Five-star hospitals? Government unveils new ratings

Patients gave the esteemed Mayo Clinic four out of five stars in the new Medicare hospital rating system. Many of the nation's leading hospitals received middling ratings, while comparatively obscure local hospitals and others that specialized...

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Oil job cuts keep coming: Schlumberger lays off 11,000

Another 11,000 people lost their jobs at Schlumberger, a company that provides tools and services for oil and gas companies. It's the second big layoff at Schlumberger this year. It cut 9,000 workers in January. Schlumberger's workforce is now 15%...

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IBM warns Louisiana over 'religious freedom' bill

"A bill that legally protects discrimination based on same-sex marriage status will create a hostile environment for our current and prospective employees, and is antithetical to our company's values," IBM vice president James Driesse wrote in a letter...

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GM shielded from ignition lawsuits by bankruptcy rule

The decision by Federal Bankruptcy Court Judge Robert Gerber upholds GM's so-called bankruptcy shield. GM acquired the shield as part of its bankruptcy reorganization when a new company was created in 2009, referred to in court as "New GM." "Judge...

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Bubble trouble: China's stock market looks too hot

Chinese equities are officially on fire. The Shanghai Composite has skyrocketed 78% since just before Halloween. It recently crested the 4,000 level for the first time since the financial crisis. Yet stocks in China have achieved red-hot status...

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Japan now holds more U.S. debt than China

Data from the Treasury Department released Wednesday show that Japan owned $1.2244 trillion worth of U.S. government securities at the end of February, compared to $1.2237 trillion for China. Both countries unloaded U.S. debt during the month of January,...

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China's economic growth drops to slowest pace since 2009

Gross domestic product expanded by 7% in the first three months of 2015, compared to the same period last year, according to China's National Bureau of Statistics. While that matches the expectations of economists surveyed by CNNMoney, it is quite...

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