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.
Posted: 05/04/2009 - The United Auto Workers union says it intends to sell off its 55-percent stake in the new Chrysler as soon as possible to help cover the trust fund that be will responsible for retiree health care as of next year.
Updated: 05/12/2009 - Signs of increasing energy demand in China, the world's second largest consumer, lifted oil to near $54 a barrel Monday.
Posted: 05/04/2009 - The National Association of Realtors says pending U.S. home sales rose from February to March as buyers took advantage of deeply discounted prices and low interest rates.
Posted: 05/04/2009 - Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing.
Posted: 05/04/2009 - Wall Street is extending its rally as reports on housing and construction show improvement for March.
Posted: 05/04/2009 - Sprint Nextel Corp., the nation's third largest wireless service provider, says it had a larger first-quarter loss on declining revenue,
Posted: 05/02/2009 - Drivers will find the price at the pump higher this weekend
Posted: 05/01/2009 - The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.
Posted: 05/01/2009 - A private group's measure of the manufacturing sector's health shows slower contraction in April than in the previous month, a possible sign that the economy is stabilizing.