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JPMorgan CEO Says Execs May Have Pay Taken Back

Posted: 06/13/2012 - JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.

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US Stocks Turn Higher On Hopes Of Stimulus

Posted: 06/12/2012 - U.S. stocks are closing higher, recovering some of their big loss from a day earlier, after a Federal Reserve official said he supported more measures to stimulate the economy.

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Key Senator Wants Tax Overhaul To Boost Economy

Updated: 11/28/2012 - The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.

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Looming Tax Hike Not The Biggest Ever

Posted: 06/11/2012 - Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts are scheduled to expire unless Congress acts.

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Global Food Prices Down Sharply

Posted: 06/07/2012 - A U.N. agency says world food prices dropped sharply in May, reaching their lowest level in eight months due to favorable supplies and currency fluctuations.

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Early Gains Put Dow Positive For The Year

Posted: 06/06/2012 - An early charge on Wall Street has put the Dow Jones industrial average on track for a second straight day of gains -- something that hasn't happened since late April.

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Ford Sales Up 13% In May

Posted: 06/01/2012 - Ford Motor Co. says its U.S. sales rose 13 percent in May on strong demand for its F-Series pickups and SUVs.

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Mortgage Rates Fall To Historic Lows

Updated: 05/31/2012 - Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever. Low rates have helped brighten the outlook for home sales this year.

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