Digg Finance & Business Headlines

House prices could fall for two more years

Citigroup chairman Win Bischoff has warned that house prices in Britain and the United States are likely to keep falling for another two years. The chairman of one of the world's most powerful banks told the BBC in an interview that he expects it will take two years for the markets to stabilize.

Zimbabwe Introduces $100 Billion Note (Worth 4 Oranges)

Zimbabwe's troubled central bank introduced $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.

How NOT to ship software licenses

Leading the stupid shipping gang takes creative incompetence, and Hewlett-Packard is clearly up to the task. Other companies might have turned to email when faced with the challenge of shipping sixteen software licenses. Not Hewlett-Packard! HP went looking for a box. A really big box.

10 Banks That Could Be Next To Go Under

IndyMac bank going under probably has you wondering, is my bank next? Various analysts are predicted that hundreds of small and regional banks could collapse in the next year. Here's the top 10 list of the nation's most troubled banks…

85% of U.S. Unhappy with Economy

You would expect Americans, in a period of falling home prices, a wobbly stock market and an ongoing war, to be less than satisfied with the direction of the country. It's natural. But Americans are not simply dissatisfied.

EBay Falls as Consumer Spending Slows at Its Retail Web Site

EBay Inc., the world's largest Internet auctioneer, fell 7.7 percent in late U.S. trading after reporting slowing growth in spending at its retail sites. Gross merchandise volume, the value of all goods that users sold on EBay's sites, rose 8 percent, the smallest increase in at least five quarters, EBay said today in a statement.

Budgeting for Lazy People

Procrastinators, you can rejoice: There is such a thing as a budget that you can stick to. What's the secret? Take every shortcut possible.

Oil's 2-day Decline: $11 a Barrel

Futures plummet after surprise growth in crude, gasoline stockpiles hints at impact of high prices on usage.

Ron Paul on Fox Business News 7/16/08

Ron Paul discusses inflation and how it's really just a hidden tax.

Dow closes below 11,000

For the first time in two years, the Dow came to rest at that mark. Fears of escalating instability in the financial sector kept investors on edge.

CEO's Guide to Virtual Worlds

Virtual Worlds - Moving beyond Second Life marketing, many companies are infiltrating virtual worlds for employee meetings, mixers, and recruiting.The Web of the Future - A rising tide of companies are tapping Semantic Web technologies to unearth hard-to-find connections between disparate pieces of online data.

Inflation in U.S Growing at Fastest Pace in Over 27 Years

The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. Soaring costs for gasoline and food pushed inflation at the fastest pace in more than a quarter-century.

Borrowers Consolidate Student Loans at Rates as Low as 3.62%

Borrowers will now be able to consolidate their variable-rate federal student loans at significantly lower fixed interest rates, thanks to the Fed's flurry of rate cuts over the last year. Rate cuts made by the Fed largely in response to the subprime mortgage credit crisis added up to a 3-percent drop for student loan borrowers.

U.S. Dollar Falls to Record Low Against Euro

Wall Street was in an uproar on Tuesday as stocks churned, oil plummeted, and policy makers issued a darker outlook on the economy. Meanwhile, the dollar fell to a new low against the euro, GM said it would slash jobs and suspend its dividend, and a report showed that consumer spending slowed in June more than economists had anticipated. Fuck.

Pump Payback: 5 Ways We’re Sacrificing

Thanks to the incessantly climbing prices at the gas station, the precarious balance known as my net worth is starting to teeter a little too far in the negative direction. A recent CareerBuilder.com study showed that over half of us are feeling the pressure to find other things to give up in the name of gas. Eighty-nine percent of survey takers…

Most Lucrative College Majors

The most lucrative college major today: computer engineering. Those with less than five years' experience are making $60,500, while those with 10 to 20 years' experience are banking $104,000 per year. "Everything today has a computer in it," says Al Lee, director of quantitative analysis at PayScale.com, an online compensation comparison tool.

EBay Wins Lengthy Copyright Battle Against Tiffany

On the heels of a $61 million loss to French luxury goods group LVMH, eBay on Monday secured a legal victory in its copyright battle with jeweler Tiffany. The online auction site has been battling with the luxury jewelry retailer since 2004, when Tiffany sued eBay for allegedly allowing the sale of counterfeit Tiffany items.

