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House OKs bill to modify mortgages
March 5, 2009 at 7:18 pm

Read full story for latest details.

Worst is yet to come for job market
March 5, 2009 at 6:10 pm

It's no secret that the job market is bad.

Record 31.8 million on food stamps
March 5, 2009 at 4:00 pm

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What's with Jesus and the chicken business?
March 5, 2009 at 3:59 pm

Sanderson Farms had to make a crucial decision last year about corn feed, one of the poultry seller's major costs. Chairman and CEO Joe Sanderson looked at several metrics, then had "a big prayer meeting" aabout whether or not to lock in feed prices, which had then skyrocketed to $8 a bushel.

Exxon: Still banking on oil
March 5, 2009 at 2:42 pm

Exxon Mobil detailed Thursday just how it plans on keeping the world supplied with oil - and how it'll keep making money doing it.

11% of mortgages are troubled
March 5, 2009 at 2:39 pm

More than 11% of all mortgages are either delinquent or in foreclosure, according to an industry report released Thursday.

Can MySpace get its mojo back?
March 5, 2009 at 2:30 pm

MySpace, the News Corp.-owned social networking site, is off to a rough year. Growth has slowed (the number of U.S. visitors has hovered around 75 million for the last seven months), top talent is leaving the company, and like other media companies, it is feeling the effects of the slowing economy: a MySpace executive this week told FORTUNE that ad sales dipped in January and February.

Citigroup breaks the buck
March 5, 2009 at 2:11 pm

Citigroup logged another dismal milestone Thursday, as shares of the beleaguered bank slipped below $1 a share.

Do insurers need a bailout?
March 5, 2009 at 2:06 pm

If you're an insurance company hoping for a government handout, unless your name is AIG, you've been out of luck so far.

Northrop Grumman cutting 750 jobs
March 5, 2009 at 2:00 pm

Read full story for latest details.

Health crisis: 'A bankruptcy every 30 seconds'
March 5, 2009 at 1:58 pm

The Obama administration is hosting a summit Thursday designed to cure a frustrated patient battling a persistent ailment: The United States and its rising health care costs.

Uninsured Americans: 86.7 million
March 5, 2009 at 1:44 pm

One out of three Americans under 65 went without health insurance at some point during 2007 and 2008, according to a report released Wednesday.

Stocks hit again
March 5, 2009 at 1:41 pm

Stocks fell to new 12-year lows Thursday after a litany of grim developments: GM said its survival is in doubt, bank shares took a beating and Citigroup fell below a buck.

Treasurys climb
March 5, 2009 at 1:37 pm

Treasurys rose Thursday as grim economic and corporate news sent stock prices sharply lower.

Oil falls under $44
March 5, 2009 at 1:27 pm

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The new sheriff
March 5, 2009 at 1:24 pm

Bernie Madoff's talent for eluding capture may be weighing on her mind today, but Mary Schapiro's path in life was charted by an earlier money scandal: the Hunt brothers' audacious attempt to corner the world's silver market in the late '70s.

SEC tightens review of complaints
March 5, 2009 at 1:15 pm

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Fed wants to keep AIG secrets
March 5, 2009 at 12:50 pm

Officials shouldn't reveal which Wall Street firms pocketed billions of dollars in the government's bailout of AIG, a top Federal Reserve official said.

Exxon Mobil: We can ride out low prices
March 5, 2009 at 12:38 pm

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Mortgage rates hold steady
March 5, 2009 at 11:46 am

Mortgage rates remained flat last week, as President Obama unveiled a $75 billion plan to help prevent foreclosures.

Dollar spikes after BOE, ECB rate cuts
March 5, 2009 at 10:53 am

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Ford raises the restructuring bar
March 5, 2009 at 10:40 am

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Make your own HD movie
March 5, 2009 at 10:08 am

The rise of high-definition video is good news for just about any small business. Whether you're promoting your new clothing line with clips from a fashion show or sending video progress reports of the house that you're building for a distant client, it's easier than ever to shoot breathtaking HD movies and upload them to the Web. (HD video has more than double the lines of a regular TV picture.)

