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A sign hangs on the headquarters of CIT Group seen in 2009 in New York City. Business lender CIT Group said Monday it would prepay 750 million dollars on its 7.5 billion dollars in debt, marking a step toward recovery under the new leadership of Wall Street heavyweight John Thain.(AFP/Getty Images/File/Spencer Platt)AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.



Light snow falls on a row of unsold 2010 Prius sedans at a Toyota dealership in Lakewood, Colo., on Sunday, Feb. 7, 2010. Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and will notify the U.S. and Japanese governments Tuesday, Feb. 9, a news report said, as a top executive is scheduled to testify before U.S. lawmakers over recall woes that have tarnished its reputation for quality and safety. (AP Photo/David Zalubowski)AP - A week after brake problems surfaced with its Prius, Toyota still has yet to say whether it will recall the popular hybrid — and analysts say further delays could be devastating to the automaker's already damaged reputation.



AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.

PlayStation and Wii versions of Madden NFL 10, an Electronic Arts game, are seen on display at Best Buy in Mountain View, Calif., Monday, Feb. 8, 2010. Electronic Arts Inc. is showing a smaller net loss in its last quarter even though its video game sales declined.  (AP Photo/Paul Sakuma)AP - Electronic Arts Inc. narrowed its net loss in the last quarter but video game sales declined, and a disappointing outlook for the company sent its shares down sharply Monday.



FILE - In this Oct. 24, 2008 file photo, a man watches stock prices at the Nasdaq MarketSite in New York's Times Square. Nasdaq OMX Group Inc. said Monday, Feb. 8. 2010, its fourth-quarter profit rose 23 percent on lower impairment charges and taxes at the global exchange operator compared with a year ago.(AP Photo/Mark Lennihan, file)AP - Eroding market share and weaker trading volumes hurt Nasdaq OMX Group Inc.'s fourth-quarter revenue, but sharply lower taxes and fewer charges helped the global exchange operator report better-than-expected profit growth.



FILE - In this Nov. 27, 2009 file photo, Deborah Lima checks out a Transformers toy at a Wal-Mart store in Marietta, Ga. Hasbro Inc. on Monday, Feb. 8, 2010 said strong sales of boys' brands including Transformers and Nerf helped Hasbro post a better-than-expected fourth-quarter profit, sending shares up 11 percent, briefly touching a 52-week high. (AP Photo/Gregory Smith, File)AP - Strength in its boys' brands like Transformers and Nerf, along with its core game brands including Scrabble and Monopoly, should boost Hasbro's results in 2010, the company said Monday.



A sign hangs on the headquarters of CIT Group seen in 2009 in New York City. Business lender CIT Group said Monday it would prepay 750 million dollars on its 7.5 billion dollars in debt, marking a step toward recovery under the new leadership of Wall Street heavyweight John Thain.(AFP/Getty Images/File/Spencer Platt)Reuters - U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery's pace persist and fears linger over Europe's sovereign debt woes.



AP - North Dakota has the lowest unemployment in the nation and a booming oil industry. But with its good fortune has come an unexpected problem: homelessness, as desperate job seekers flow into the state looking for work.
AP - Forward Air Corp., which provides air freight services to cargo carriers and airlines, reported Monday that its fourth-quarter profit plunged nearly 23 percent as its sales fell 4.4 percent.

Vehicles drive past the Athens Stock Exchange in Greece on Monday, Feb. 8, 2010. The Greek exchange remained locked in a bear session Monday, with shares falling around 3.7 percent in afternoon trading, even as European stocks rebounded on hopes Greece won't be allowed to default on its crushing debt load. The center-left government is putting the final touches to draft tax reforms meant to boost ailing state coffers, which saw a 12.7 percent budget shortfall last year.   (AP Photo/Petros Giannakouris)AP - Is there any way out of Europe's debt morass?



U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ...

Indian farmers sell fruits and vegetables in Hyderabad on February 5. India's economy should grow 7.2 percent in the fiscal year ending in March, an official forecast said Monday, as the economy's recovery from the global financial crisis picks up speed.(AFP/Noah Seelam)AFP - India's economy should expand by 7.2 percent this fiscal year, the government forecast Monday, as growth heads back to the robust levels seen before the global financial crisis.



