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| Latest financial news - CNNMoney.com |
| Foreclosures fall to lowest level since 2007 Thu, 17 May 2012 05:04:52 EDT Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. |
| Short-seller Einhorn targets Amazon and Martin Marietta Wed, 16 May 2012 19:32:57 EDT Noted short-seller David Einhorn targeted Amazon and Martin Marietta Materials on Wednesday but was curiously silent on Herbalife. |
| Verizon to end unlimited data for upgraders Wed, 16 May 2012 17:13:15 EDT Verizon Wireless is planning this summer to begin forcing smartphone customers with unlimited data plans to switch to tiered plans when they upgrade, the company's chief financial officer told Wall Street analysts on Wednesday. |
| Outgoing World Bank chief: Fix eurozone Wed, 16 May 2012 14:51:18 EDT Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves. |
| Federal Reserve concerned about fiscal cliff Wed, 16 May 2012 15:04:57 EDT The Federal Reserve is worried about indecision in Congress. |
| Fiscal cliff: What you need to know Wed, 16 May 2012 14:01:25 EDT On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met. |
| Is Greece the Lehman of 2012? Wed, 16 May 2012 14:04:32 EDT With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try. |
| Half of U.S. cell phones are now smartphones Wed, 16 May 2012 12:48:11 EDT Smartphones are now more common than "dumb" phones. |
| FBI opens JPMorgan investigation Wed, 16 May 2012 16:43:08 EDT The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank. |
| European leaders scramble to contain Greek debt crisis Wed, 16 May 2012 13:56:22 EDT Leaders across Europe rushed to reassure nervous investors that they were working to keep Greece in the eurozone -- trying to head-off damage an exit would inflict on other troubled European countries. |
| J.C. Penney stock plunges on dismal earnings Wed, 16 May 2012 16:25:11 EDT Investors dumped J.C. Penney stock on Wednesday after a dismal earnings report, following the first full quarter with a former Apple executive at the helm. |
| Roger Penske: Racetrack capitalist Wed, 16 May 2012 12:07:08 EDT The death of Carroll Shelby last week got me thinking about what race car drivers do after they pull into the pit lane for the last time. Some, like Shelby, have made even bigger names for themselves off-track than on. |
| You're only worth $1.21 to Facebook Wed, 16 May 2012 10:44:51 EDT How much does Facebook value its users? In strictly monetary terms, about as much as a bag of chips. |
| Mortgage delinquencies drop to 4-year low Wed, 16 May 2012 10:20:25 EDT The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday. |
| Greece worries weigh on U.S. stocks Wed, 16 May 2012 16:51:10 EDT Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation. |
| Should you buy Facebook? Wed, 16 May 2012 14:09:29 EDT Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website. |
| Facebook to sell 25% more shares Wed, 16 May 2012 09:26:16 EDT Facebook announced Wednesday that 25% more shares of the company will be sold in its planned initial public offering later this week. |
| George Lucas proposes affordable housing plan Wed, 16 May 2012 06:53:41 EDT The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan. |
| Stay-at-home mom fights new credit card rule Wed, 16 May 2012 06:40:02 EDT After nearly five years managing her family's finances, Holly McCall, a 34-year old stay-at-home mother of two from Vienna, Va., never thought she would have trouble getting a credit card. |
| Stocks to weigh Greece, U.S. economy Wed, 16 May 2012 09:06:31 EDT U.S. stocks were set for a higher open Wednesday, as investors weigh political uncertainty in Greece against mixed earnings reports and housing data. |
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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.