News and Finance

Proof of the anxiety U.S. retailers are feeling this holiday season lies in a pile of new department store orders on Gene Zuckerman’s desk.
The […]

The Obama administration’s pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of […]

Walgreen Co, the largest U.S. drugstore chain, reported a quarterly profit that topped expectations as it began to benefit from a make-over that includes […]

It helped Elizabeth Poelker buy her house.
It probably helped Paul Medler sell his.
But is the $8,000 tax credit for first-time homebuyers really […]

Twenty-two large banks in Europe may have accumulated credit losses of close to 400 billion euros ($587 billion) for this year and next, the […]

U.S. investigators believe 10 or more people associated with imprisoned swindler Bernard Madoff could be criminally charged in the coming months or beyond, a […]

CANNES–A U.S. recovery is likely to begin this autumn, the worst of the crisis has passed and it is "reasonable to be optimistic for […]

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 […]

U.K. residential mortgage-backed bond markets may stay shut throughout the rest of this year as banks nurse losses from the financial crisis, according to […]