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Beware: Some Medicare Advantage plans have plenty of disadvantages

Seniors have flocked to Medicare Advantage in recent years, attracted by savings on premiums and the convenience of one-stop shopping. But as the annual Medicare enrollment season began this week, a memorandum from federal officials to plan providers surfaced that serves as a big red warning flag.

Oct 16, 2014 12:22 PM EDT

iPhone rollout likely widened T-Mobile's growth lead

Apple's iPhone 6 only went on sale in the last two weeks of the quarter, but the device's rollout may have been the U.S. cellular industry's top growth catalyst in the period, with T-Mobile US benefiting the most.

Personal Finance

Chicago mayor mum on looming pension issues in budget address

Chicago Mayor Rahm Emanuel proposed a $8.9 billion election-year budget on Wednesday, keeping mum about looming pension challenges that could further damage the third-largest U.S. city's credit ratings and trigger payments associated with its debt.

Markets

Dollar recovers broadly on favorable U.S. monetary policy view

The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday's selloff was overdone given the relative strength of the U.S. economy and the Federal Reserve's commitment to tightening U.S. monetary policy.

Goldman's focus on bond trading pays off as profit soars

Goldman Sachs Group Inc (GS.N) reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.

Oct 16, 2014 12:06 PM EDT

Lockheed says makes breakthrough on fusion energy project

Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade.

Oct 16, 2014 12:01 PM EDT

Google tests waters for potential ultra-fast wireless service

Google Inc is preparing to test new technology that may provide the foundation for a wireless version of its high-speed "Fiber" Internet service, according to telecommunication experts who scrutinized the company's regulatory filings.

Oct 16, 2014 11:58 AM EDT

Data show U.S. economy's pulse is still strong

The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook.

Oct 16, 2014 11:54 AM EDT

Global growth concerns drag Wall Street lower, selloff continues

U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.

Oct 16, 2014 11:48 AM EDT

Chrysler recalls more than 900,000 vehicles globally in two actions

Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires.

Oct 16, 2014 11:42 AM EDT

How to avoid expense-report hell

If work hell exists, then Amanda Larrinaga experienced something like it a couple of years ago. If work hell exists, then Amanda Larrinaga experienced something like it a couple of years ago.

Oct 15, 2014 12:06 PM EDT

White House, companies look for ways to hire long-term unemployed

Vice President Joe Biden will meet with human resource officers from major U.S. companies at the White House on Wednesday to discuss changes to hiring practices aimed at improving employment prospects for people who have been out of work for a while.

Oct 15, 2014 12:02 PM EDT

Time Warner to set HBO free, launch over-the-top service

Time Warner Inc plans to go head-to-head with Netflix Inc and launch a standalone option in 2015 for popular pay TV channel HBO.

Oct 15, 2014 11:53 AM EDT

U.S. retail sales, producer prices give cautionary signs on economy

U.S. retail sales declined in September and producer prices also fell, worrisome signals on the economy's health that heightened financial market worries over faltering global growth.

Oct 15, 2014 11:50 AM EDT

Wall Street selloff continues on global economy worry

U.S. stocks dropped on Wednesday as economic data reinforced worries over the health of the world economy and signs emerged of slowing merger activity.

Oct 15, 2014 11:46 AM EDT

Worrying for Saudi, U.S. oil output cuts could take a while

Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Oct 15, 2014 11:42 AM EDT