Economic News on Your Mobile


To get a jump on Black Friday, stores open on Thanksgiving

Put the turkey on autopilot.

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Drywall investigation expands into U.S. products

A federal probe of tainted Chinese drywall has broadened because a small number of homeowners are reporting that American-made drywall is causing some of the same problems: a sickening, sulfurous stench and corroded pipes and wiring.

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Does Toyota floor-mat recall solution go far enough?
GM working with the blind to give electric cars a little noise

General Motors will announce Wednesday that it's working with one of the largest advocacy organizations for the vision-impaired to find ways for the next-generation electric cars to make enough noise that pedestrians can hear them coming.

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Americans' tax burden is lightest in developed world

You'd never know it from all the cable news chatter, but Americans bear the lightest tax burden in the developed world.

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Fed credit card tips coming to big screen near you

Movie theater audiences can now add another item to the list of things to expect before the film actually begins: Federal Reserve advice about credit card use.

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Tesla may build Model S electric car in California

Tesla Motors is close to a deal to build an electric car factory at the site of a former NASA manufacturing plant in Downey, Calif., a blue-collar city south of Los Angeles, Mayor Mario Guerra said Tuesday.

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Stocks push higher after drop in jobless claims

A drop in unemployment claims and a rise in home sales pulled the stock market higher in light trading ahead of Thanksgiving.

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Share your holiday shopping horror stories

Black Friday kicks off the holiday shopping season on Nov. 27. Are you planning to bag Black Friday, Cyber Monday and the rest of the holiday shopping season altogether, because of a bad shopping experience?

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AIG, former CEO Greenberg reach pact to settle disputes

American International Group Inc. has agreed to settle all legal disputes with its former chairman Maurice "Hank" Greenberg, the company said late Wednesday.

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Toyota to replace gas pedals on 3.8M recalled vehicles

Toyota Motor said Wednesday it will replace accelerator pedals on about 4 million recalled vehicles in the United States because the pedals can get stuck in the floor mats, another blow to the reputation of the world's largest automaker.

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New-home sales up; mortgage rates match record low

Sales of new homes rose last month to the highest level in more than a year as strong activity in the U.S. South offset weakness in the rest of the country.

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In a mixed bag of economic news, jobless claims fall

Three reports delivered mixed news on the economy heading into the Thanksgiving holiday: The good news is that unemployment claims fell and consumer spending rose; the bad news is that orders for durable goods fell.

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Washington Post to close remaining U.S. bureaus

The Washington Post will close its remaining U.S. bureaus in New York, Los Angeles and Chicago at the end of the year to save money and will focus news efforts on covering its home turf.

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The spirit of this season: Be thankful, spend less

Sometime in the 1980s, when he was living on the street, the kid who later became the seminal rapper KRS-One stopped at the Bowery Mission for a sandwich. He doesn't recall what kind, only that it was served with respect.

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Airlines fined for overnight stranding in Minnesota

The federal government fined three airlines $175,000 Tuesday for stranding passengers on a plane overnight at the Rochester, Minn., airport in August.

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Black Friday prompts stronger store security for shoppers

Retailers are beefing up security for Friday's rush of bargain-hunting customers, pledging better control of waiting lines, more in-store assistance and longer hours.

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Galleon's Raj Rajaratnam attacks insider-trading charges

Lawyers for a hedge fund executive charged in a broad insider-trading investigation Tuesday denied Securities and Exchange Commission charges that he used non-public data on Google, Hilton and other firms to gain an improper edge on other investors.

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Microsoft says cost-cutting CFO to step down

Microsoft says its chief financial officer is departing at the end of the year.

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Green Mountain sweetens bid for Diedrich Coffee

Green Mountain Coffee Roasters (GMCR) sweetened its offer for Diedrich Coffee (DDRX) by $2 a share on Tuesday, matching a rival bid from Peet's Coffee & Tea (PEET).

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