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Cavuto's Deal: Forget about Sonia, the real action in DC is taking place with Charlie Rangel.

Cavuto's Deal: Ways and Mean Business

FOXBusiness


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    Moody's Chief Economist John Lonski on the skepticism growing about the employment situation.

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    FBN's Tom Sullivan sits down with Dan Walters of the Sacramento Bee to discuss the IOU crisis facing California.

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Exclusive Bloomberg Business News


Credit-Default Swap Market Investigated by Justice Department, Markit Says The U.S. Justice Department is investigating the market for credit-default swaps, according to Markit Group Ltd., the data provider majority-owned by Wall Street’s largest banks.

Russian Millionaires Return to U.S. Property Market Lured by Lower Prices Russian millionaires are returning to the U.S. property market, lured by distressed sales and the ruble’s rise against the dollar, lawyer Edward Mermelstein said.

Verizon FiOS TV Service Plans to Open Applications Store, Mimicking Apple Verizon Communications Inc.’s FiOS television service will start offering applications for a fee through its new online store, mimicking Apple Inc.’s approach to selling virtual games and tools.

Microsoft's Bing Is a `Hit' That May Take Searchers from Yahoo, Not Google Microsoft Corp., struggling for years to challenge Google Inc., says users are warming up to its Bing Internet search engine.

Peek Battles for CIT's Life in `Financial Storm' Pummeling Bonds, Shares CIT Group Inc. Chief Executive Officer Jeffrey Peek moved from a New Jersey office complex to a 28-story glass tower on Manhattan’s 42nd Street featuring a lobby bathed in blue, green and red. Three years later, he’s fighting to keep the lights on at the century-old finance firm.

China Risks Apple's Reputation by Letting Factories Ignore Worker Pay Law Jiang Bo says he drove a cement truck for China’s Shenzhen Antuoshan Investment & Development Co. 12 hours every day for seven years without overtime pay.

Revenue Drop at UAL, Continental May Drag U.S. Airlines to $1 Billion Loss United Airlines parent UAL Corp., Continental Airlines Inc. and other major U.S. carriers may have combined losses of $1 billion, their seventh straight quarterly deficit, as the recession curbs business travel and fares.

Airwaves Feature Pawn Shops, Plastic Surgeons as Auto Dealer Ads Decline U.S. TV broadcasters, struggling to replace a 20 percent drop in automotive advertising revenue, are turning to pawn shops, plastic surgeons and other nontraditional sources to fill airtime.

Rojo Says Spanish Provisions Won't Stop Banks From Doing `Crazy Things' Luis Angel Rojo, the man behind Spanish rules that force lenders to build reserves in good times to cover future losses, has a warning for regulators who may adopt the standards: They won’t stop the excesses of bankers.

Crops-for-Chemicals Barter Creates Liquidity for Farmers in Russia, Brazil Siberian farmer Alexei Maslov has too much grain and not enough cash for next year’s weed-killer. The solution to both concerns may be good old-fashioned barter.

Wal-Mart Stops Buying Chilean Salmon as Outbreak of Virus Curbs Supplies Wal-Mart Stores Inc., the world’s largest retailer, stopped buying salmon from Chile, the largest supplier of the fish to the U.S., after an outbreak of infectious salmon anemia in the South American nation.

Cubs Bankruptcy Looms as Way for Buyer to Leave Zell's Debt-Laden Tribune The Chicago Cubs may become the first Major League Baseball team in 39 years to file for bankruptcy as Tribune Co. seeks to sell the franchise after months of negotiations.

BusinessWeek Put Up for Sale as McGraw-Hill Said to Hire Evercore Partners BusinessWeek, the McGraw-Hill Cos. magazine that lost 30 percent of its advertising revenue in the second quarter, is up for sale, according to a person close to the situation.

Eddie Bauer May Draw Bids From Iconix, Golden Gate, Hilco Amid Bankruptcy Eddie Bauer Holdings Inc., the U.S. outdoor-clothing chain that filed for bankruptcy last month, may draw bids from Iconix Brand Group Inc., owner of the Rocawear brand, and private-equity firm Golden Gate Capital, according to people with knowledge of the process.

