Money - AOL Money & Finance

IBM smashes Wall Street expectations amid an unsettled technology market that's been sending mixed signals. The company also dramatically increased its full-year profit forecast, sending shares higher in after-hours trading. Quote: IBM

Full Coverage

Comments (0) Permalink

Recession Weighs on Google's Revenue

posted: 1 HOUR 40 MINUTES AGO

filed under: Earnings, Tech News

Getty Images

Search giant Google beats Wall Street expectations for the second quarter, but the results show that the recession is still weighing on Google and the online ad market that generates virtually all of its revenue.
Quote: GOOG

Full Coverage

Comments (0) Permalink

CIT Seeks Private Funds to Avoid Collapse

posted: 3 HOURS 17 MINUTES AGO

Struggling middle-market commercial lender CIT Group is scrambling to line up as much as $3 billion in capital from private investors in a bid to stave off bankruptcy, after being denied government bailout funds. The company needs to bolster dwindling cash reserves as a billion-dollar debt payment looms next month.
Quote: CIT
More DailyFinance: CIT Chief Paid Huge Retention Bonus | CIT is in a Lose-Lose Situation

Full Coverage

Comments (0) Permalink

Yahoo, Microsoft Close In on Search Deal

posted: 3 HOURS AGO

filed under: Tech News

Getty Images

According to sources, analyst William Morrison of investment house Think Equity believes a deal between Microsoft Corp. and Yahoo! Inc. in the search business is "imminent.” If Microsoft can close such a deal, it will have access to up to 30% of the US search market, which would give its new Bing product a chance to thrive. Quote: MSFT | YHOO

Full Coverage

Comments (0) Permalink

Market News

posted: 1 DAY 3 HOURS AGO

filed under: Investing

Market Update

1 of 8

DJIA NASDAQ S&P 500 10yr Note

1day

Full Coverage

Comments (1) Permalink

Paulson Admits Pressuring BofA CEO

posted: 2 HOURS 55 MINUTES AGO

filed under: Financial Crisis

Former Treasury Secretary Henry Paulson says he pressured Bank of America last year to go through with its plans to buy Merrill Lynch but didn't tell the bank's chief to hide losses from shareholders.

Full Coverage

Comments (35) Permalink

Starbucks to Add Beer, Wine to Its Menu

posted: 45 MINUTES AGO

Starbucks is taking down its branding in several Seattle neighborhood stores and replacing it with a new concept and name that will be unveiled in weeks to come. These "Starbucks Stealth" stores are selling the company's high octane coffee as well as wine and beer, similar to the smaller local coffee shops it competes against.

Full Coverage

Comments (0) Permalink

Economist Sees $20 Oil Due to Supply Glut

posted: 6 HOURS 29 MINUTES AGO

filed under: Crude Oil Prices

Getty Images

University of Calgary professor and former U.S. government adviser Philip Verleger says the price of oil will collapse to $20 per barrel this year, as the recession reduces demand far below what OPEC and other oil producers have forecast.

Full Coverage

Comments (0) Permalink

Foreclosures Spike Despite Rescue Efforts

posted: 9 HOURS 32 MINUTES AGO

filed under: Financial Crisis

Foreclosure tracking company RealtyTrac reports that foreclosure filings surged 33 percent in June and nearly 15 during the first half of the year, as homeowners continue to struggle with their mortgage payments. "Despite all the efforts to date, we clearly haven't got a handle on how to address the situation," one expert says.
Also: New Jobless Claims Fall

Full Coverage

Comments (0) Permalink