The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
Wall Street Seeks Direction; Data in Focus
The markets were in search of direction on Thursday, with stocks at the highest levels in three months, as traders considered economic data from the U.S. and China.
GM CEO Buys 25,000 Shares in U.S. Automaker
General Motors Co Chief Executive Dan Akerson spent more than $508,000 to buy 25,000 shares in the U.S. automaker, boosting his stake by 10 percent, according to U.S. regulatory filings.
Cargill Fiscal 4th Quarter Net Slides 82% on Trading, Processing
Cargill Inc. reported an 82% slide in fiscal fourth-quarter profit, citing tough trading conditions in beef and soybean processing and an economic and political environment that the agribusiness group has said distorts the pricing of risk.
Paraguay Seeks to Sell Less Itaipu Energy to Brazil, Get Better Prices
Paraguay's new government, dissatisfied with the prices it gets from selling energy to Brazil from the world's biggest hydroelectric dam, is seeking to attract energy-intensive industries to the country to boost its revenues.
EARNINGS FORECAST TABLE: RWE AG First Half Of 2012
The following is a summary of analysts' forecasts for RWE AG's (RWE.XE) first-half results, based on a poll of 10 analysts conducted by Dow Jones Newswires (Figures in millions of euros.
USPS Loses $5.2B, Warns of Low Cash
A week after suffering its first-ever default, the U.S. Postal Service reported its net loss widened to $5.2 billion last quarter and warned it might not be able to borrow money this fall without legislative help.
MARKET SNAPSHOT: U.S. Stock Indexes Edge Higher
U.S. stocks tallied mild gains Thursday as an unexpected drop in jobless claims gave investors impetus to extend the market's recent rise.
CPSC: GE Recalls 1.3 Million Dishwashers on Fire Hazard
General Electric Co. (GE) is recalling about 1.3 million of its dishwashers after receiving reports of heating element failures that led to fires, the U.S. Consumer Product Safety Commission said.
E*Trade Ousts Chief Executive, Names Chairman As Interim CEO
E*Trade Financial Corp.'s (ETFC) board dismissed Chief Executive Steven Freiberg and named its current chairman, brokerage industry veteran Frank Petrilli, to be the company's interim CEO while it conducts a search for a replacement.