Hewlett-Packard announced its quarterly earnings were down 90 percent from the previous quarter. The company is going through big changes. It just spent most of its cash on an acquisition, took on $4 billion of debt and named Meg Whitman as the new CEO.
Lawmakers have spent much of this year struggling to reach a deal that could get budget deficits under control. But the problem has been developing for at least a decade.
Young voters might not be familiar with the government of the year 2000 — at least not by its balance sheet. The economy: booming. Tax revenue: rolling in. Expenses for war: none. And to top it off, there was a $200 billion surplus.
MF Global is the securities firm run by Wall Street veteran and former New Jersey Gov. Jon Corzine. The firm filed for bankruptcy protection last month after making bad bets on European government bonds. A trustee was appointed to wind down the company.
Each year an average of 250 people are rescued from inside Grand Canyon. Many of them are hikers unprepared for the substantial temperature difference between the top of the rim and inside the canyon. Hikers can be surprised as they start with pleasant 70-degree temperatures at the top and approach a dangerous 100 degrees, or more, near the river.
Now the National Weather Service is working to address that gap in perceptions. With help from the Park Service, it installed two weather stations inside the Canyon: one at Indian Garden Campground, the other at Phantom Ranch.
The head of Egypt's ruling military council said the transfer of power to a civilian government would come no later than July, but that if the people demanded it, he would allow a referendum that could make the shift even sooner.
In his address, Field Marshal Hussein Tantawi sought to cast the military as the nation's foremost patriots and angrily denounced what he called attempts to taint its reputation.
"People and the armed forces are together," he said in the 10-minute speech.
Within the Republican presidential field, no one has talked tougher about China than Mitt Romney. He has vowed to go after that country from his first day in office, threatening to slap tariffs on Chinese imports to make up for its artificially low currency.
"We can't just sit back and let China run all over us," Romney said. "People say, 'Well, you'll start a trade war.' There's one going on right now, folks. They're stealing our jobs. And we're going to stand up to China."
In Louisville, Ky., local businessman John Timmons is trying to figure out what's next after selling music for more than a quarter of a century.
Timmons owned ear X-tacy records for 26 years here. The shop closed at the end of October. On a recent visit, dead roses, farewell notes and other mementos are taped to the glass doors. Fans of the shop have also been slipping notes of support under the door.
The Occupy Wall Street movement has directed much of its anger at giant banks, which are no strangers to customer complaints. Some of those who have been burned by high fees in recent years are now satisfying their banking needs with a giant retailer instead, as Wal-Mart surges into the financial sector with a pre-paid, reloadable debit card called the MoneyCard.