Latest financial news - CNNMoney.com

From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

• Stocks fall on Europe worries
  

  Posted: 1 hour ago

  U.S. stocks slumped at the market's open Tuesday, as renewed worries about European banks and the global economy weighed on investors coming back from the long Labor Day weekend.

• Startups flock to Twitter headquarters
  

  Posted: 1 hour ago

  Sharing ideas and office space in the tech field are as common as sharing APIs, but the collaborative spirit runs especially deep at San Francisco's 795 Folsom Road.

• Stocks poised to slip
  

  Posted: 2 hours ago

  U.S. stocks were poised to slip Tuesday, as optimism from the previous week faded and renewed worries about European banks and the global economy weighed on investors.

• What went wrong with Gardasil
  

  Posted: 2 hours ago

  There's a liquid drug that women can get injected into a layer of muscle -- three separate times over a six-month period -- that can protect them from a kind of cancer. From a scientific perspective, that's amazing. In terms of public health, it's a breakthrough.

• Orszag: Extend Bush tax cuts for 2 years
  

  Posted: 2 hours ago

  Peter Orszag, who recently stepped down as President Obama's budget director, called for a two-year extension of the Bush tax cuts in an article he wrote in the New York Times on Tuesday.

• The new young investor: Shunning stocks
  

  Posted: 2 hours ago

  When 18-year-old Robert White decided to jumpstart his retirement plan, he invested his life savings of $25,000 into an aggressive mutual fund.

• Soros gives $100 million to human rights group
  

  Posted: 2 hours ago

  Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday.

• Kia in management shakeup after recall
  

  Posted: 2 hours ago

  South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned.

• Britain's Barclays names American as CEO
  

  Posted: 3 hours ago

  British-based Barclays PLC announced Tuesday that American-born executive Robert E. Diamond Jr. will replace John Varley as chief executive officer of the global banking company next year.

• Mark Hurd lands at Oracle
  

  Posted: 3 hours ago

  Mark Hurd, who abruptly resigned last month as chief executive of Hewlett-Packard, has landed at another big tech company.

• Obama to introduce another business tax cut
  

  Posted: 4 hours ago

  In another move aimed at stabilizing the still-shaky economy, President Barack Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official.

• GM's long overconfidence game
  

  Posted: 5 hours ago

  In 1982, General Motors closed its manufacturing plant in Fremont, Calif. The location, far from Detroit auto suppliers, was considered among the worst-performing assembly lines in the company's system. Roger Smith had become GM's chairman the year before Fremont was closed, and he had begun to think of ways to reorganize the car company. He knew there was a problem; he just wasn't sure what it was, exactly, or how to fix it.

• A reward for responsible homeowners
  

  Posted: 5 hours ago

  The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but you're still making payments because you want to stay in your home -- and you're actually honorable. You're paying for everyone else's bailout, but because you have no equity in your house, you can't refinance to take advantage of the ultra-low mortgage rates that Uncle Sam's bailout strategy has produced. To use the technical term, you're being screwed.

• Four unexpected economic bright spots
  

  Posted: 5 hours ago

  Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery.

• Wall Street faces an economy at a 'crossroads'
  

  Posted: 6 hours ago

  Stocks started September with a bang as investors cheered a rare dose of good economic news but investors may need to buckle in for the coming week: It's a holiday-shortened week with little on the docket to set the tone.

• Johnson & Johnson CEO Bill Weldon's painful year
  

  Posted: 10 hours ago

  What started last year as a series of small drug recalls at Johnson & Johnson exploded this summer into a full-blown crisis in quality control. But for months there was nary a peep from CEO Bill Weldon.

• World markets rally, Nikkei gains 2%
  

  Posted: 21 hours ago

  World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.

• 81% rate U.S. economy as 'poor' - CNN poll
  

  Posted: Sep 5 2010 at 6:42 am

  A new national poll released Sunday indicates that eight in 10 Americans say that the economy is in poor shape, and the number that say conditions are very poor is on the upswing after steady declines through the spring.

• Obama's economy boost - just don't call it stimulus
  

  Posted: Sep 3 2010 at 2:54 pm

  President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.

• Dollar slips on return to risk
  

  Posted: Sep 3 2010 at 10:23 am

  As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.