P&G Brings Back Lafley; Google Faces New Antitrust Probe
P&G is bringing back A.G. Lafley as president and CEO, while Google reportedly is facing a new investigation into its dominance of Internet ads.
market news
Retirement Game: Average 401k Balance Reaches Record High
Fidelity Investments says the average 401k balance has jumped to a record high of nearly $81,000 dollars in the first quarter. But most workers don't expect to retire at 65.
Specter of Higher Interest Rates Weighs on Markets
Fed Chairman Ben Bernanke warns the central bank could begin winding down its bond buying program later this year, adding uncertainty that's likely to weigh on markets.
Saks Weighs Selling Itself; Sony Considers Big Move
Shares of the upscale retailer Saks (SKS) are set to rally for a second straight day, following reports that the retailer is reviewing its business strategy.
Dow, S&P End at Records on Fed Officials' Reassurance
US stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased concerns about the end of stimulus programs.
Scrutiny Awaits Heads of JPMorgan, Apple
Apple chief Tim Cook testifies on Capitol Hill today about the huge cash horde it has sitting overseas, while JPMorgan CEO Jamie Dimon's fate awaits a shareholder vote.
Suitors Circle Hulu; Yahoo Bets Big on Tumblr
The business week starts with potential buyers circling around Hulu, while Yahoo is making a big bet on social media.
J.C. Penney's Latest Earnings Confirm Grim Warning
J.C. Penney had said its quarterly results would be weak. They were, and then some. The retailer posted a loss more than double the deficit of last year, and sales fell 16%.
Wall Street Sags After Fed Comments, But Cisco Surges
U.S. stocks fell on Thursday, with the downturn accelerating after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.
CEO Pay Rises Modestly, Still Dwarfs Workers'
A survey of major companies says CEO pay rose just 3.6% from the year before, not all that much different than the 2.3% pay hike given to the average worker. And yet...
Facebook IPO Scammers Arrested
Federal officials in New Jersey have charged three men with scamming an investor in New Zealand into paying $3 million for Facebook shares he never received.
Dow, S&P 500 End At Record Highs Again
The Dow and S&P 500 hit new all-time highs Wednesday in a broad market rally as the recent upward momentum persisted. The Nasdaq too hit its highest level since November 2000.
John McCain Pushes for a la Carte Cable
Sen. John McCain is pushing a bill to allow TV viewers to pay for only the channels they watch. He says consumers would save money if cable companies weren't able to bundle.
Google CEO Larry Page Discloses Health Condition
Google CEO Larry Page is suffering from a rare and chronic medical condition, a paralysis of both vocal chords. Page says it's improving, and he continues to run the company.
Networks, Losing Viewers, Show Advertisers New Schedules
Viewers are abandoning old TV networks in droves, yet advertisers are still willing to pay big bucks. CBS, NBC, ABC and Fox have all lost viewers, but ad revenue may increase.