Business and financial news - CNNMoney.com
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Facebook veteran startups
Six years after Facebook launched, its first wave of employees is heading out the door -- often right into the arms of venture capitalists eager to back their new startups.
Publ.Date : Wed, 08 Sep 2010 07:51:18 EDT
Bono's venture fund stumbles
Publ.Date : Wed, 08 Sep 2010 15:15:13 EDT
Help for homeowners who are still paying
Borrowers who are up-to-date with their payments but have seen their home's value drop way below their loan amount could get help from a new government program.
Publ.Date : Wed, 08 Sep 2010 16:07:42 EDT
Forget peak oil - we have a glut ahead
In May, less than a month after the blowout of the Deepwater Horizon oil rig in the Gulf of Mexico, a key milestone was achieved with little notice: Total U.S. supplies of petroleum and products refined from it (including the Strategic Petroleum Reserve) surpassed 1.8 billion barrels, reaching the highest level in the last 20 years. Since then the total has continued to edge upward, hitting 1.87 billion barrels in the week ended August 27, according to the Energy Information Administration.
Publ.Date : Wed, 08 Sep 2010 15:17:35 EDT
Stocks end higher after Obama speech
Stocks ended Wednesday higher as investors shifted their focus from worries about European banks to President Obama's $350 billion jobs recovery plan.
Publ.Date : Wed, 08 Sep 2010 16:25:05 EDT
Mariner: Just as bad as BP spill
It's never a good time for an oil rig to blow up in the Gulf of Mexico, but Mariner Energy's Vermillion 380 platform couldn't have gone off at a worse time. The government and the media were already scrutinizing offshore drill production in an unprecedented way. Thirteen unlucky workers were ejected off of Vermillion into the water last week. And Mariner inadvertently became the latest part of a national political debate about the safety of offshore drilling.
Publ.Date : Wed, 08 Sep 2010 14:47:53 EDT
Why Wall St. went gaga for Hurd
Publ.Date : Tue, 07 Sep 2010 15:32:40 EDT
Does unemployment $ keep job hunters at home?
Does allowing the jobless to get nearly two years of unemployment checks give them an incentive to not work?
Publ.Date : Wed, 08 Sep 2010 15:33:55 EDT
Cost of Apple's antenna problem
Publ.Date : Wed, 08 Sep 2010 09:24:29 EDT
Google doodle mystery
Publ.Date : Tue, 07 Sep 2010 15:39:35 EDT
Bank bloodbath fears. They're ba-ack! - The Buzz
Have you looked at how big bank stocks have done in the past few months? If so, you can be forgiven if you break into a cold sweat and start worrying about a repeat of the fall of 2008.
Publ.Date : Wed, 08 Sep 2010 14:51:24 EDT
What smartphones really cost
Smartphones may be pretty uniform in price at the store, but what they cost to manufacture - and their price without a two-year contract -- varies wildly.
Publ.Date : Wed, 08 Sep 2010 15:12:32 EDT
Health insurer faces $9.9 billion in fines
California regulators are seeking fines of up to $9.9 billion from Pacificare over allegations the health insurer mismanaged claims from physicians, failed to make payments in a timely matter and other violations.
Publ.Date : Wed, 08 Sep 2010 16:58:11 EDT
Is Hurd really worth $6B?
If it weren't insulting enough that Oracle CEO Larry Ellison publicly blasted Hewlett-Packard for letting Mark Hurd go, it now turns out that HP's loss is Oracle's gain.
Publ.Date : Wed, 08 Sep 2010 06:08:09 EDT
Hurd up for $10M bonus
Oracle Corp. said Wednesday it will pay its new co-president, Mark Hurd, an annual salary of $950,000 and that he could receive a bonus of up to $10 million.
Publ.Date : Wed, 08 Sep 2010 14:53:37 EDT
Obama's bridge, train and road fix
Government transportation spending is full of costly boondoggles.
Publ.Date : Wed, 08 Sep 2010 17:20:52 EDT
Taxes: What you probably forget about Reagan
Those who oppose higher taxes and are fed up with record levels of U.S. debt may pine for Ronald Reagan, the patron saint of lower taxes and smaller government.
Publ.Date : Wed, 08 Sep 2010 16:57:43 EDT
HP sues Hurd
Hewlett-Packard has filed a lawsuit against Mark Hurd, its former chief, to block him from joining Oracle as co-president.
Publ.Date : Tue, 07 Sep 2010 16:58:50 EDT
Google.com goes Instant
One of the Internet's most iconic images -- Google's search screen -- is being overhauled.
Publ.Date : Wed, 08 Sep 2010 16:55:59 EDT
Fed: 'Widespread signs' economy is slowing
The economy grew at a sluggish pace through the summer months, and there are now "widespread signs" thatactivity is slowing, the Federal Reserve said Wednesday in its latest snapshot of regional economic conditions.
Publ.Date : Wed, 08 Sep 2010 15:34:52 EDT
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