News and Finance

President Obama’s economic team might be able to crack the champagne: Congress has just passed bills aimed at helping consumers weather the financial crisis.
The […]

Loan servicers are overwhelmed by the flood of applications. Mortgage investors are angry about a congressional bill prohibiting them from suing servicers that modify […]

Europe sank to what may be the recession’s low point in the first quarter of the year as tumbling German exports and investment plus […]

If the just-settled lawsuit in California was meant to make YTB International change its ways, the suit filed Thursday by the state of Illinois […]

With bank stress tests out of the way, the Obama administration has turned its focus to reshaping how the government oversees financial institutions and […]

Lehman Brothers Holdings Inc, which sent global markets into a tailspin after filing for bankruptcy in September 2008, is looking at spinning off its […]

Three large U.S. banks deemed by the government to have sufficient capital Monday announced large common stock offerings, and will use proceeds to repay […]

GRAY SUMMIT — On a hilltop at Purina Farms, yellow Caterpillar earth movers and green John Deere tractors stood idle. But Chance, a little […]

Struggling automaker General Motors reported a $6 billion loss during the first three months of the year Thursday, and said it will need more […]

The European Central Bank cut its main interest rate on Thursday to 1.0 percent, and financial markets are now focused on any alternative policy […]