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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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Jobless claims surge as companies retrench
The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy.
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Ford posts $8.67 billion loss, looks to small cars
Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles.
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No sign yet of a bottom in home prices
 As millions of American homeowners watch their home equity melt away or can’t move they are wondering: When will house price stop falling?
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ConsumerMan: Capricious credit card rates
Of 22 major financial institutions contacted, 17 (that’s 77 percent) said they reserve the right to increase a cardholder’s interest rates at any time and for any reason.
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Dow Chemical profit tumbles 27 percent
Dow Chemical Co. said Thursday that despite record sales and two double-digit price increases unveiled in the second quarter, its profit for the period fell 27 percent.
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Southwest profit rises on fuel savings
Southwest Airlines says its profit rose in the second quarter as the company saved money on fuel, and revenue increased 11 percent.
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Some small trucks get dismal crash test ratings
 The latest crash tests by the insurance industry raise safety questions about small pickups, which are drawing more interest because they get better mileage than larger trucks.
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Oil edges up after big drop a day earlier
 Oil prices edged up Thursday after shedding nearly $4 a barrel in the previous day’s session on concerns that high fuel prices are dampening demand in the world’s biggest energy consumer.
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Can I use regular instead of premium?
With gas hitting record highs almost daily, some drivers might be wondering if they can use regular instead of expensive premium gas. The answer: Check your owner’s manual.
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10 Tips: Furniture shopping on the cheap
Are you trying to furnish a room or section of your home in this tough economy? These tips can help you consider your options and save some of your hard-earned cash.
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Top Windows exec to leave Microsoft
Microsoft Corp. says the executive in charge of its Windows and Web operations is leaving the company.
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Newsweek: U.S. economy surprisingly strong
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Minimum wage earners see new raise vanish
About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices are swallowing it up, and some small businesses will pass the cost of the wage hike to consumers.
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Boom in oil, corn prices seems to be ebbing
The boom in commodities appears to be taking a breather, cooled by a weakening economy and a milder Mother Nature.
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McDonald’s sees profits; changing dollar menu
McDonald's says it swung to a profit in its second quarter, helped by a gain from selling its interest in a gourmet sandwich chain and strong sales of breakfast items, chicken sandwiches and beverages.
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