Mid-day update

The price of agricultural commodities has spiked since last summer, according to a report from the U.S. Agriculture Department. Increasing demand...

Illinois state legislators raised the state income tax from 3 percent to 5 percent, a 66 percent hike. In plain terms, if you owed the Illinois...

Goldman Sachs is expected to disclose 39 accounting changes geared to make the transactions it handles more transparent. The investment bank said...

Tomorrow will be a big day for Verizon Wireless, as the company is expected to announce it soon will offer customers the Apple iPhone. Since the...

The U.S. Labor Department's jobs report threw us for a loop today. The nation's unemployment rate fell from 9.8 to 9.4 percent today -- the lowest...

A series of cost cutting tactics and management failures by BP and other companies, including Halliburton, are to blame for the Gulf oil spill...

Increasing oil prices could end the global economic recovery, according to Fatin Birol, chief economist at the International Energy Agency. Birol...

Today, Motorola calls it "splits" -- dividing up its business into halves based on stability and risk. For years, Motorola stayed afloat by...

Investment bank Goldman Sachs has "friended" Facebook. The mega-bank is pouring half-a-billion dollars into Facebook, boosting the social network's...

Cities across the world are preparing to celebrate the new year. But in the face of budget deficits and government cut-backs, how much is...