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MPS News Feed |
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msnbc.com: Business
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Msnbc.com is a leader in breaking news and original journalism.
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Mortgage deal leaves most left on their own
“You’re hardly skimming the surface,” one expert says of the $25 billion settlement between the government and major banks. And the details are still undecided.
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Waffle House offers special menu for Valentine's Day
For one day only, the paper napkins are gone and reservations are recommended as the venerable Southern diner chain makes special dinners for sweethearts. WALB's Dayne Young reports.
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Tribe sues brewers, stores over liquor problems
An American Indian tribe sued some of the world's largest beer makers Thursday, claiming they knowingly contributed to devastating alcohol-related problems on South Dakota's Pine Ridge Indian Reservation.
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What the mortgage settlement means to you
If you are underwater on your home or struggling to pay your mortgage, you are probably wondering whether you can expect relief under a $25 billion settlement reached by state and federal officials with the nation's biggest banks.
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Stocks edge higher after Greek debt deal
Stocks edged higher on Thursday after Greece reached a deal to secure a financial bailout, but investors took a wait-and-see attitude in a market that is extended after weeks of gains.
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Jobless claims drop to almost a four-year low
The U.S. labor market got another jolt of good news Thursday when the government reported new claims for jobless benefits dropped to almost the lowest they have been in four years.
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Postal Service posts $3.3 billion loss
The U.S. Postal Service reported quarterly losses of $3.3 billion, and says that at the rate it's going, it will run out of money by October.
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Shoppers love Costco in Consumer Reports survey
 When it comes to pleasing customers, Costco does a better job than any other major retailer in the country. At least that is the conclusion from an extensive survey conducted by Consumer Reports.
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Oh nuts! Diamond Foods fires management
Shares of Diamond Foods fell off a cliff Thursday after the company removed its top management and said it would restate its financial statements for 2010 and 2011.
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Cheapism: The best mattresses for a budget
 By Kara Reinhardt, Cheapism.com Could an old mattress be responsible for a lackluster love life? A recent survey found that almost a quarter of respondents with a mattress more than 10 years old report less romance in their lives — and most blame the mattress.
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Gen Y remains upbeat, thanks to mom and dad
For younger workers these days, it isn’t easy growing up and getting a good job in the real world. Thankfully, an increasing number of parents don’t expect them to.
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Banks, Fed settle on $766.5M foreclosure fines
The Federal Reserve announced on Thursday that as part of the larger $25 billion foreclosure settlement agreed to by U.S. banks and states that it was imposing penalties totaling $766.5 million on five U.S. banks over their mortgage servicing practices.
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Tassimo coffee makers recalled over burn risk
Home-brewed coffee lovers, take note: More than a million popular coffee makers are being recalled after dozens of reports of the brewers spraying hot liquid, coffee grounds or tea leaves onto people.
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Kodak (camera) moments are coming to an end
Eastman Kodak, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and digital picture frames in a bid to cut costs.
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'Undercover' lessons surface for female CEOs
 The waterworks probably made the boys in the boardroom wince. When Dina Dwyer-Owens listened to an employee’s sob story on “Undercover Boss,” she wept in front of 9 million TV viewers.
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Greek leaders agree on austerity pact for bailout
Greek political leaders have clinched a deal on austerity measures needed to secure a bailout to keep the country afloat, two government sources said on Thursday.
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PepsiCo plans to cut 8,700 jobs
Snacks and beverage maker PepsiCo said Thursday it plans to cut 8,700 jobs in a restructuring as it seeks to offset commodity costs and increases investment in marketing in North America.
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Ford CEO Mulally stays on amid executive shakeup
Two of the most senior and respected members of the Ford Motor Co. management team will retire, the automaker announced Thursday morning.
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Engineer who gave Obama resume still jobless
A semiconductor engineer who sent his resume to the president is still seeking work because the job offers were outside North Texas.
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Groupon surprises by failing to net a profit
 Groupon has surprised Wall Street by failing to make a profit since becoming a publicly-traded company in late 2011.
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