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WWCA News

Western Wireless to Sell Unit

The company will sell its Irish business for about $500 million.

Bulls Won't Back Down

The major averages have another good day, led by energy.

Alltel Posts Profit Gain

The telco shows solid growth on the wireless side.

Gains Muted

Major averages rise in concert for the first time in 2005, but the afternoon is tough.

Stocks Finish With Moderate Gains

The indices end in the green despite another afternoon fade.

Breaking News

Treasury Yields Jump After Weak $43 Billion 2-Year Auction, Sliding Foreign Demand

The Treasury sold $43 billion in 2-year notes at a high yield of 4.29% - nearly a full percentage point above last month's auction levels.

Economist El-Erian Sees Strong Chance for Recession

But he thinks the Fed must keep raising interest rates to quell inflation. And he expects continued market volatility.

Pound Collapse Puts Dollar Parity, Emergency Bank of England Rate Hikes in Focus

Britain's new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar.

What Happens to Your Credit Card When Interest Rates Rise

With interest rates soaring, credit card consumers may be in for a shock