Southwest Airlines Co. earned a profit in the second quarter and beat Wall Street expectations by continuing to rely on financial deals that lowered its fuel costs.
A federal grand jury reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial Corp., New Century Financial Corp.
Stocks take a hit as housing's recovery is postponed 3:03 PM, July 24, 2008 The stock market gave back a hefty chunk of its July rally today as fresh data pointed to more economic pain.
State Attorney General Andrew Cuomo says the banking giant led investors to believe that risky auction-rate securities were safe and left them holding the bag.
Jobless claims jumped last week and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold homes weighed on the real estate market, data on Thursday showed.
Cleveland-based National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.
EUROPEAN stock markets posted solid gains overnight, powered by positive corporate results, notably in the banking and auto sectors, and in response to falling oil prices.
An April 24, 2008 file photo shows the logo of the Credit Suisse in Zurich, Switzerland.
Canon Inc. said Thursday its second-quarter profit fell 13 percent from a year ago as a stronger yen chipped away at the value of booming overseas sales of color copiers.
By STEPHEN BERNARD The Associated Press Wednesday, July 23, 2008; 6:29 PM NEW YORK -- Student lender SLM Corp.
Recent Comments