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Treasury provides $3B more for foreclosure program
The government will provide another $3.1 billion to a group of mortgage servicing companies as an incentive to modify loans...
business
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Obama promises to close regulatory gaps
As the Obama administration prepares to unveil an overhaul of the way financial institutions are regulated, President Barack Obama says...
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GE to offer electronic medical record financing
General Electric Co.’s health care division said Monday it will offer financing to doctors and hospitals that buy GE’s electronic...
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Stocks fall as dollar pushes oil, commodities down
Investors are worrying that a three-month surge in stocks might be overdone. Wall Street slid Monday following drops in Europe...
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Foreign demand for US financial assets falls
Foreign demand for long-term U.S. financial assets fell in April as both China and Japan trimmed their holdings of Treasury...
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Summers says financial rescues were ‘necessity’
President Barack Obama’s economic adviser on Friday defended the administration’s efforts to rescue banks, insurance companies and car makers, saying...
Volcker says US growth possible this year
Global financial markets are starting to heal and the U.S. economy could begin to grow again this year, but a...
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Better data on jobs, retail sales lift stocks
Investors welcomed a better-than-expected report on jobless claims and growth in retail sales, pushing stocks higher Thursday morning. Investors have...
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Southwest CEO says June looking worse than May
The CEO of Southwest Airlines says June revenue looks weaker than May, and he doesn’t yet see signs of a...