Mortgage rates plummet amid recession fears

Mortgage rates sank this week, but they could soon begin to rise once again.

Smithfield Foods settles pork price-fixing lawsuit for $42M

Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices.

Mortgage rates slip as talk of looming recession heats up

Talk of recession risk is heating up, sending mortgage rates down this week after weeks of increases, according to Freddie Mac.

Analysts: Bed Bath & Beyond stores turned down air conditioning to save money

Bed Bath & Beyond is being accused of turning off the air conditioning in stores in an effort to cut costs as the retailer grapples with a significant drop in sales.

High-tech firms are announcing layoffs, hiring freezes

Last week's announcement that Netflix is laying off 300 workers — 3% of its staff — provided yet another worry that inflation in is tearing at the structure of the critical high-tech industry from where so many good jobs flow. 

Frontier Airlines adds cash to sweeten offer for Spirit merger

The Denver-based airline also raised the amount it would pay Miramar, Florida-based Spirit if antitrust regulators stop the deal.