation of Arman and Wachagan Hovhannisyan, two brothers from California who were accused of scamming 21 banks and the three major credit reporting bureaus by inventing hundreds -- possibly thousands -- of .. more
NEW YORK (CNNMoney) -- The Internet uses more electricity in America than the auto industry uses to make cars and trucks.
Yet despite all the talk about the nation's aging power grid, utility experts say they can easily handle the additional demand.
In a way, for energy producers, the huge increase in usage by companies like Google (GOOG, Fortune 500) and Facebook is a godsend. Electricity deman.. more
Now it's available to rent for $20,000 a month.
Photos courtesy of Realtor.com.By Jessica Dickler, staff writer
NEXT: Bedroom
Last updated May 03 2011: 6:16 AM ET.. more
NEW YORK (CNNMoney) -- In the decade between Sept. 11, 2001, and the death of Osama bin Laden on Sunday, the U.S. government has spent hundreds of billions of dollars with the aim of making Americans safer.
Agencies were created, expanded or given new missions. The government hired thousands of new employees to analyze intelligence, track terror financing and support the nation's rapidly expandin.. more
NEW YORK (CNNMoney) -- The fallout from lawmakers' delay on the debt ceiling is getting real.
Treasury Secretary Tim Geithner said Monday that he would start taking "extraordinary measures" this week to keep the country's debt below its legal limit.
In a letter to Congress, he also said that he now estimates he can keep the country out of default until Aug. 2, three weeks later than he estimated.. more
NEW YORK (CNNMoney) -- Keep paying higher taxes or face deep, painful cuts in services. Those are the options Californians are faced with.
But if the Democratic governor and Republican lawmakers can't reach a compromise, the people of California might not have a choice in the matter.
To help close the $26.6 billion budget shortfall the state is facing, Governor Jerry Brown wants to let residents.. more
NEW YORK�(CNNMoney) -- U.S. stocks were set to open lower Tuesday, as investors shift focus back to the economy, and await auto sales and factory orders.
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were all down about 0.4% ahead of the opening bell. Futures measure current index values against perceived future performance.
On Monday, U.S. stocks finished s.. more
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