NEW YORK (AP) - Barton Biggs, the former chief global strategist for Morgan Stanley, who warned three years before the crash in dot-com companies that stocks were too expensive, has died, the bank said Monday. He was 79.
Morgan Stanley CEO James Gorman confirmed Biggs' death in a memo to
By PABLO GORONDIAssociated Press
The price of oil slipped below $87 a barrel on Monday as the Chinese premier gave a downbeat assessment of the economy, underlining the possibility that demand may drop in the world's second-biggest crude consumer.
By early afternoon in Europe, benchmark oil
BEIJING (AP) - Asian markets rose Tuesday amid optimism China might take new steps to stimulate its slowing economy.
Japan's Nikkei 225 gained 0.5 percent to 8,768.46, while China's benchmark Shanghai Composite Index rose 0.3 to 2,154.44. South Korea's Kospi added 0.8 percent to 1,831.
By DAVE CARPENTERAP Personal Finance Writer
CHICAGO (AP) - Families have implemented more cost-saving strategies to cut college spending in the past academic year, choosing less expensive schools and finding more economical ways for students to attend.
More students also are living at home in
By The Associated Press
RECOGNIZING REALITY: Families are adjusting to economic challenges by choosing less expensive colleges and having more students live at home, according to a new study by student lender Sallie Mae.
PRICE-CONSCIOUS PARENTS: The average amount spent on college by families
By DAVID KOENIGAP Business Writer
DALLAS (AP) - Economists say the sales and profit gains of early this year are disappearing, and they are increasingly pessimistic about short-term growth.
They also are gloomy because of the potential impact in the U.S. from Europe's financial crisis, the
By The Associated Press
MORE SIGNS OF SLOWING: Companies are gloomier than they were three months ago when it comes to sales, profit margins and hiring, according to a survey by the National Association for Business Economics.
ON HIRING: Only 22 percent of the company and trade-group economists
CAMARILLO, Calif. (AP) - The average U.S. price of a gallon of gasoline has dropped about 7 cents over the past three weeks.
The Lundberg Survey of fuel prices puts the average price for a gallon of regular at $3.41.
Analyst Trilby Lundberg said Sunday that the national average for a gallon of mid-
DETROIT (AP) - Ford Motor Co. is recalling more than 10,000 redesigned 2013 Escape SUVs to fix carpet padding that could get in the way of braking.
Ford says that wrongly positioned carpet padding could reduce space around the pedals and cause drivers to hit the side of the brake pedal when
NEW YORK (AP) - Citigroup Inc. may seek permission to hike its dividend for the first time since the 2008 financial crisis in the next few months.
The bank's CEO Vikram Pandit said he expects to start discussing returning some cash to investors by the end of the year.
"I believe we will be in