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  • Home Depot soars, stocks fall in uneven trading

    Home Depot earnings beat expectations, sending its stock up 3.6 percent. Despite signal of housing recovery from Home Depot results, 'fiscal cliff' in US and postponement of aid package for Greece drag down broader market.

  • Eurozone, IMF clash over Greek debt as deadline looms

    IMF chief Christine Lagarde and European financial ministers debated today over how to prevent Greece from collapsing, even as Athens faces mandatory debt payment on Friday.

  • Bernard Madoff lawsuits end with $210M settlement

    Bernard Madoff victims will get $210 million in a settlement reached by the bank BNY Mellon. The settlement is expected to mark the end of lawsuits stemming from the Bernard Madoff scandal and return nearly all of the original investments to those who were defrauded. 

  • Stock market edges up on stronger housing report

    The stock market ended mostly higher Tuesday after a surprisingly strong housing report. Better results from Mattel, Goldman Sachs, and Johnson & Johnson also shot the stock market higher.

  • The 'fiscal cliff' looms. Ways to soften the tax bill blow.

    When the 'fiscal cliff' hits at the end of the year, automatic tax increases will push up taxes on income and capital gains and dividends. Here's how taxpayers can minimize the potential damage. 

  • Timothy Geithner pressures SEC to change money-market rules

    Timothy Geithner is putting pressure on the Securities and Exchange Commission to overhaul its rules for money-market mutual funds. Geithner warned that without an overhaul to the money-market system, US financial stability would remain threatened. 

  • Europe unrest reverberates on Wall Street

    A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.

  • Spain's troubles worsen, sparking new phase for euro crisis

    Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.

  • Five ways big banks' Libor scandal affects you

    London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

  • Spain dithers: Stocks fall, borrowing costs rise

    Stock markets fall as investors grow nervous about Spain's delay in asking for a bailout. Spain's bond yields rise, but bond auctions generate strong response.

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Danny Bent poses at the starting line of the Boston Marathon in Hopkinton, Mass.

After the Boston Marathon bombings, Danny Bent took on a cross-country challenge

The athlete-adventurer co-founded a relay run called One Run for Boston that started in Los Angeles and ended at the marathon finish line to raise funds for victims.

 
 
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