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Business News for Wednesday February 8, 2012
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She then completely overhauled the 1972 property with the help of interior designer and architect Stephen Shadley. The project took nearly two and a half years, but not long after Aniston moved in, she was ready to move on. Photos courtesy of Realtor.com.By Jessica Dickler, staff writer NEXT: Where privacy and security are key Last updated May 06 2011: 5:51 AM ET.. more
NEW YORK (CNNMoney) -- More than 80% of Americans surveyed say the economy is in poor shape, with unemployment still the public's top concern, according to the latest CNN/Opinion Research Corporation survey. Not everyone is down in the dumps. Seventeen percent of Americans say the economy is somewhat good. Only 1% say the economy is very good. And that's pretty much the same way Americans have a.. more
Top Tweeters: Social media champsThis group of companies is all about Tweeting, Facebook Liking and Linking In -- among other social media tools -- in order to better connect with and serve their customers.@google• NEW! Fortune 500+: Your tool for getting inside America's biggest companies Followers: 3,012,238 Google hasn't been able to come up with its own killer social platform, but.. more
NEW YORK (CNNMoney) -- AIG reported a first quarter loss Thursday, moving the insurer back into the red after the bailout recipient showed signs of life with a strong final quarter to close out 2010. AIG reported a loss from continuing operations of $1.41 per share for the first three months of the year, compared to a profit of $2.16 per share over the same period a year ago. For U.S. taxpayers,.. more
NEW YORK�(CNNMoney) -- U.S. investors await the monthly jobs report Friday, with stock futures indicating a higher open after the report's release. Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures rose between 0.2% and 0.3%, but the 8:30 a.m. ET monthly jobs report is likely to affect those gains. Futures measure current index values against perceived future per.. more
NEW YORK (CNNMoney) -- On the one-year anniversary of the infamous 'flash crash' that sent the Dow industrials plunging nearly 1,000 points in less than 20 minutes, questions remain about how prepared markets around the world are to stop a similar event. "The SEC has done a good job to create an infrastructure, but in other markets creating this type of infrastructure is not as easy," said Larry .. more
NEW YORK (CNNMoney) -- The nation's jobs recovery suffered a setback last week, but quirkiness in the measure of weekly unemployment claims clouded the picture. Americans filing for their first week of unemployment benefits surged last week, the Labor Department said Thursday. The number of initial claims rose to 474,000 in the week ended April 30, up 43,000 from the week before. It was the high.. more
NEW YORK (CNNMoney) -- The yield on the benchmark 10-year note has had a rough 12 months. It started 2010 with a bang, opening at 3.85% in January and topping 4% in April. A mere year later, the 10-year yield is struggling to stay above 3%. And experts say it's lucky to even be there. "Bond buyers are not happy buyers right now," said Michael Cheah, bond fund manager at SunAmerica. "They're forc.. more
NEW YORK (CNNMoney) -- Oil prices plunged more than 8% Thursday as weak economic data and a strengthening dollar drove crude to its biggest one-day drop since April 2009. The main U.S. oil contract for June delivery settled down $9.44, or 8.6%, to $99.80 a barrel. That's its lowest level since mid-March and marks its biggest one-day percentage drop in two years. Brent crude, the European benchmar.. more
NEW YORK (CNNMoney) -- Yahoo CEO Carol Bartz has a well-known proclivity for salty language. She'd fit in swimmingly at a stevedore convention. Or in a Martin Scorsese movie. So in that spirit, I ask the following question: Is Yahoo (YHOO, Fortune 500) a good @*#!%&#buy right now? Some long-suffering shareholders seem to be saying, "Bleep yeah!" Shares of Yahoo are up nearly 11% this year and th.. more
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