Financial News Stories
The Smart Money’s Expectations for the iPhone 5
July 29 at 11:55 AM Apple is widely expected to announce the iPhone 5 at its live event in San Francisco on Wednesday, but will the device live up to the hype?
UBS Whistleblower Gets $104 Million From IRS
July 29 at 11:55 AM First, the government threw Bradley Birkenfeld in prison for helping a former client at UBS AG hide his wealth from the Internal Revenue Service. Now, as part of the same case, the IRS has awarded the ...
Oil Rises, but Choppy Awaiting Fed, German Court
July 29 at 11:55 AM NEW YORK (Reuters) - Oil prices rose on Tuesday in choppy trading as expectations that the U.S. Federal Reserve will act to bolster the economy and that a German court will approve a euro zone rescue plan put pressure on the dollar and boosted crude futures. Fed policy makers conclude their two-day meeting on Thursday. Some analysts and investors expect the U.S. central bank to launch a third round of bond-buying because of recent weak U.S. economic data. Additional stimulus would likely weaken the dollar and boost dollar-denominated oil prices. ...
Ford CEO Mulally Likely to Retire By End of 2013
July 29 at 11:55 AM Ford Motor Co CEO Alan Mulally is likely to retire by the end of this year, Bloomberg has reported.
Zuckerberg: We'll Make More on Mobile Than Desktop
July 29 at 11:55 AM Mark Zuckerberg gave a few clues to Facebook's future direction in his first interview since the company went public. The stock rose over 2% after-hours as he spoke.