World News Center
Treasurys rise on weaker GDP
July 31, 2010A weaker-than-expected government report on the economy sent investors flocking back into Treasurys Friday, pushing the prices up on U.S. debt and driving yields down.
Northwest to pay $38 million cargo price-fixing fine
July 31, 2010Northwest Airlines will plead guilty and pay a $38 million fine for conspiring to fix cargo rates, the Justice Department announced Friday.
Face Off: Test-driving Gillette's new razor
July 31, 2010General Motors' legendary CEO Alfred P. Sloan invented the annual styling change when he ordered a new body for the 1923 Chevrolet to cover up the car's nine-year-old technology. The new design made the old model feel out-of-date and was the first step in GM's drive to pass Ford Motor and its unchanging Model T to become the largest automobile company in the world.
China says it tops Japan as No. 2 economy
July 31, 2010China has surpassed Japan to become the world's second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.
GM to boost Chevy Volt production
July 31, 2010General Motors announced Friday that the automaker has raised its planned production of the Chevrolet Volt electric car to 45,000 in 2012.
Bulls tiptoe into homebuilder stocks
July 31, 2010It takes a lot of courage to be a bull on homebuilder stocks these days. They exist, for sure. And they aren't on mind-bending drugs. In fact, they see the world much as the housing stock bears do. You won't find any uplifting messages in their reports on the economy and housing.
Worst job on Earth: BP calling all applicants
July 31, 2010It could quite possibly be called the worst job on Earth -- and the position is open.
Consumers not spending like drunken sailors
July 31, 2010The economy is heading nowhere fast. That's the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.
Recovery spin wars: White House vs. business
July 31, 2010The Obama administration gave a positive spin to second-quarter economic numbers released Friday, with the administration's chief economist saying they show a "steady recovery from the recession continues."
Let's fund every entrepreneur
July 31, 2010There was a great conversation Thursday at Y Combinator's AngelConf in Silicon Valley. Anthony Ha of Venturebeat had a couple posts on it that I just read, one on Paul Graham's comments, and another on Ron Conway and Mike Arrington's comments. I would have enjoyed being part of that discussion, so I'll join in now.
