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Business and financial news - CNNMoney.com

25 top-paying companies
Sat, 28 Jan 2012 10:32:16 EST
Engineers at Devon Energy take home an average $178,305 a year. Which other Best Companies to Work For offer big paychecks?

Dow breaks 3-week winning streak
Fri, 27 Jan 2012 18:22:08 EST
U.S. stocks ended mostly lower Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.

Facebook IPO filing next week - report
Fri, 27 Jan 2012 14:05:42 EST

Apple estimates raised, but not high enough
Sat, 28 Jan 2012 14:12:33 EST

Obama expands foreclosure-prevention program
Sat, 28 Jan 2012 09:56:15 EST
The Obama administration is taking another swing at improving its main foreclosure prevention program.

Mortgage probe unveiled as foreclosure talks loom
Fri, 27 Jan 2012 15:35:35 EST
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.

Just how rich is Romney?
Sat, 28 Jan 2012 10:06:57 EST
Exactly how much is Mitt Romney worth? Hard to say.

Apple's 7 most stubborn decisions
Fri, 27 Jan 2012 18:44:03 EST
It's been stubborn about puzzling product designs, like the iMac disk drives it abandoned.

The anti-Kodak: Eastman Chemical - The Buzz
Fri, 27 Jan 2012 12:20:39 EST
It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.

FDA blocks orange juice shipments from Canada
Fri, 27 Jan 2012 16:28:46 EST
The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.

Top stock picks from top pros
Sat, 28 Jan 2012 10:36:36 EST
They steered their funds into the head of the pack in the bear market, in the bull market and even in the current blah market. Find out how these managers did it and where they're investing now.

Apple's new chief blasts the New York Times
Fri, 27 Jan 2012 12:19:23 EST
Calls the suggestion that his company doesn't care about the health and safety of workers in the supply chain he built "patently false and offensive"

Italy, Spain downgraded by Fitch
Fri, 27 Jan 2012 14:48:40 EST
Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.

Retirement saving: Don't shortchange later years
Fri, 27 Jan 2012 17:52:41 EST
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.

Millions in SOPA lobbying bucks gone to waste
Fri, 27 Jan 2012 12:30:45 EST
The controversial anti-piracy bills that attracted tens of millions of dollars of lobbying for and against the proposed laws ironically were killed by free publicity.

SEC to step up scrutiny of private equity firms
Fri, 27 Jan 2012 12:12:17 EST
The private equity world is struggling to stay in the shadows.

$65 million payday for Starbucks CEO Schultz
Fri, 27 Jan 2012 12:26:04 EST
Starbucks chief executive officer Howard Schultz was paid more than $65 million in fiscal year 2011, including salary, bonuses and stock options.

Men's underwear leaves the Stone Age
Fri, 27 Jan 2012 11:27:51 EST
FORTUNE -- The days of over-sized jeans sagging from the derrieres of men everywhere are no more. Skinny jeans, tailored pants, and fitted oxfords are de rigeur, leaving little room for excess fabric in the undergarment department. Boxers or briefs used to be the only question men needed to ask themselves, but today, the options have grown. Five years ago, Tom Patterson was a medical-device sales rep by day and an avid-viewer of CNBC's The Big Idea with Donny Deutsch by night. "All of the featured products or services ... were created out of personal frustration," recalls Patterson. "I found myself constantly looking around, asking, 'What can I make better?'" During the financial crisis, Patterson was laid off from a sales job he held for six years. During his down time, he realized that one of the biggest fashion annoyances he faced while he was working was a fabric gut -- that baggy bump just above the belt line caused by a loose-fitting undershirt.

Ford: Biggest profit since '98
Fri, 27 Jan 2012 11:53:55 EST
Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company's 109-year history.

Economy growing faster, but still struggling
Fri, 27 Jan 2012 12:28:04 EST
The United States economy picked up speed at the end of 2011 as businesses substantially built up their inventories and consumers increased their spending.


Romney's elusive net worth calculation
Fri, 27 Jan 2012 10:35:02 EST
Exactly how much is Mitt Romney worth? Hard to say.

Dow breaks 3-week winning streak
Fri, 27 Jan 2012 16:41:14 EST
U.S. stocks ended mostly lower Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.

Obama administration expands foreclosure prevention program
Fri, 27 Jan 2012 19:56:58 EST
The Obama administration is taking another swing at improving its main foreclosure prevention program.

Retirement saving: Don't shortchange the later years
Fri, 27 Jan 2012 17:52:36 EST
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.

Campaign finance the Stephen Colbert way
Thu, 26 Jan 2012 19:47:55 EST
Is Stephen Colbert a comedian, political candidate or professor of campaign finance law?

The anti-Kodak: Eastman Chemical
Fri, 27 Jan 2012 12:19:11 EST
It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.

FDA blocks orange juice shipments from Canada
Fri, 27 Jan 2012 16:28:42 EST
The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.

Obama's 30% millionaire tax
Thu, 26 Jan 2012 08:26:23 EST
President Obama this week defined what he believes should be the minimum "fair share" for millionaires and billionaires to pay in taxes. His answer: At least 30% of their income.

Mortgage probe unveiled as foreclosure talks loom
Fri, 27 Jan 2012 15:34:07 EST
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.