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Oil Cartel Talks

Updated: 10/04/2010 - Iran's oil minister says the Islamic republic, Russia and Qatar discussed formation of an OPEC-style cartel of gas exporting countries.

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FDIC Wants Insurance Premium Increases

Updated: 10/04/2010 - The head of the FDIC is asking for an increase in premiums that will double the average paid by U.S. banks and thrifts...

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Feds To Buy Debt...

Updated: 10/04/2010 - The Federal Reserve has announced a radical plan to buy massive amounts of short-term debts...

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Fed Will Pay Interest on Bank Reserves

Updated: 10/04/2010 - The Federal Reserve says it will start paying interest on commercial banks' reserves and will expand its loan program to squeezed banks.

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US House Hearing on Lehman Failure

Updated: 10/04/2010 - With the $700 billion-dollar financial industry bailout bill now signed into law, the House is looking into what drove Lehman Brothers into bankruptcy.

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Congress Leaving With Tax Problem

Posted: 09/29/2008 - House Democrats are refusing to back down in their fight with their Senate on tax policy, increasing the odds that Congress will adjourn without acting to shield millions of people from the alternative minimum tax.

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Stock Futures Up

Posted: 09/25/2008 - Wall Street is heading for a higher open as investors apparently shrug off readings on employment and orders for big-ticket manufactured goods...

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House Approves Alternative Minimum Tax Fix

Posted: 09/24/2008 - The House has approved legislation to protect more than 20 million people from getting stung by the alternative minimum tax this year.

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Hanesbrands To Close Nine Plants, Cut 8,100 Jobs

Posted: 09/24/2008 - The maker of Hanes and Champion apparel says it is expanding its supply chain production capability in Asia and consolidating into fewer and larger plants in lower-cost countries.

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Stocks Up Modestly On Buffett-Goldman Deal

Posted: 09/24/2008 - Financial markets are showing some signs of stabilizing following investor Warren Buffett's $5 billion bet on Goldman Sachs Group Inc.

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Chairman Cox Urges Regulation Of Debt Insurance

Posted: 09/23/2008 - While Congress is looking for an immediate solution to the natoin's financial crisis, Securities and Exchange Commission Chairman Christopher Cox is asking lawmakers to also regulate a kind of corporate debt insurance that plays a role in today's problems.

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House Approves Anti-Speculation Measures

Posted: 09/18/2008 - The House has approved measures to curb speculation in oil and other commodity markets, ignoring a White House veto threat.

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New York AG Launches Probe Of Short-Selling

Posted: 09/18/2008 - New York's attorney general says he's launching an investigation into whether some traders used illegal tactics to drive down the stock price of several Wall Street firms.

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