AP - Clothing retailer Limited Brands Inc. says it will pay a quarterly dividend of 15 cents per share.

In thie Feb. 2, 2010 photo, new Beazer homes are under construction in Gilbert, Ariz.  Beazer Homes USA Inc. posted a $48 million profit in its fiscal first quarter Friday, Feb. 6, thanks to a $101 million tax gain.(AP Photo/Matt York)AP - Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.'s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain.



FILE - In this Jan. 5, 2010 file photo, Jason Kilpatrick of Wholesale Fuel hauls a hose across a snow covered yard while delivering home heating oil in Framingham, Mass. Natural gas prices climbed Monday, Feb. 8 as another winter storm was expected to dump even more snow on the East Coast. (AP Photo/Charles Krupa, File)AP - Energy prices climbed Monday as another winter storm was expected to dump even more snow on the East Coast.





TIME.com Top Business Stories
TIME.com Top Business Stories
Business News, Personal Finance News, Technology News on TIME.com

President Obama and adviser Paul Volcker are calling for banks to stop engaging in proprietary trading. Is this smart? Is it even possible?
Cable giant Comcast is changing the name of its core products to Xfinity. Does the new name convey cutting-edge innovation or pornography?
Posting your celebrity twin is the latest ill-advised viral fad to take over the popular social-networking site
Blockbuster earnings and a nimble response to market trends keep online retailer Amazon in favor on Wall Street, even as competitive threats grow
Americans are taking the wrong message from Asia's economic success. Heavy-handed state control isn't the future; increasingly, it's on the way out
Model recalls, repairs and a chiding from Transportation Secretary Ray LaHood all point to a precipitous decline in Toyota's fortunes. But some saw this day coming many years ago
For the first time in nearly a quarter-century, Pepsi won't run a Super Bowl advertisement, choosing instead to focus on a social-media campaign. Can a brand now afford to skip the big game?
The German government has agreed to pay a reported $3.5 million for stolen bank details of some 1,500 suspected tax evaders, a move that some warn couldlead to a black market for personal electronic data
Honda looks like the big winner from Toyota's accelerator recall
Across the European Union, governments are borrowing more to drag their economies out of recession, putting the entire bloc in financial peril and bringing euro-zone countries Greece and Spain close to default
Roy Smith, a finance professor at New York University and a former Goldman Sachs partner, believes that Washington and regulators need to intervene to make financial markets safer
Lax state laws of incorporation allow shell companies to operate freely in the U.S., helping the Russian mafia, drug cartels, and still, even some terrorists.
If the Apple iPad really wants to be a device that you might take on a business trip instead of the laptop, it's going to need a little more document-centrism
Most economists are cheering the 5.7% GDP growth rate estimated for the U.S. 4th quarter. But increasingly people are asking whether there's a more holistic way to measure a nation's growth
In President Obama's State of the Union address, he mentioned a proposal to offer tax credits to businesses that hire workers. It sounds promising -- and expensive -- but would it really work?


CBSNews.com
Latest Business Headlines - CBS News
Read the latest Business headlines on CBS News, covering news stories, videos and pictures of world and US news, as well as news in politics, health, sports and business.

