Financial News - CaymanCommunity.com

Postal Service's next deadline: Aug. 1 The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law.

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GM won't advertise in the 2013 Super Bowl General Motors will not advertise during this year's Super Bowl game, the automaker said Friday.

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New York penthouse sells for a record $90 million An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer.

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Anti-social: Zynga tumbles after Facebook IPO Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut.

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Thrilled and bummed by Google's self-driving car My first ride in Google's self-driving car was, all at the same time, thrilling, fascinating and a little disappointing.

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Enough on Facebook! Buy Google or Apple Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be.

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Facebook: Many mutual funds already have a stake Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets.

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Facebook trading sets record IPO volume Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price.

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Stocks: Worst week of the year Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market.

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Europe fears pressure world markets European and Asian markets closed lower on Friday amid anxiety about Spanish and Greek banks and worries of a further slowdown in China.

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'I have an airplane hangar in my front yard' Like so many Americans across the nation, Julie Clark commutes to work. But she doesn't drive, walk or even take a bus or train. Instead, she flies a plane.

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'What should we do with a $100,000 windfall?' We are retirement age and expect a windfall of $100,000. What should we do? -- Debbie, Jamestown, N.Y.

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Stocks: Facebook IPO vs. Europe worries U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis.

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Push your health care insurer to pay more It's inevitable -- as you age, your body requires more repair. But there are ways to lower your medical costs. .

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Save on health care, even as your body falls apart You managed to glide through your twenties and thirties without any major health issues. Yet, as the calendar pages turn, you're finding that a host of minor -- and perhaps a few major -- medical problems keep cropping up. The doctor shakes her head when she sees your blood pressure and cholesterol numbers.

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Vacation? No thanks, boss Dubbed the "no vacation nation," the United States lags behind most other developed countries when it comes to vacation days. But Americans don't seem to mind.

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Paying companies to hire the unemployed Would you donate $6,000 to subsidize someone else's job?

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Greek banks strain for cash The Greek financial system is straining hard for cash.

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Why Facebook won't start trading at the opening... The most hyped IPO of the year is here, but you won't be able to trade Facebook's stock right when the market opens at 9:30 on Friday.

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Moody's downgrades Spanish banks Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.

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Articles last updated at May 19, 2012 01:50:21am.
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