Latest financial news - CNNMoney.com

• Obama to introduce another business tax cut
(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.)

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• Stocks poised to slip
(U.S. stocks were poised to open lower Tuesday, coming off the previous week's gains and following global markets lower, as renewed worries about the economy weighed on investors.)

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• GM's long overconfidence game
(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.)

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• A reward for responsible homeowners
(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.)

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• Four unexpected economic bright spots
(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.)

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• Startups flock to Twitter headquarters
(Sharing ideas and office space in the tech field is as common as sharing API's, but the collaborative sprit runs especially deep at San Francisco's 795 Folsom Road.)

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• The new young investor: Shunning stocks
(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.)

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• Johnson & Johnson CEO Bill Weldon's painful year
(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.)

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• What went wrong with Gardasil
(Mon, 06 Sep 2010 23:26:13 EDT)

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. ... Read

• Mark Hurd lands at Oracle
(Mon, 06 Sep 2010 22:10:23 EDT)

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

• World markets rally, Nikkei gains 2%
(World markets rallied Monday, with Asian stocks logging their fourth straight session of gains.)

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• Wall Street faces an economy at a 'crossroads'
(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.)

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

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

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• Dollar slips on return to risk
(As better-than-expected economic data boosted investor morale this week, the greenback lost some of its luster, falling against a basket of currencies.)

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• Where the jobs are now, and where they'll be next
(Fri, 03 Sep 2010 15:07:10 EDT)

U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs. ... Read

• What went wrong at Burger King
(It's not yet clear what Burger King's new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order.)

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• Dow back in the black for 2010
(Stocks closed near session highs Friday, with the Dow erasing its losses for the year, as investors welcomed a better-than-expected report on the U.S. job market.)

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• Strongest jobs recovery in decades. Seriously
(Fri, 03 Sep 2010 09:42:45 EDT)

A jobless recovery? Hardly. ... Read

• August jobs report: Signs of life for employment
(Business hiring is picking up, but not enough to make up for the massive losses of temporary government jobs.)

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