Category: Business News

How Layaway Is Starting to Resemble the Lottery

How Layaway Is Starting to Resemble the Lottery

One of last year’s feel-good stories for the holidays was the rise of “layaway Santas,” in which random people decided out of the goodness of their hearts to pay off total strangers’ layaway accounts—usually...

Federal Reserve Says Economy Showing Moderate Improvement

Federal Reserve Says Economy Showing Moderate Improvement

The Federal Reserve said Wednesday that the U.S. economy is improving only moderately and still needs its support to help lower unemployment. The Fed took no new action after a two-day policy meeting. It...

Stocks: Investors take a breather

Stocks: Investors take a breather

U.S. stock futureswere little changed Wednesday, as investors took in mixed economic data from China and Europe ahead of more corporate results. Asian markets ended mixed after a report showed China’s manufacturing sector hit...

Europe’s manufacturing gets weaker

Europe’s manufacturing gets weaker

A weak performance by eurozone factories in October suggests the region could fall deeper into recession in the fourth quarter, as businesses shed jobs in the face of declining orders. Preliminary data published Wednesday...

Federal agency to police debt collectors

Federal agency to police debt collectors

For the first time in history, debt collectors — the guys who hound you over unpaid bills — are about to get a tough federal regulator scouring their books. The Consumer Financial Protection Bureau...

Wal-Mart Heir Donates To Obama PAC, Defying Rest Of Billionaire Family

Wal-Mart Heir Donates To Obama PAC, Defying Rest Of Billionaire Family

Jim, Alice, and S. Robson Walton Is there a billionaire political battle brewing in the Walton family? Some might think so after the latest FEC filing for Priorities USA Action, a super PAC that...

Stocks Mauled As Major Misses From DuPont, UPS Overshadow Apple’s iPad Mini

Stocks Mauled As Major Misses From DuPont, UPS Overshadow Apple’s iPad Mini

We knew earnings growth would be hard to come by in the third quarter, but the difficult environment facing some of the world’s biggest companies seems to have been worse than feared judging from...

The next generation of pre-IPO financing?

The next generation of pre-IPO financing?

Buyout firms have a new strategy for reducing portfolio company debt. FORTUNE — I recently wrote about private equity’s golden hangover, or the glut of large-cap companies that remain in PE portfolios after being acquired...

San Francisco 49ers grab another exec from Facebook

San Francisco 49ers grab another exec from Facebook

Exclusive: Silicon Valley’s football team has made another big hire, taking its new CFO from the ranks of Zuckerberg’s nearby talent farm. By Daniel Roberts FORTUNE — On the heels of a breakthrough season...

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

25 Years Later: In the Crash of 1987, the Seeds of the Great Recession

“History doesn’t repeat itself, but it does rhyme.” This quote, often attributed to Mark Twain, resonates with us for its pithy description of an irony we encounter everyday: In a world marked by rapid...