After a layoff, is it risky to take a health test?
March 5, 2009 at 9:34 am

Dear Annie: I lost my job in a restructuring in early 2008, and have spent most of the time since then training for a new career. I'm still covered by COBRA, so I have health insurance now, but that will expire in a couple of months, so I'll have to go get my own insurance. My family has a history of Huntington's Disease - my father, grandfather, and an uncle all had it or have it now - and I would like to get the genetic test that shows whether I have the defective gene that causes this terrible illness. Knowing one way or the other would help me plan better for things like how much retirement income I might need to cope with extra medical expenses, or how heavily to invest in long-term care insurance. Here's my question: If I get the test and it comes out positive, can insurers turn me down for medical insurance? -Just James

Confusing credits for homebuyers
March 5, 2009 at 7:01 am

Question: I purchased a home last December and qualified for a $7,500 first-time homebuyer's tax credit that I must repay. But I now see that the stimulus package is offering an $8,000 first-time homebuyer credit for purchases from January 1 through November 30, 2009 that doesn't have to be repaid. Will I still have to pay back the $7,500 even though I bought my house just two weeks before the beginning of this year? This sort of timing would be just my luck. --Jeremy, West Lafayette, Indiana

GM: 'Substantial doubt' about continuing
March 5, 2009 at 6:51 am

General Motors Corp. said Thursday that it hopes to get additional loans from the government and that there is "substantial doubt" about the automaker's ability to remain a "going concern."

Demand down for foreign worker visas
March 5, 2009 at 6:38 am

Kevin Chou has had his fair share of visa woes. For the past two years running, his Silicon Valley social networking start-up, Watercooler, has applied for an H-1B work visa for the same Canadian employee. Both times, the petition lost out in the government's annual visa lottery, which selected only 85,000 from a pool of more than 120,000 hopefuls.

China's hard landing
March 5, 2009 at 6:29 am

In the early evening light, on a block that once bustled but is now deathly quiet, Li Zhong-he walks to the front gate of the factory where he used to work. There he looks for his name on a sheaf of papers. They are notices from a local administrative court, granting small unemployment payments to workers like Li and the hundreds of others who were left without jobs when their company, Hejun Toy Manufacturing, ceased operation.

No momentum for stocks
March 5, 2009 at 4:54 am

U.S. stocks may find it tough to follow through at Thursday's open on a big rally that took the Dow and S&P off 12-year lows.

Underinsured Americans: The cost to you
March 5, 2009 at 4:38 am

Americans already shouldering the cost of millions of people without health insurance should brace for a double-whammy, thanks to a surge in the number of "underinsured" - consumers who have some but not enough health insurance coverage.

Underinsured Americans: The cost to you
March 5, 2009 at 4:37 am

Americans already shouldering the cost of millions of people without health insurance should brace for a double-whammy, thanks to a surge in the number of "underinsured" - consumers who have some but not enough health insurance coverage.

Chinese premier promises economic growth
March 5, 2009 at 4:20 am

The National People's Congress -- the marquee event of China's political calendar -- opened Thursday with Premier Wen Jiabao pledging economic growth amid a growing national deficit and the global financial crisis.

Venezuela nationalizes Cargill operations
March 4, 2009 at 9:18 pm

Venezuelan President Hugo Chavez said Wednesday he had ordered the nationalization of at least some of the operations of the U.S.-based food giant Cargill and threatened to do the same with the Caracas-based food maker Polar.

Subpoenas issued to 7 Merrill execs
March 4, 2009 at 9:10 pm

Read full story for latest details.

HP: Weak demand through '09
March 4, 2009 at 7:02 pm

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China: Investment is crucial
March 4, 2009 at 6:49 pm

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