An unexpected jump in U.S. durable goods orders last month backed hopes that the economy was healing, but news from the hard-hit housing market remained mixed.
Federal Reserve Chairman Ben Bernanke tried to "cover up" government pressure on Bank of America's CEO Ken Lewis to finalize its acquisition of Merrill Lynch, according to the ranking Republican member of the House Oversight and Government Reform Committee a day before the Fed chief testifies before that panel about this year's merger.
Federal regulators on Wednesday proposed tightened rules for money-market mutual funds that will require them to hold a reserve of assets that could be easily sold and to invest only in the highest quality securities.
A bankruptcy judge said Wednesday that managers of the Lehman Brothers estate can investigate whether Barclays got "too good of a deal" when it bought Lehman's broker-dealer unit last fall.
Wed Jun 24, 2009 4:23am EDT - A businessman takes an escalator as a stock quotation board is reflected on a window in Tokyo June 23, 2009.
In a bid to further unclog credit markets in the euro zone, the European Central Bank said Wednesday that it would lend a record 442 billion euros or $617.8 billion to banks for 12 months.
The Australian share market closed marginally higher amid directionless trading ahead of the US Federal Reserve's monetary outlook meeting in the United States.
Citigroup Inc. is increasing base salaries for many of its employees as it restructures its compensation program amid new restrictions on bonus payments.
Software maker Oracle Corp. 's results for its latest quarter topped Wall Street's forecast Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit.
U.S and Europe file China trade dispute with World Trade Organization .
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