American Airlines to hire 2,500 pilots

American Airlines pilots protesting the concession contract being imposed on them in September. Despite the ongoing contract dispute, the airline says it will hire 2,500 pilots over the next five years. NEW YORK (CNNMoney) -- The iconic, but troubled,...

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Amazon: Buying growth at a price

Amazon's Kindle Fire is sold virtually at cost. (Money Magazine) -- Ever since it was founded in 1994, Amazon.com has been all about transformation. The Seattle-based online retailer started off by reinventing the way books were sold. Then it redefined...

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Higher yields on savings? It will be awhile

The Federal Reserve is targeting unemployment. (Money Magazine) -- Waiting for higher yields on savings? Don't hold your breath. The Federal Reserve said in September it would buy $40 billion of mortgage-backed securities a month until the labor...

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Olympics help lift UK out of recession

The UK's service industry, which accounts for over 75% of GDP, registered growth of 1.3% in the quarter. LONDON (CNNMoney) -- Britain emerged from recession in the third quarter, recording stronger than expected growth of 1% as the London Olympics...

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Fewer Americans file for unemployment benefits

Job seekers pick up applications at a career fair in Los Angeles. NEW YORK (CNNMoney) -- First-time claims for unemployment benefits fell last week, but the broader trend remains choppy, making it difficult to get a clear reading on the job market...

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Stock headed for positive open

Click for more market data. NEW YORK (CNNMoney) -- U.S. stock futures were higher Thursday, as investors sorted through the latest corporate results and economic data. Dow component Procter & Gamble (PG, Fortune 500) reported mixed quarterly...

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Microsoft is risking an $18 billion empire on Windows 8

NEW YORK (CNNMoney) -- Windows has been Microsoft's most reliable cash cow for nearly three decades. The software giant is gambling all of that success on what it deems to be the company's future: a radically redesigned Windows 8. Windows is the linchpin...

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Earnings keep stocks 'stuck in a rut'

Click for more market data. NEW YORK (CNNMoney) -- U.S. stocks were mixed in midday trading Thursday as investors focused on solid economic data but mixed corporate results. The Dow Jones Industrial Average edged down 0.1%. The S&P 500 and...

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Ford closing two more European plants

The Ford plant in Southampton, England, one of two plants in the country that the company plans to close. NEW YORK (CNNMoney) -- Ford Motor announced plans Thursday to close two plants in England in an effort to stem losses that it warned could top...

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Best Buy stock plunges

NEW YORK (CNNMoney) -- Best Buy's stock plummeted, one day after the retailer unveiled a management shakeup and reduced its profit expectations for the third quarter. Best Buy's (BBY, Fortune 500)stock dropped 10% in Thursday afternoon trading. The...

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Stocks mixed in listless trading

Click for more market data. NEW YORK (CNNMoney) -- U.S. stocks were mixed Thursday as investors focused on weekly jobless claims and the latest sign of a slowdown in China. The Dow Jones industrial average and the S&P 500 were up about 0.1%,...

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Why Facebook should pay you for your personal info

NEW YORK (CNNMoney) -- Facebook knows more about you than any company in history. The social network's users willingly supply Facebook with deeply personal information, including likes, dislikes, their close associates, politics, religion and relationship...

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The other unemployment rate

NEW YORK (CNNMoney) -- U.S. unemployment fell to 7.8% in September. But that doesn't mean the other 92.2% of adults are working. The unemployment rate only measures people who have searched for jobs in the last four weeks, while millions of other out-of-work...

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Wall Street to Washington: Avoid the fiscal cliff!

CEOs Lloyd Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase and Brian Moynihan of Bank of America urge Washington leaders to avoid the fiscal cliff. NEW YORK (CNNMoney) -- Several big Wall Street bank CEOs on Thursday urged Congress and President...

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Verizon sold just 651,000 iPhone 5s last month

Long lines for the iPhone 5 didn't result in huge sales. Verizon did just fine anyway in the third quarter. NEW YORK (CNNMoney) -- Verizon sold 3.1 million iPhones last quarter, only 651,000 of which were the new iPhone 5. The nation's largest wireless...

