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Business and financial news - CNNMoney.com
Jobs report crushes stocks
Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
Bank vaults slammed shut to small businesses
Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration's flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in.
Seven banks fail, pushing 2009 tally to 52
Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
FDIC's tough terms for buyers of failed banks
Read full story for latest details.
Health reform: Will companies flee?
It is one of the touchiest issues in the health care debate: Would a government-run health plan upend the employer-based health insurance system used by 160 million Americans?
The public-vs.-private health care battle
As Congress prepares to do battle over health reform, a parallel dispute is shaping up among small-business groups that are staking out opposing positions on a key element of reform proposals: whether Uncle Sam will take on a bigger role in offering insurance coverage or leave the field to the private market.
Stimulus: The cost of high-speed rail
President Obama is pouring $13 billion into an ambitious high-speed rail project. Some say it will never make money. Some say it will. And still others say profit is not even the point.
Sparks still fly in a recession
Never mind the headlines -- for some fireworks companies, there's no slump.
Taking a weed whacker to green shoots
It looks like someone may have sprayed a healthy dose of Ortho Weed B Gon on those economic green shoots.
GM awaits its fate as closing arguments end
Lawyers wrapped up their closing arguments in the GM bankruptcy case Thursday, opening the way for the judge to decide whether to approve or deny the sale of the automaker's assets to a "new GM."
Oil's record high, one year later
One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel
Cash-poor California turns to IOUs
Here come the California IOUs.
BlackBerrys to Bing: Where tech is headed next
Tech competition is heating up: Google vs. Microsoft! Microsoft vs. Apple! Apple vs. Palm! Here's how the second half of '09 is shaping up.
Is free checking on its way out?
The last thing consumers need
In his latest astutely staged gesture as grand economic reformer, President Obama this week directed his Treasury Department to deliver to Congress a 153-page bill creating a new agency to protect unwitting consumers against devious lenders.
Better search for the Twitter age
When Iran cracked down on journalists following its recent election, international focus turned to Twitter as citizen journalists posted 140-character reports and links to photos and videos to the site. Trouble was, it was hard to sift the useful and reliable nuggets of information from scores of tweets that included plenty of spam, useless remarks, and stray sentiments.
Top 10 Steve Jobs highlights
As he returns to work after a serious illness, we take a look at the highlights of Jobs' years at Apple.
Nvidia goes mobile
You say, "potato," I say, "netbook." That's a bit how I feel when Michael Rayfield, who heads up the mobile computing effort at graphics chip specialist Nvidia, drops a tiny computer on my desk. Branded Mobinnova, it had an almost 9" diagonal screen and a solid keyboard that folded around a tube stuffed with batteries and various connectors.
Sirius XM: Auto rebound play
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Steve Jobs back to work
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