Stocks News

Thu Jul 2, 2009 5:06am EDT -Traders work on the floor of the New York Stock Exchange May 19, 2009.

CHARLOTTE, N.C. - Bank of America Corp. said Thursday its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.

Interview and discussion with Robert Clarke of the Bracewell & Giullani L.L.P. He talks about banks mortgages securities and how they handle them.

Struggling homeowners may soon be getting more help from Uncle Sam. Housing and Urban Development Secretary Shaun Donovan announced today that Fannie Mae and Freddie Mac will begin refinancing mortgages with loan-to-value ratios of 125 percent.

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy's road to recovery will be bumpy.

Federal Finance Minister Jim Flaherty answers questions after a meeting with his provincial and territorial counterparts in Mississauga, Ont.

With Peter Pan as inspiration, Michael Jackson turned his lush Neverland ranch into a whimsical retreat with carnival rides, a chimpanzee named Bubbles and even a Disney-like train station where he could recapture his lost childhood.

THE Australian share market opened higher after a positive lead from Wall Street and a boost among the resources stocks.

Asian stocks were mostly higher Thursday, but buying was restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of recovery in the world's largest economy.

The European Central Bank meets today in Luxembourg as the threat of deflation looms over the recession-hit euro zone.