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Jobless claims snap back up

A woman speaks to a potential employer at a New York state jobs fair. NEW YORK (CNNMoney) -- First-time claims for unemployment benefits are on a roller coaster. The number snapped back up last week, after falling to a four-year low the week before....

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Newsweek to end publication of print edition

Newsweek will stop its print edition after the Dec. 31 issue. NEW YORK (CNNMoney) -- Weekly news magazine Newsweek announced Thursday it will shift to online-only publication next year, discontinuing its print version after 80 years. Tina Brown,...

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Morgan Stanley profits from corporate bond boom

Morgan Stanley's shares are up 22% this year. NEW YORK (CNNMoney) -- The corporate refinancing boom help drive Morgan Stanley's third-quarter earnings, which handily beat expectations. During the third quarter, the bank's revenue from underwriting...

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Holiday gifts: What women want, men don't give

Half of wealthy women and a third of affluent men are likely to buy themselves presents this holiday season, according to a new survey. NEW YORK (CNNMoney) -- When it comes to gifts, it's not the thought that counts. At least, not in America's wealthiest...

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Mortgage rates fall to record lows, again

NEW YORK (CNNMoney) -- Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac. The 15-year is particularly popular with homeowners who want to refinance their old mortgages...

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Oil workers win big as U.S. wages climb

Overall, U.S. workers received a pay raise in the past year. But oil and gas workers received the biggest wages. NEW YORK (CNNMoney) -- Big pay hikes in the energy industry have helped fuel the biggest jump in U.S. wages in more than five years, according...

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Disabled voters face Election Day challenges

Disability rights advocates say more polling stations must be made accessible, as this polling station in Revere, Mass., was in 2006. NEW YORK (CNNMoney) -- On Nov. 6, there's a very real possibility that many Americans with disabilities will not...

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Stocks look to snap slide

Click on charts for more premarkets data. NEW YORK (CNNMoney) -- U.S. stock futures turned higher Thursday following an unexpected drop in the number of people filing first-time unemployment claims. A flurry of economic reports came in better than...

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Obama and Romney should get serious on jobs (no more BS, please)

NEW YORK (CNNMoney) -- The most recent polling confirms what both Barack Obama and Mitt Romney know: that the shape of the U.S. economy remains, by a wide margin, the single biggest issue facing American voters.  Despite talk of debt and deficit...

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Stocks rise after 4-day losing streak

Click the chart for more stock market data. NEW YORK (CNNMoney) -- U.S. stocks advanced Thursday, with the S&P 500 and Nasdaq snapping a 4-day losing streak, as investors welcomed an unexpected drop in the number of people filing first-time...

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Jobless claims fall to four-year low

NEW YORK (CNNMoney) -- Claims for unemployment benefits fell sharply last week to their lowest level in more than four years, but the drop was due mostly to a technical issue. About 339,000 people filed for first-time unemployment benefits in the week...

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Coca-Cola bottler quits Greece

LONDON (CNNMoney) -- Coca-Cola Hellenic, the world's second biggest bottler of Coke, is moving its headquarters out of Greece, dealing a symbolic blow to the crisis-stricken eurozone economy. The company is Greece's biggest by market value ($7.6 billion)...

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Sprint's stock surges on potential Softbank deal

NEW YORK (CNNMoney) -- Shares of Sprint Nextel surged Thursday as it negotiated with Japanese wireless carrier Softbank, which might buy a controlling stake in the company. Sprint Nextel's (S, Fortune 500) stock jumped 18% in morning trading. "Sprint...

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Analysts sour on Facebook after Zynga's downbeat outlook

NEW YORK (CNNMoney) -- Facebook's close relationship with Zynga means the social network has raked in tons of money from the success of games like FarmVille. But that partnership has a flip side: Bad news for Zynga also means bad news for Facebook. ...

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