October 2012 Headlines

Eurozone Unemployment Hits Record High

Unemployment in the Eurozone hit a record high of 11.6 percent in September.

Economists Speculate on Sandy's Economic Fallout

Analysts are already counting the cost of damage done by superstorm Sandy. Estimates range from $10 to $20 billion.

Wall Street Closed for a Second Day

Wall Street will remain closed for a second consecutive day Tuesday after superstorm Sandy left lower Manhattan flooded and largely without power.

Report: A Million Jobs Already Lost to 'Fiscal Cliff'

The so-called "fiscal cliff" has already cost the economy about one million jobs this year, according to a report by the National Association of Manufacturers.

Investors Worry Dow Drop Start of Deeper Decline

Investors are wondering if the recent drops in the U.S. stock market are simply part of a correction or if they're the start of a deeper decline.

'Lead with Love' Transforming Corporate America

On Wall Street,  the topic "leading with love" rarely comes up. Joel Manby, CEO of one the country's leading theme park companies, hopes to change that.

Gas Prices Dropping after Record Highs

Energy analysts say consumers could be looking at a drop in gasoline prices over the coming weeks.

Taxes to Increase for 163 Million Starting 2013

A temporary cut in the Social Security payroll tax is set to expire at the end of this year, meaning taxes will go up next year for 163 million American workers.

Job Seekers Dropping Out of the Workforce?

With U.S. unemployment now below 8 percent, some suggested the job market is improving. But others say many jobs seekers have simply given up looking for work.

Fairest of Them All: Finding Real Economic Justice

The president has said he wants to see the wealthy pay their fair share in taxes. But author Stephen Moore says there's nothing fair about making everyone poor.

IMF Projects Weaker World Economy in 2013

The International Monetary Fund warned that the world economy will be weaker than expected next year and possibly fall into a serious slump.

A Mouse Click Away: Porn's Insidious Business Model

The U.S. is the number one producer of illegal porn. It's a multi-billion dollar industry, and you may be surprised by what's behind the business boom.

Americans Say They'll Donate Less if Obama Elected

A new survey by Campbell Rinker found that 21 percent of donors say they would decrease their giving if the president wins.

Layaway Offers Could Gobble Up Hot Christmas Gifts

This season's most wanted toys range from under $30 to more than $100. But many retailers are reinstating their layaway plans to cover the costs.

France Poised to Levy 75 Percent Income Tax

The French government hopes the new spending plan will slash the deficit by 3 percent, or $30 billion euros, by next year.