| Business and financial news - CNNMoney.com |
Stocks set for sharp drop
Stocks looked set for a sharp decline at Friday's open as AIG's big loss raised credit jitters and soaring oil prices fanned inflation concerns.
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Citigroup's grand plan
D-Day for Citigroup is Friday - and thank heavens it's finally arrived.
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Why Microsoft isn't buying Facebook
When Microsoft walked away from its blockbuster bid for Yahoo, the media sought desperately to keep the news coming when there wasn't much left to say. That seems to be how The Wall Street Journal came up with the notion that Microsoft had approached Facebook about an acquisition. It's not true.
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Trade gap narrows in March
The gap between the nation's imports and exports narrowed in March, as imports fell more than exports, according to a government report released Friday.
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Why inflation is not the big problem
Suddenly inflation is the word on everyone's lips. But as much as they might like to, policymakers cannot forget about a bigger problem - the lingering effects of the credit crunch.
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Americans barely surviving on credit
These days, more and more people are saying "Charge it."
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Gas prices hit 2nd straight record
Retail gasoline prices have jumped to yet another record high, drivers' advocacy group AAA's Web site showed Friday.
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Clear Channel reports profit, revenue jump
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Lease vs. buy property? GM picks latter
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House OKs controversial housing plan
The House on Thursday passed a contentious foreclosure-prevention package, which still faces a veto threat from the White House and an uncertain fate in the Senate.
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Protect yourself from higher taxes
Last week, the federal government began sending out more than $100 billion in "tax rebates" to millions of Americans in an effort to stimulate the sluggish economy.
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AIG posts $7.8B loss on bad bets
American International Group Inc., the nation's largest insurer, reported losses of nearly $7.81 billion for its fiscal first quarter and said it would seek to raise $12.5 billion in capital to shore up its balance sheet.
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Victory lap for Iron Man of super-hero flicks
If Stan Lee is the father of the modern comic book super-hero, then Avi Arad is the godfather of the modern super-hero movie - at least those that were adapted from Mr. Lee's creations for Marvel Comics.
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Airlines hike fares as fuel costs soar
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Google seeks Yahoo ad partnership
Read full story for latest details.
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