Pandit's `Globality' May Pique Regulators Pressured to Keep Loans at Home Citigroup Inc.’s plan to profit from growth in foreign markets may put Chief Executive Officer Vikram Pandit at odds with the U.S. government’s stated interest in curbing risk and stoking the domestic economy with loans.

Pfizer, Merck Acquisitions Force Sales of Lucrative Drugs for Cattle, Pets Four of the world’s biggest drugmakers are likely to compete for Pfizer Inc. and Merck & Co. animal-health products as revenue for flea medicine, canine cancer treatments, and cattle vaccines outpaces human drugs.

Princeton, Williams, Amherst Benefit from `Cheerier' Stock, Bond Markets Rising stock and bond markets are lowering projected endowment losses at Princeton University and Williams College. The schools said they expect no gains in the next fiscal year.

Media Moguls Twitter Over Slump, Not Acquisitions, at Sun Valley Meeting Media moguls Rupert Murdoch and Howard Stringer attend the annual Allen & Co. media conference in Sun Valley, Idaho, to kick the tires on new businesses. This year, they didn’t find much.

Apple's Jobs Revises California Mansion Plan to Fend Off Preservationists Steve Jobs, Apple Inc.’s co-founder, proposed to relocate “components” of his historic mansion in Woodside, California, to fend off preservationists who oppose his plan to tear it down and build a modern home.

U.S. Economy on `Cusp of Stabilization' as Growth Forecasts Are Increased

The U.S. economy will expand faster than previously forecast in the second half of this year and in 2010 as a revival in consumer spending signals an end to the recession, a Bloomberg News sur

vey showed.

  • State Budgets: The Best and the WorseFOXBusiness - Mon Jul 13, 4:02 PM ET

    With California hanging by a thread, we break down the states in the best and worse budget positions--find out where your state lands. Check out the full hour of FOXBusiness.com LIVE today.

  • Group Health CEO on Health-Care ReformFOXBusiness - Mon Jul 13, 4:02 PM ET

    Group Health CEO Scott Armstrong weighs in on private health care.

  • Sen. Shelby: Bernanke Worried About EconomyFOXBusiness - Mon Jul 13, 1:53 PM ET

    FBN Exclusive: Sen. Shelby weighs in on Fed. Chairman Ben Bernanke's interview.

  • Economic Recovery on Horizon?FOXBusiness - Mon Jul 13, 1:53 PM ET

    Former IMF Chief Economist Simon Johnson on the state of the economy.

  • Canadian Coffee Migrates to U.S.FOXBusiness - Mon Jul 13, 12:53 PM ET

    Tim Hortons CEO Donald Schroeder on the Canadian coffee company's move into the U.S. market.

  • How Oil and Currencies Move the MarketsFOXBusiness - Mon Jul 13, 12:53 PM ET

    Dan Greenhaus of the Miller Tabak Market Strategy Group on the unpredictability in the markets.

  • CIT Looks Ease Concerns of CustomersFOXBusiness - Mon Jul 13, 8:53 AM ET

    American Small Business League President Lloyd Chapman and National Securities Market Strategist Jordan Kimmel on CIT's work to calm concerns of customers and investors over reports it hired bankruptcy specialists.

  • Web Stars Rule Ad WorldFOXBusiness - Mon Jul 13, 7:52 AM ET

    Hitviews CEO Walter Sabo and Hitviews Chief Creative Officer Caitlin Hill on how its online video web stars help companies make the most of their online video and marketing.

  • Geithner's World TourFOXBusiness - Mon Jul 13, 6:51 AM ET

    FBN's Rich Edson reports on Treasury Secretary Timothy Geithner's international trip beginning with a stop in the U.K. today.

  • Geithner to Focus on Regulation on U.K. TripFOXBusiness - Mon Jul 13, 6:51 AM ET

    BGC Partners U.S. Strategist Jeffrey Hogan on Treasury Secretary Timothy Geithner's trip to the U.K.


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