[View RSS]

Business :: Finance

Apple to Split Its Stock

FINANCE | Friday Apr 25, 2014
The tech giant is planning a seven-to-one stock split, and will increase its dividend. CBS News business analyst Jill Schlesinger discusses Apple stock with the "CBS This Morning" co-hosts.

Dominion Resources Inc. nuclear power station plant manager, Roy Simmons talks about his participation in a wellness program at the plant in Surry, Va. Dominion started offering a $400 premium credit a couple of years ago for employees who agreed to have a health assessment.

Wellness Programs Grow More Popular with Employers

FINANCE | By Catherine Lucey, Tom Murphy | Apr 25
That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul.

Grieving Borrowers Told to Repay Student Loan

FINANCE | By Kimberly Hefling | Apr 24
Some student loan borrowers who had a parent or grandparent co-sign the note are finding that they must immediately pay the loan in full if the relative dies.

Sales of US Existing Homes Slip to a 20-Month Low

FINANCE | By Christopher S. Rugaber | Apr 23
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

IRS Audits Less than 1 Percent of Big Partnerships

FINANCE | By Stephan Ohlemacher | Apr 23
The Internal Revenue Service audits fewer than 1 percent of large business partnerships, according to a government report. That means some of Wall Street’s largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS.

Average US 30-Year Mortgage Rate Falls to 4.27 Pct

FINANCE | Apr 21
Average US rates on fixed mortgages fell la week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent the previous week.

Why High Oil Prices Are Good For Airlines

FINANCE | By Scott Mayerowitz | Apr 20
Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business.In the past six years, airlines have overhauled the way they operate to adjust to this new reality.

Roofers installing a roof on a new construction home in Pepper Pike, Ohio.

US Home Building Up in March After Frigid Winter

FINANCE | By Paul Wiseman | Apr 17
U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

Barack Obama

Report Projects Health Care Costs to Dip Slightly

FINANCE | By Andrew Taylor | Apr 16
The Congressional Budget Office predicts that health insurance subsidies under the so-called "Obamacare" plan will total a little more than $1 trillion over the next 10 years, instead of almost $1.2 trillion initially estimated.

Average US 30-Year Mortgage Rate Down to 4.34 Pct.

FINANCE | Apr 11
Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins.

Dr. Salomon Melgen, posing for a photo at the book signing of "Growing American Roots", a book by Sen. Robert Menendez, D-N.J., at the college in Miami.

Top-Paid Medicare Doctors Say They Have Reasons

FINANCE | By Richardo Alonso-Zaldivar, Serdar Tumgoren | Apr 10
Explanations for eye-popping numbers from Medicare’s massive claims database ranged from straightforward to what the government considers suspicious, as the medical world confronted a new era of scrutiny.