EBay Lets Buy.com List Millions of Items Without Full Fees

The golden era of the small seller on eBay, hawking gewgaws and knickknacks from the basement or garage, is coming to a noisy and ignominious end.

Starbucks identifies 50 stores set for closing

On the list are stores in Arkansas, Iowa, Illinois, Indiana, Kentucky, Louisiana, Maryland, Missouri, Nebraska, Nevada, New Jersey, New York, North Dakota, Ohio, Texas and West Virginia. The sites will shut down by the end of this month.

Bud's New World

Having just created the world's largest brewer, InBev and Anheuser-Busch now say they are going to turn Budweiser beer into a name that is recognized from the United States to Europe to Asia.

Google as 'Potential Monopolist'

The Google-Yahoo partnership has theoretical implications for the search market and, by consequence, for the whole advertising market.

Jim Rogers Calls Fannie Plan - "unmitigated disaster''

The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an "unmitigated disaster'' and the largest U.S. mortgage lenders are "basically insolvent,'' according to investor Jim Rogers. Goldman Sachs says shares my fall another 30%

Bush Stampedes Congress to Aid Mortgage Banking Investors

The Bush Adm. unveiled a sinister plan Sunday night rescue super-rich investor/stockholders in mortgage giants Fannie Mae and Freddie Mac, offering to extend Taxpayer Public Debt Trillions of $$ by tricking Congress into lending them money and even buying their stock. Greedy owners of the private banking cartel monopoly The Fed glad to lend "money"

Microsoft and Netflix announce partnership

Announced at keynote today…

Analysts: 150 U.S Banks Nationwide May Fail Next Year

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year. But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter? And which one could be next?

U.S. Outline Plan to Save Fannie Mae and Freddie Mac

The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy.

Study: An American Life Is Worth Less Today

It's not just the American $ that's losing value. A government agency has decided that an American life isn't worth what it used to be.The "value of a statistical life" is $6.9 M in today's dollars, a drop of nearly $1M from just five years ago.Though it may seem like a harmless bureaucratic recalculation, devaluation has real consequences.

Democratic presidencies aren't always bad for stocks

"The answers provided by almost everyone of whom I ask this question are almost unanimous: The stock market does better under Republican presidents… They're wrong. "

How Fallout Could Affect Main Street

A good look at whether it's worth your while to buy - or sell - a home right now…

Anheuser-Busch Sold for $50 Billion

Anheuser-Busch Cos Inc (NYSE:BUD) has agreed to be acquired by rival InBev NV for $49.91 billion in a deal that will create the world's largest brewer.

Delta: Sorry Your Lung Collapsed… We Can't Issue a Refund

While we would like to offer special consideration in cases such as yours, we are unable to honor the many requests that we receive from others in similar situations. We follow a consistent policy to ensure that Delta is fair to everyone who travels with us. Accordingly, we must respectfully decline your request.

10 Hidden Casualties Of $4 Gas

Truckers, taxi drivers and charities are just some of the groups being hit hard by high gas prices. Here are several more, all reeling from the sharp rise in fuel costs.

This Colgate Toothpaste Packaging Is Awfully Deceptive

Logan thought this bonus pack of Colgate contained two equally-sized tubes of toothpaste. After all, the boxes are exactly the same size. Yet when he opened the bonus box, he found a smaller box containing a mini tube of toothpaste.

Why USPS Probably Won't Pay Your Insurance Claim…

So we file a claim with the Post office in April, and today I find out that they are denying my claim unless someone at the POST OFFICE admits to causing the damage! Are you serious?

Fuel Prices Spur Aviation Industry to Explore Alternatives

The aviation industry is facing unprecedented growth in fuel costs and growing pressure to curb emission levels. Rolls-Royce and British Airways are the most recent companies to announce a research partnership to explore the viability of alternative fuels.

The Right Clothes And Hairstyle For Job Hunt

With the economy weak and more people hunting for work every day, job candidates are thinking beyond the usual resume and references and looking for any competitive edge they can get. The idea is to try to mirror and match your prospective company. Just as some candidates may have to spice it up or clean it up, others have to tone it down