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E-Trade 2Q Loss Widens To $143 Million

Updated: 07/22/2009 - Online broker E-Trade Financial Corp. says it had a deeper second-quarter loss as loan defaults and investments continued to pressure profit.

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Some IMF Members Say China's Currency Undervalued

Posted: 07/22/2009 - The International Monetary Fund is welcoming China's progress in letting the market determine the value of its currency, the yuan, but says some countries believe it remains "substantially undervalued."

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Gold, Other Metals Rise; Oil Prices Fall

Posted: 07/22/2009 - Prices for gold and other metals are slightly higher, but other commodities are mixed as investors assess the latest batch of corporate earnings reports.

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GM, Chrysler Defend Dealer Cuts

Posted: 07/22/2009 - General Motors and Chrysler are defending their plans to eliminate about 3,000 dealerships across the nation during the second day of congressional hearings on the auto industry.

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Company: Crescent Oil President Guilty Of Fraud

Posted: 07/22/2009 - A Texas company accused of defrauding a Kansas-based gasoline distributor that eventually filed for bankruptcy says it was the one that was a victim of fraud.

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Wal-Mart Settles Lawsuit By Wash. Workers For $35 Million

Updated: 07/22/2009 - Wal-Mart Stores Inc. has agreed to pay $35 million to settle a class-action lawsuit that says workers at Washington state stores were forced to skip meal and rest breaks or work off the clock.

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Canadian Oil Giants Closer To Completing Takeover

Posted: 07/22/2009 - Canada's competition bureau has approved the merger of Suncor Energy Inc. and Petro-Canada that will create the country's largest energy producer once the deal is complete.

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AirTran Swings To 2Q Profit Of $78.4 Million

Posted: 07/22/2009 - AirTran Holdings Inc., parent of discount carrier AirTran Airways, posts a $78.4 million second-quarter profit, as revenue falls almost 13%.

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Morgan Stanley Posts 2Q Loss Of More Than $1.2B

Posted: 07/22/2009 - Morgan Stanley says it lost more than $1.2 billion during the second quarter as it took a charge to repay government bailout money. The investment bank was also hurt for a second straight quarter by the improving value of its own debt.

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Fed Chief Back Before Congress

Updated: 07/22/2009 - Federal Reserve Chairman Ben Bernanke is heading back to Capitol Hill for a second day before Congress.

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Money Matters

Updated: 07/22/2009 - A lot of us have tired to put away the credit cards during the recession but, if you're ready to spend again, or maybe you're trying to establish credit it's ok to use a credit card wisely.

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Apple Profit Up 15 %, Helped By iPhones, Laptops

Posted: 07/21/2009 - Apple Inc., the closest thing the tech industry has to a luxury brand, said Tuesday its profit jumped 15% in the most recent quarter despite the recession.

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Stocks Rise Moderately To Extend Weeklong Rally

Updated: 07/21/2009 - Stocks are ending with moderate gains Tuesday, recovering from earlier losses, as investors juggle strong results at Caterpillar with worries about regional banks.

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Ford To Sell Improved EcoBoost Engine

Posted: 07/21/2009 - Ford Motor Co. says it will offer its EcoBoost engine in 4-cyclinder vehicles starting next year in an effort to provide greater fuel economy to consumers without compromising on horsepower.

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White House Seeks Tighter Rules For Credit Raters

Posted: 07/21/2009 - The Obama administration on Tuesday sent Congress legislation seeking to tighten government oversight of Wall Street's credit rating agencies and stem potential conflicts of interest in their business practices to protect investors.

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