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Number Of New Credit Cards Issued Rises

Posted: 08/14/2012 - An analysis of consumer-credit data shows that Americans are carrying more credit card debt than a year ago, yet the late-payment rate for card holders remains near an 18-year low.

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Camp Aims To Lift Clown Frowns During Slow Economy

Posted: 08/14/2012 - Several dozen clowns from around the U.S. and Canada gathered to learn new magic tricks, sharpen their punch lines and train would-be professional buffoons at a clown camp in Southern California.

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Applications For Unemployment Aid Fall By 6,000

Posted: 08/09/2012 - The number of Americans applying for unemployment benefits fell by 6,000 last week to a seasonally adjusted 361,000, a level consistent with modest gains in hiring.

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Late Payments On Mortgages Hit 3-Year Low

Posted: 08/07/2012 - U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report.

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Knight Avoids Collapse With $400 Million Lifeline

Posted: 08/06/2012 - Knight Capital Group, the trading firm responsible for last week's stock market mayhem, avoided collapse by lining up a $400 million lifeline from a group of other Wall Street companies Monday morning.

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U.S. Consumer Confidence Rises In July

Posted: 07/31/2012 - U.S. consumer confidence rose in July after four months of declines, as a brighter outlook for short-term hiring offset longer-term worries about the economy.

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Home Prices Rose In All Major US Cities In May

Posted: 07/31/2012 - Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.

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Ford Recalls Nearly 500K Escape SUVs For Sticking Pedals

Updated: 07/28/2012 - The new recall, which affects 2001 to 2004 models that have 3-liter, V-6 engines with cruise control or approximately 484,600 vehicles, was ordered after safety inspectors discovered the accelerator's speed control cables could become stuck.

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House GOP Passes Latest Anti-Regulation Bill

Posted: 07/26/2012 - The Republican-led House has passed legislation that would freeze major government regulations until the unemployment rate, now at 8.2 percent, drops to 6 percent or below.

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U.S. Jobless Claims Drop By 35,000

Posted: 07/26/2012 - The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.

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Rate On 30-Year Mortgage Hits New Record Low

Posted: 07/26/2012 - The average rate on the 30-year fixed mortgage fell again, this time dropping below 3.50 percent for the first time on records dating back 60 years.

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Sprint Loss Widens, But Revenue Beats Estimates

Posted: 07/26/2012 - Sprint Nextel's loss widened in the second quarter as the country's third-largest wireless carrier wrote down the value of its moribund Nextel network.

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Senate Ready For Symbolic Showdown On Tax Cuts

Posted: 07/25/2012 - Senate leaders have reversed course and decided to stage showdown votes on rival Democratic and Republican plans for extending broad tax cuts next year that will otherwise expire in January.

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US New-Home Sales Fall To 5-Month Low

Posted: 07/25/2012 - Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market could make the housing recovery slow and uneven.

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