Embattled Automaker Plans Global Recall to Address Hybrid's Brake Problems, Media Reports Indicate
More than 106 Million People Watched Saints Beat Colts, Surpassing the 1983 Finale of "M-A-S-H"
Automaker Has Relationships with Some of the Same Lawmakers Investigating Safety Issues
Unconfirmed Reports of Pending Recall Over Brake Trouble, But Still No Indication What will Happen in U.S.
CIT Entered Bankruptcy Protection in November, 2009
Germany's SAP Says CEO Apotheker Has Resigned, Will Be Replaced By 2 Co-chief Executives
"CBS News RAW": Beijing's "I'm looking for you" supermarket is giving the city's singles a new way to look for love. In their few months of operation, the market has attracted more than 1,000 clients.
During the Super Bowl, some viewers actually find the commercials almost as exciting as the game. Now, some ad companies are looking to their fans for creative help. Anthony Mason reports.
Toyota is already trying to solve a gas pedal problem in millions of cars, but soon the Japanese automaker will address a new issue, bad brakes on thousands of Prius hybrids. Manuel Gallegus reports.
In Letter to Dealers Automaker Says Plan to Repair Brakes on 270,000 Prius Cars Will Be Announced in Coming Week
Wants Congress to Fund Job Creation Effort, as GOP Chides President on Budget and Debt
The national unemployment rate has fallen to 9.7 percent, as economists say that this could signal a potential rebound for the jobs market and the overall economy. Anthony Mason reports.
Akio Toyoda, the chief of troubled automaker Toyota, offered an apology to customers as the number of consumer complaints continue to grow. Dean Reynolds reports.
News of Bonus Eagerly Awaited by Wall Street; Blankfein Can't Cash Shares for Five Years
Stock Market Ends Week With Slight Gain Friday Amid Mixed Jobs Report, Debt Worries


FOXNews.com Live Bookmark
FOXNews.com
FOX News Channel - We Report. You Decide.

Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.
Pandemic, BioWare to change ownership, join 'Madden' team.
Disney plans to sell a line of products called Disney Garden.
Online encyclopedia to move cross-country in January to hub of tech world.
Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.
The business software maker confirmed today it offered BEA Systems $17 per share, a 25 percent premium over Thursday's closing price of $13.62.
AT&T Inc. said on Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.


ABC News: Money
ABC News: Money

What does the Super Bowl win mean for the stock market?

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Super Bowl - sport - Investing - Business - Stocks and Bonds
Want a weather forecast? Try asking pals on Wall Street. There are trillions of dollars of trades riding on commodities and other weather-related products, making meteorologists an indispensable part of the financial landscape.

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Meteorology - Weather forecasting - Weather - Wall Street - United States
Toyota dealers in five southeast states have pulled their commercials off ABC TV local affiliates, complaining about the coverage of Toyota safety problems by ABC News and its chief investigative correspondent Brian Ross.

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Toyota - Brian Ross - Television - American Broadcasting Company - Auto

Web site lets anyone submit, influence product ideas and earn money along the way.

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Business - Money - Web Design and Development - FAQs Help and Tutorials - Home
Are you using Facebook or Twitter to find the best holiday deals? ABC News wants to hear from you.

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Facebook - American Broadcasting Company - Toyota - Arts - Television
With the increasingly difficult economy, people are using their credit cards more and more, and studies find that most people participate in a credit card rewards program. Those programs may carry rewards for airline miles, cash back, retail discounts, shopping points or a variety of other benefits. Mellody Hobson, president of Ariel Investments and "GMA" personal finance contributor, visited the show to explain which credit cards are best for consumers.

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Credit card - Personal finance - Mellody Hobson - Loyalty program - Business
Elisabeth Leamy give tips on saving big on your trips to the supermarket.

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Television - Arts - Programs - Reality-Based - Big Brother
Goldman Sachs CEO Lloyd Blankfein received a bonus of $9 million, all in stock, far below the $100 million that was rumored.

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Lloyd Blankfein - Goldman Sachs - Business - Investing - Stocks and Bonds
Suggesting movies is risky business. User picks reveal more than you may think.

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Business - Netflix - Customer Service - Customer Management - Business Services
While the rest of us were negotiating curfews and cramming for the SATs, some of the world's most successful entrepreneurs ditched high school to start building their fortunes.

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SAT - Education - High school - school - K through 12
Artists encase a home in ice to draw attention to the housing crisis.

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House - United States - Haiti - Travel and Tourism - Caribbean
Recession proof celebrities

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People - Celebrities - Lindsay Lohan - Arts - Image Galleries
Chinese-born spy gets more than 15 years for Calif. espionage case involving space shuttle

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Espionage - United States - California - Southern California - Crime and Justice
Lilly CEO's pay jumps 54 percent in first full year as drug maker's leader

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Health - Drugs - Eli Lilly and Company - War on Drugs - Illegal


