All the latest finance news from the USA:
- Why foreclosure investors are double-edged sword for economy
The best way to clear the vast inventory of foreclosed properties weighing down today’s housing market is to get more investors involved.
- Party time: Super Bowl spending could hit $11 billion
Why the Big Game will be even bigger this year.
- Luxury suites rule in professional sports revenue
All 137 luxury suites at Lucas Oil Stadium were sold out months before the opening kick-off for Super Bowl XLVI.
- Money Watch: Government retirement? Keep savings diversified
Q: I’m 61 and will retire soon with a government Thrift Savings Plan and a Federal Employees Retirement System. How should it be invested?
- Audi R8 droptop priced above $200,000
Save your pennies, Audi R8 fans. Audi just announced a base price of $210,000 for the limited-edition GT Spyder version of its R8 supercar.
- Internet stocks bounce back
Left for dead more than a decade ago after a bubble and crash of historic proportions, dot-coms and most other tech stocks, are racing back.
- Swiss bank indictment details tax evasion ploys
The U.S. indictment of Swiss bank on tax fraud charges includes colorful details of secret rendezvous and an client code-named “Elvis”
- DEA suspends Cardinal Health’s Lakeland facility’s license
Federal authorities suspended a Cardinal Health facility’s license to sell prescription pain killers from a Florida facility.
- Unemployment rate hinges on more than job gains
When the jobless rate declines, it’s not always because many more people were hired.
- Japanese entrepreneurs aim for Silicon Valley
For emerging generation of Japanese innovators, dream isn’t a job for life at a big firm.
- Mortgage fraud unit co-chair sues biggest banks
Biggest banks accused of deceit, fraud in using electronic mortgage registry; lawsuit says homeowners foreclosed on falsely.
- World’s slowest Maserati aims for speed record
Meet the slowest Maserati in the world. It also happens to be one of the fastest sailboats.
- Micron CEO Steve Appleton dies in crash of small plane
Reports say the plane, a single-engine Lancair, crashed at Boise Airport.
- Reports say manufacturing, service industries surging
Service sector, which employs 9 of 10 U.S. workers, grew at fastest pace in 11 months in January. Manufacturing is picking up, too.
- Dow closes at highest mark since pre-financial crisis
Forecast-busting employment report reinforces hopes recovery in the world’s largest economy is gathering steam.