| Stimulus Phase 2: Infrastructure and jobs
December 16, 2009 at 10:12 pm
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|  The largest stimulus program in the nation's history is starting to move into a new phase: Out with the rescue, in with new spending to create jobs. |
| BofA taps insider as new CEO
December 16, 2009 at 9:10 pm
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|  Bank of America appointed senior executive Brian Moynihan as its new chief executive officer, the company said late Wednesday, putting an end to months of speculation about who would lead the nation's largest bank. |
| Citibank prices equity offering at $20.5 billion
December 16, 2009 at 7:51 pm
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|  Citigroup said Wednesday it intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money and free itself from government restrictions. |
| No deal on estate tax
December 16, 2009 at 7:27 pm
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|  Senate Democrats failed to reach a deal on Wednesday with Senate Republicans to temporarily extend the estate tax into 2010, when it is scheduled to be repealed for one year. |
| Another billion in small biz credit vanishes
December 16, 2009 at 5:42 pm
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|  The small business credit crunch is still deepening: Major banks cut their small business loan balances by another $1 billion in October, according to a Treasury report released late Tuesday. |
| House passes $290 billion boost to debt limit
December 16, 2009 at 4:36 pm
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|  The House on Wednesday narrowly passed a $290 billion increase to the amount of debt the Treasury is allowed to have. Currently, the debt ceiling is set at $12.104 trillion, and if the Senate passes the House-approved increase, it would rise to $12.394 trillion. |
| Fed: Rates to stay low
December 16, 2009 at 2:29 pm
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|  The Federal Reserve kept its key interest rate near 0%, and appears ready to do so for the foreseeable future, after declaring Wednesday that despite signs of improvement, the nation's economy is likely to remain weak. |
| House votes to extend jobless benefits deadline
December 16, 2009 at 2:28 pm
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| The House Wednesday overwhelmingly approved extending the filing deadline for unemployment benefits and the COBRA health coverage subsidy through the end of February. |
| Stocks skid after Fed holds rates
December 16, 2009 at 2:25 pm
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|  Stocks remained higher but lost ground Wednesday after the Federal Reserve left interest rates unchanged, saying market conditions were helping the recovery but weakness will persist. |
| How to fight global warming: Taxes
December 16, 2009 at 2:24 pm
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|  With Copenhagen climate talks looking stalled and the Senate mired in complicated eco-wrangling, is there a simpler way to get the U.S. to reduce the carbon emissions that most scientists blame for global warming? |
| FTC sues Intel over chip dominance
December 16, 2009 at 2:07 pm
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|  The Federal Trade Commission said Wednesday it is suing Intel Corp., the world's largest chip maker, for alleged anticompetitive practices. |
| Fahrenheit 212 is the innovator's paradise
December 16, 2009 at 1:54 pm
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|  There doesn't seem to be a recession on at Fahrenheit 212. Stepping into the boho-chic downtown Manhattan office of this "innovation consultancy" is something like stepping into a time-warp. Cheeky foyer art? Check. (Fahrenheit's is a gorilla beauty queen done in oils.) So many glass walls they ought to be a workplace hazard? Double-check. Completely anachronistic mahogany library, complete with rolling ladder? Does one even have to ask? And everywhere you look, beautiful, bright-eyed people skipping around like it's 1999. |
| Washington's incredible shrinking pay czar
December 16, 2009 at 1:49 pm
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|  The reign of Washington's "pay czar" could soon be coming to an end. |
| Iran's opposition and social media
December 16, 2009 at 12:32 pm
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| Twitter was great for communicating with the West, but other online tools aid increasingly sophisticated activists. |
| 25% chance AAPL hits $325
December 16, 2009 at 11:43 am
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| Holiday travelers: Expect crowded highways
December 16, 2009 at 11:23 am
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|  Expect crowded skies and highways if you're planning to travel this holiday season, as millions more take to the road, according to a forecast issued Wednesday by motorist group AAA. |
| The wide world of index funds
December 16, 2009 at 9:31 am
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|  Select from our sampling of the largest passive portfolios that track either U.S., foreign, or specialty markets. |
| Home construction rebounds from 6-month low
December 16, 2009 at 9:24 am
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|  Home building rebounded from a six-month low in November, with improvement in new home construction in all sections of the nation, according to a government report issued Wednesday. |
| Extreme modifications: 2% mortgages
December 16, 2009 at 9:14 am
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|  At 8 a.m., homeowner Rodney Wynn was drowning under his $1,800-per-month, 13.4% interest rate mortgage. But by 5 p.m., he had found some relief: a 4.7% loan with a $970 monthly payment. |
| Dumber: Greenspan or Madoff?
December 16, 2009 at 8:54 am
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| Stocks set to gain as Fed awaited
December 16, 2009 at 8:47 am
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|  Stocks were set to move higher at Wednesday's open as investors await the latest pronouncement on the economy from the Federal Reserve. |
| Bono's investment firm raising a new fund?
December 16, 2009 at 8:42 am
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| EU drops antitrust case against Microsoft
December 16, 2009 at 7:06 am
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|  The European Union said Wednesday it is dropping antitrust charges against Microsoft after the company agreed to give users the choice of other Web browsers with its Windows operating system. |
| Morgan Stanley drinks the Apple Kool-Aid
December 16, 2009 at 6:28 am
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| Don't let the falling dollar ground your portfolio
December 16, 2009 at 5:55 am
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|  The dollar has fallen for much of this decade, and lately the decline is picking up speed. Already down more than 15% against the euro since March, the buck is expected to sink another 10% by the first quarter. Usually, when a once-strong asset falls this far out of favor, the correct long-term strategy is clear: Be a contrarian and buy. |
| Holiday shoppers waiting 'til last minutes
December 16, 2009 at 4:10 am
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|  Holiday shoppers are procrastinating this season more than they have in the past five years, and are looking for discounts as Christmas nears, according to a retail group's survey released Wednesday. | | | 
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