Jul 16 Concerned About iPhone 4 'Death Grip?' Jobs: Have a Free Bumper Responding to weeks of complaints about reception issues with Apple's popular iPhone 4, CEO Steve Jobs mounted a defense at a Friday news conference, announcing that customers will be able to get a free rubber case to… Continue reading
Jul 16 The Oil Cap Is Holding -- Now What? By Chris Amico For now, at least, there is no oil flowing into the Gulf of Mexico. That could last until Saturday, if BP carries out its well integrity test for a full 48 hours. Engineers are checking pressure inside the well… Continue reading
Jul 16 BP Continues to Monitor Cap; Encouraged by Early Results By Tom LeGro Updated 5:33 p.m. ET The results of pressure tests on the shut-in oil well have not been ideal over the past 24 hours, Coast Guard Admiral Thad Allen said Friday afternoon -- but the well will remain closed… Continue reading
Jul 16 Watch Potential Risks of Buying Companies on Borrowed Money Examined As part of his ongoing series of reports on making sense of economic news, Paul Solman looks at what happens when private equity firms use borrowed money to buy companies. Continue watching
Jul 16 Watch Was Record Settlement Against Goldman Sachs a Good Deal for Company? Accused by the Securities Exchange Commission of civil fraud, Wall Street behemoth Goldman Sachs agreed this week to a record $550 million settlement, but did not admit to or deny the SEC's allegations. Jeffrey Brown speaks with experts about whether… Continue watching
Jul 16 Watch News Wrap: Stocks Tumble on Consumer Sentiment, Earnings Numbers In other news Friday, U.S. stocks fell after a reading of consumer sentiment fell sharply and investors were disappointed by earnings reported by Bank of America and Citigroup. Also, federal officials announced the largest-ever crackdown on Medicare fraud. Continue watching
Jul 15 Obama Praises Financial Reform, Calls Oil Stoppage a 'Positive Sign' By News Desk President Obama spoke to reporters this afternoon, praising the Senate's passage of a financial reform bill and offering brief comments on BP's test of a cap over its broken wellhead, which has temporarily stopped the flow of oil. Continue reading
Jul 15 Goldman Sachs, SEC Reach $550 Million Settlement The Securities and Exchange Commission has reached a $550 million settlement with Goldman Sachs in its case accusing the company of misleading investors in mortgage-backed securities, the agency said in a statement. "This record-setting settlement… Continue reading
Jul 15 Senate Passes Financial Reform Bill Paul Solman: The senate vote guaranteeing the adoption of the financial reform bill is either good or bad, depending on your politics. But no question it tries to address the major issues that seem to have triggered the economic… Continue reading