Money market funds dip back into eurozone debt

After three years of rapidly unwinding holdings in banks that share the euro currency, U.S. money market funds have dipped back in.

Procter and Gamble cutting 5,700 jobs

Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year. In a presentation to the Consumer Analyst Group of New York, Procter & Gamble CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016.

Stocks close higher on positive economic data

U.S. stocks closed higher Thursday, as investors digested better-than-expected economic news.

Gas price surge: Up 10% this year

Gas prices are surging, and quickly headed toward $4 a gallon, as growing tensions over Iran sparks a run-up in oil prices.

Sears’ survival plan sends stock surging

Sears posted a massive loss Thursday, but it’s betting on a new set of initiatives to help turn things around…and put bankruptcy rumors to rest.

U.S. automakers face tough times in China

No one can be blamed for forgetting Big Trouble in Little China, the 1986 adventure-comedy flop starring Kurt Russell. But U.S. automakers may be starring in its soon-to-be panned sequel: Big Trouble in Big China, with Dan Akerson, Alan Mulally, and Sergio Marchionne in leading roles.

Lin files to trademark ‘Linsanity’

Linsanity Lincorporated?

3 of 4 GOP candidates would add to deficits

Newt Gingrich’s economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren’t among them.

30-year mortgage rate rises above record low

The 30-year fixed mortgage rate rose for the first time in four weeks, relinquishing its all-time record low amid news that the housing market is showing some signs of improvement.

States to manufacturers: We want you ASAP!

Betting on a resurgence in manufacturing, states are aggressively rolling out the red carpet to businesses to set up shop or expand production within their borders.