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Sprint Nextel Reports Larger 1Q Loss

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,

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Factory Orders Drop 0.9 Percent In March

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.

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Report Shows Slower Manufacturing Contraction

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.

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Fed Sees Signs Recession May Easing

Updated: 04/29/2009 - The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak.

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WaMu Sues JPmorgan Chase

Posted: 04/28/2009 - Lawyers for Washington Mutual Inc. have filed a bankruptcy court complaint against JPMorgan Chase & Co. over some $4 billion in disputed assets.

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Agreement Reached on Budget Endorsing Obama Goals

Posted: 04/27/2009 - A top senator says Barack Obama's Democratic allies in Congress have sealed agreement on a budget outline for next year that endorses the president's goals of expanded health care and more money for education and clean energy.

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UAW Leaders Recommend Approval of Chrysler Deal

Posted: 04/27/2009 - United Auto Workers President Ron Gettelfinger says the union's factory-level leaders voted unanimously Monday night to recommend that members approve concessions designed to keep Chrysler LLC out of bankruptcy.

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Swine Flu Fears Are A Boon To Drugmakers' Shares

Updated: 04/27/2009 - Shares of makers of flu treatments, tests and vaccines are rising Monday as a swine flu outbreak makes its way across the globe, sparking fears of a pandemic.

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Stocks Mixed At Midday

Posted: 04/27/2009 - The swine flu prompted investors to take stocks lower in the early going, but the market has remained resilient after General Motors announced a restructuring plan.

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Treasury Lends $2 Billion More To General Motors

Posted: 04/24/2009 - The Treasury Department says it has provided General Motors Corp. with another $2 billion in federal loans as the giant automaker struggles to restructure.

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March Home Sales Down 0.6 Percent

Posted: 04/24/2009 - The government says new U.S. home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market.

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