New hope for the economy just gave the stock market its best July in 20 years. Investors placed big bets over the last month that the profit machine at U.S. companies will continue to rev higher and that the longest recession since World War II is finally easing its grip.
Regulators have shut down banks in Florida, New Jersey, Ohio and Oklahoma, boosting to 68 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults.The Federal Deposit Insurance Corp.
U.S. stocks were meandering in and out of positive territory on Friday following the release of the GDP for the second quarter which showed the recession contracting.
Interview and discussion with Jim Paulsen of the Wells Capital Management. He says trade net exports may be biggest contributor to GDP growth.
Traders used good news about the economy Friday to give the Dow Jones industrials their best July in 20 years.
With time running short, a judge in Miami wants an update on settlement talks in the U.S. effort to obtain names of thousands of suspected American tax evaders from Swiss bank UBS AG.
LONDON a ' Oil prices traded below $67 a barrel Friday as a stock market rally in the U.S. and Asia fizzled out in Europe and as investors braced for a key economic growth figure out of the U.S. Benchmark crude for September delivery was down 32 cents to $66.62 a barrel by midday European time in electronic trading on the New York Mercantile ...
WASHINGTON a ' House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp.
Close You asked. We're building it. TSX rebounds on strong earnings reports Traders gather at the post on the floor of the New York Stock Exchange that handles General Motors, Monday June 1, 2009.
In this file photo taken on July 31, 2008, Japanese office workers are reflected on a signboard of Mizuho Financial Group in Tokyo.
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