Stocks tumble as Republicans balk at House Speaker Boehner's tax bill. But things could have been worse. Nike jumps on strong North American business. Trading ends early Monday, and markets are closed Tuesday for Christmas.
The Dow could open as much as 200 points lower after House Speaker Boehner pulls his 'Plan B' tax bill, which couldn't win enough Republican votes to pass. President Obama will have to come up with a specific plan, he says.
Existing-home sales rise in November, and prices move up, too. But one expert wonders if the housing bust will make many would-be buyers wary of the risks.
The weight-management company sees shares fall nearly 13% after a high-profile fund manager questions the business.
| Tags: | Investing |
Investors are betting that strong gun sales will continue in anticipation of a crackdown on assault weapons.
| Tags: | GunsInvestingWall Street |
The automaker needs to break its ties to the Treasury and will spend $5.5 billion to buy back shares. The government is in no rush to sell its remaining stake, however.
The New York Times says the retail giant routinely paid out bribes to win approvals for at least 19 big stores in Mexico. And the problem may extend to other international markets as well.
Reports warn that delaying investment in the nation's infrastructure will further hurt the economy and lead to higher future costs.
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