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| Latest CBS MoneyWatch Headlines - CBS News |
| FBI chief confirms JPMorgan Chase probe Wed, 16 May 2012 15:36:28 EDT FBI Director Robert Mueller says investigation into banking company's trading losses is at "preliminary" stage |
| Fed support grows for economic stimulus Wed, 16 May 2012 14:27:16 EDT Minutes from the central bank's latest meeting suggest a greater openness to monetary easing |
| Video: Facebook expands IPO Wed, 16 May 2012 13:39:15 EDT Facebook is expanding its stock offering by 25 percent as investors clamor for shares, Timothy Geithner is using the JPMorgan trading blunder as ammunition in the case for stricter rules on financial institutions, and President Obama is pushing for a series of bills to build a stronger economy. Ashley Morrison reports. |
| Most powerful celebrities: JLo in, Sheen out Wed, 16 May 2012 11:48:54 EDT Forbes magazine's latest ranking of the nation's most powerful celebrities ranks Jennifer Lopez on top |
| Skechers to pay $40M over shoe benefit claims Wed, 16 May 2012 11:39:16 EDT Federal Trade Commission: Shoemaker deceived consumers with shoe ads |
| Greek banks may be nearing complete collapse Wed, 16 May 2012 11:03:44 EDT In the last 10 days depositors have pulled more than $6 billion out of the nation's financial institutions |
| The holy grail of leadership Wed, 16 May 2012 10:35:34 EDT A chance meeting with Vidal Sassoon leads to one of the most important leadership lessons: The leader and the led are one |
| Use SharePoint on your iPad or iPhone Wed, 16 May 2012 10:02:29 EDT Conventional wisdom says the iPad is only for consumption, but you can run everything from Photoshop to Office; now add Microsoft SharePoint to the list |
| April factory output rises on stronger autos Wed, 16 May 2012 09:56:50 EDT Half of the April increase reflected a 3.9 percent jump in the production of motor vehicles and parts |
| How Facebook's IPO will change your life Wed, 16 May 2012 09:11:04 EDT Everything you need to know about the social networking giant's mega-stock offering |
| Use social media? Memorize these vital 12 words Wed, 16 May 2012 08:48:08 EDT Anyone who blogs, tweets, or otherwise expresses themselves online should keep this policy in mind for using social media |
| High school freshman: Getting ready for college Wed, 16 May 2012 08:32:28 EDT It's not to early for entering high school freshmen to consider this to-do list |
| Facebook boosts size of IPO by 25 percent Wed, 16 May 2012 08:19:20 EDT Facebook said Wednesday that about 421 million shares will be sold; increased size signifies heavy investor demand for the shares |
| Target's profits jumps 1.2 percent Wed, 16 May 2012 08:05:48 EDT Minneapolis-based discount chain is also raising its full-year profit guidance |
| Bank of England downgrades U.K. growth forecast Wed, 16 May 2012 07:59:18 EDT While trimming growth forecast, bank of warns inflation will remain above target for another year |
| Deere posts 17 pct profit spike, beats expectations Wed, 16 May 2012 07:51:44 EDT Company beat Wall Street expectations on net income and revenue, posting a profit of $1.06 billion |
| Good and bad news: 401(k) savers up 62% since crash Wed, 16 May 2012 07:31:00 EDT Yes, they made money, but employees saving for retirement could have done much better |
| Dividend strategies keep attracting assets Wed, 16 May 2012 07:00:00 EDT Dividend strategies are a poor way to boost your portfolio's performance |
| Why Greece will and should default on its debts Wed, 16 May 2012 07:00:00 EDT Commentary: Even though Greece is broke and its people are suffering, it is using bailout funds to pay back its debt |
| Top 10 cities for college grads Wed, 16 May 2012 06:45:00 EDT Congrats, you graduated -- now to find your dream apartment in one of these fantastic cities |
| Video: Small town bank with a big heart Tue, 15 May 2012 19:57:55 EDT The man who runs the hometown bank in Cattaraugus, New York doesn't know what a credit default swap is, because as Dean Reynolds reports, he feels he has a responsibility to his town to hold the community together. |
| Video: Thieves using "skimmers" to lift bank card info Tue, 15 May 2012 20:00:17 EDT If you use an ATM or a debit card to make purchases, thieves may be waiting for you ready to scan the information off your bank card to siphon the money out of your account. "Skimming" reportedly costs the financial industry more than $350,000 a day, reports Sharyl Attkisson. |
| Video: JPMorgan CEO keeps titles, despite angry shareholders Tue, 15 May 2012 20:05:04 EDT JP Morgan Chase Chairman of the Board and CEO Jamie Dimon managed to keep both of his titles, following a meeting with shareholders still reeling from the bank's $2 billion loss. Anthony Mason reports on how Dimon kept his job. |
| Bank of America offers up to $30K for short sale Tue, 15 May 2012 17:53:43 EDT Upon completion of a short sale, qualifying Bank of America borrowers could receive up to $30,000 in relocation assistance |
| GM to pull Facebook ads Tue, 15 May 2012 17:36:13 EDT Largest U.S. automaker to back away from advertising over the social network |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.