Reuters News
Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

NEW YORK (Reuters) - The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
(Reuters) - Toyota Motor Corp will suspend domestic production of its Sai and Lexus HS250h hybrids, which are to be recalled for faulty brakes, the Nikkei newspaper reported on Tuesday.
NEW YORK (Reuters) - A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
CHICAGO (Reuters) - Boeing Co flew for the first time its twice-delayed 747-8 Freighter, a significant milestone in the history of the legendary 747 family and a step that could bolster the credibility of the world's second-largest plane maker.
SAN FRANCISCO (Reuters) - Electronic Arts Inc disappointed investors again with weaker-than-expected earnings and revenue forecasts, driving shares of the game publisher about 9 percent lower.
NEW YORK (Reuters) - The U.S. job market improved in January for the fifth consecutive month, pointing to possible job growth in the first quarter of this year, a research group said on Monday.
WASHINGTON (Reuters) - The Federal Reserve could sell some assets later this year in an effort to whittle down its bloated balance sheet to avoid inflation, a senior Federal Reserve official said on Monday.
WASHINGTON (Reuters) - A U.S. financial crime agency has adopted a rule allowing local, state and foreign police agencies to seek information from American banks, despite opposition from industry groups.
The median forecast for retail sales is for a rise of 0.3 percent after a 0.3 percent fall in December. Forecasts range from a drop of 1 percent to an increase of 0.8 percent.


msnbc.com
msnbc.com: Business
Msnbc.com is a leader in breaking news and original journalism.

Concern about mounting debt in Europe has pushed the Dow Jones industrials below 10,000.  The Dow closed below the psychological barrier for the first time in three months.
Toyota has friends in high places in Washington, including some of the very people now investigating the Japanese automaker.

Our Super Bowl Ad Showdown allows you to watch all the ads from the big game and weigh in on what was good and what definitely wasn't.Let the record show that 2010 was the year of older women being viciously tackled in Super Bowl commercials.



Recalls and a slow response to safety questions have put a dent in the market value of cars long seen as money in the bank for their owners.

Italian Agriculture Minister Luca Zaia, center, is defending his sponsorship of McDonald's new all-Italian burger amid criticism that he was selling out to multinationals and sacrificing Italy's culinary reputation.  Italy's agriculture minister defended his sponsorship of McDonald's new all-Italian burger Monday amid criticism that he is selling out to a multinational corporation.



Watch and rate all of the spots from Super Bowl XLIV. Find out which ad is so far our readers' favorite.



David Letterman, right, Oprah Winfrey and Jay Leno in a promotional ad for CBS' "Late Show" that aired during the Super Bowl. The promo was recorded secretly last week at the Ed Sullivan Theater in New York. (Other)Super Bowl viewers were rubbing their eyes at the sight of a TV spot pairing CBS late-night host David Letterman with longtime NBC archrival Jay Leno, plus media magnate Oprah Winfrey.



Investopedia: These five famous tax evaders found ingenious (and illegal) ways to avoid paying up. Read to find out how much they owed, and how they were caught.



Feb. 8: CIT Group taps former Merrill Lynch CEO John Thain to be its chairman and CEO. CNBC's Mary Thompson has the details. (CNBC)Former Merrill Lynch CEO John Thain is taking over as chairman and CEO of CIT Group as the commercial lender continues to restructure following a time in bankruptcy protection.



Our Super Bowl Ad Showdown allows you to watch all the ads from the big game and weigh in on what was good and what definitely wasn't.Think Sunday night's Super Bowl seemed like it had a lot of ads? You're right. Commercials took up nearly 48 minutes of the game ? the most for any Super Bowl.



China bucked an unprecedented decline in global patent filings last year, boosting its total by 29.7 percent, while the United States saw a fall of 11.4 percent.
Purchases of magazines at newsstands fell 9 percent in the second half of 2009, a slight improvement from the 12 percent year-over-year decline in the first half of the year.
Our overreliance on downsizing is killing workers, the economy?and even the bottom line.

Prius drivers in Japan and the U.S. have complained of a short delay before the brakes kick in ? a flaw Toyota says can be fixed with a software programming change.  A week after brake problems surfaced with its Prius, Toyota still has yet to say whether it will recall the popular hybrid.



The average price of regular gasoline in the United States fell 5.76 cents over a two-week period to $2.67.


 
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