Traders work on the floor at the New York Stock Exchange in New York, Jan. 2. The 'fiscal cliff' compromise, for all its chaos and controversy, was enough to send the stock market shooting higher Wednesday, the first trading day of the new year. (Seth Wenig/AP)
12:43 pm ET -The House of Representatives passed the budget bill late Tuesday night, a contentious exercise because many Republicans had wanted a deal that did more to cut government spending.
Business (View all)
- Zipcar bought by Avis for $500M cash
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- Fiscal deal will cost you: 8 tax changes
- Food price outlook: Will Buffalo wings break your budget in 2013?
- Despite looming 'fiscal cliff,' world markets calm
- Investors peek over 'fiscal cliff' and find ... blue skies?
- Top 4 New Year's resolutions for your pocketbook
- Stocks fall again with 'fiscal cliff' closing in
- ‘Fiscal cliff’: Will Wall Street light a fire under Congress?
- More than a turnaround, Toyota sees record-breaking sales in 2013
Blogs
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Best value cars? Hybrids.
Prius replaces Honda Fit as best value car, according to Consumer Reports. Although hybrids cost more, they're cheaper to operate. Prius costs owners 49 cents per mile, half the average for gasoline-only cars.
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Baby recliner recall involves 150,000 units
Baby recliner recall: Models from Nap Nanny Generations One and Two and Chill baby recliners had defective design, CPSC says. Four retailers agree to baby recliner recall.
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Fiscal cliff? Here are ways to cushion your fall.
Higher taxes and federal spending cuts would begin to hit all Americans Jan. 1. Here are ways to cope with the 'fiscal cliff.'
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Toyota agrees to $1 billion settlement
Toyota Motor Corp has offered to settle its acceleration case with a payment of more than $1 billion.
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Mattel and Hasbro 'terrified': Do kids want gadgets more than toys?
Mattel and Hasbro terrified that kids will want toys less next year, according to reports. Hot toys did well this Christmas, but retailers in general saw less growth than expected.
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Why are US firms going 'green': CEOs or customers?
The number of large US corporations with a climate, energy strategy has soared in the past five years, a new survey says. Customers, employees are the two major forces pushing change.
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Can you invest in Middle East peace?
There are ways to invest in the economies of Israel and the Palestinian territories, separately – and women's progress in the Middle East, indirectly. But investing in the Middle East is not for the faint of heart.
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Are 'fiscal cliff' woes killing Christmas sales?
In last weekend before Christmas, traditionally a strong sales period, shoppers cite worries over taxes and so-so discounts as reasons to rein in spending. Experts warn of ho-hum holiday sales.
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Burger King spitting suit: Racism in a Whopper Jr.? (+video)
Burger King spitting suit settled out of court: A black man claimed in a federal lawsuit that a white Burger King employee in Pennsylvania spit on his burger. Burger King argued there was no evidence. A judge disagreed.
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Milk prices could double if Congress doesn't act (+video)
Milk prices are poised to move higher next year unless Congress passes legislation to supersede a 1949 law. That law would boost milk prices by forcing up the price at which government buys milk to keep it off store shelves.
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