Posted: 05/12/2009 - Bankers are pushing back against a bill that would prohibit arbitrary credit card rate hikes and make it harder for people under 21 to get a card.
Posted: 05/12/2009 - Shares of General Motors have tumbled to the lowest since 1933 today. Investors feared dilution of their stock or bankruptcy as the company approaches the June 1 restructuring deadline.
Posted: 05/12/2009 - Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter. First-time buyers looking for bargains were dominating the market.
Posted: 05/12/2009 - Wall Street is rebounding moderately in early trading as investors look for the next catalyst to extend a two-month rally.
Posted: 05/12/2009 - The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports. The politically sensitive deficit with China increased.
Posted: 05/12/2009 - Federal Reserve Chairman Ben Bernanke says results of the government's unprecedented "stress tests" of the nation's 19 largest banks should bolster Americans' battered confidence in the U.S. banking system.
Posted: 05/11/2009 - Federal Reserve Chairman Ben Bernanke says results of the government's unprecedented "stress tests" of the nation's 19 largest banks should bolster Americans' battered confidence in the U.S. banking system.
Posted: 05/11/2009 - KeyCorp has joined several other banks Monday in announcing public stock offerings. It is among 10 major banks ordered by the government to raise more capital as a buffer against future losses.
Posted: 05/11/2009 - Three banks that have received a clean bill of health from the government are announcing plans to raise capital to repay government funds received last fall.
Posted: 05/07/2009 - Shares of Bank of America are surging, hours ahead of the expected announcement of bank stress test results, and after two analysts upgraded their views on the company.
Posted: 05/07/2009 - The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country's deep recession.
Posted: 05/06/2009 - Gold prices and other commodities are higher, buoyed by a falling dollar and an increasingly upbeat outlook on the economy.
Posted: 05/06/2009 - The new prices include a 2-cent increase in the price of a First-Class Mail stamp to 44 cents.
Posted: 05/06/2009 - Navigational device maker Garmin Ltd. says first-quarter profits fell 67% and widely missed Wall Street expectations as the company took the brunt of slower consumer spending.
Posted: 05/06/2009 - Bank of America stock is falling in premarket trading amid reports that it needs $34 billion in new capital.
Posted: 05/05/2009 - General Motors Corp. says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.
Posted: 05/05/2009 - A private measure of the U.S. services sector contracted for the seventh straight month in April but at a slower pace, the latest sign the economic downturn could be moderating.