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Gas prices fell for the ninth consecutive day, according to a survey of credit card swipes at service stations across the nation released on Sunday.
The national average price dropped for its ninth consecutive day to $1.627 a gallon, down 0.3 cents from the previous day, according to the motorist group AAA.
The national average last […]
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New York — Stocks rose Friday, giving the Standard & Poor’s 500 index its first back-to-back gains in three weeks, after GMAC’s conversion to a bank spurred a rally in General Motors Corp. and oil’s increase sent Exxon Mobil Corp. higher.
GM jumped 13 percent, and Ford Motor Co. climbed 8.5 percent. The […]
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The number of existing homes sold during November plummeted 8.6% as prices plunged by record amounts, according to a closely watched housing industry report issued Tuesday.
The National Association of Realtors said that home sales dropped to an annualized rate of 4.49 million units. That was down from 4.98 in October and much less than […]
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The Irish government will invest 5.5 billion euros ($7.68 billion) in the country’s three main lenders, taking majority control of Anglo Irish Bank () after a loan scandal there rocked an already beleaguered industry.
Investors have been waiting for months for a bailout plan to match schemes in other countries, but pressure on the government […]
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Despite all that’s been written about the Bernard Madoff scandal, what’s remarkable is how much we don’t know about the fraud allegedly committed by the respected philanthropist and former chairman of the Nasdaq.
Question 1: How much money did Bernard L. Madoff Investment Securities LLC lose?
In the Securities and Exchange Commission complaint against Madoff, the […]
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The U.S. Federal Reserve will take whatever steps necessary to keep financial markets open and end the country’s year-long recession, Dallas Federal Reserve Bank President Richard Fisher said on Thursday.
“We will not shy from pursuing every practicable means of supporting the functioning of financial markets and stimulating the economy back to a steady state […]
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WASHINGTON — The White House gave troubled Detroit automakers public reassurances Monday that short-term government help was in the works as a key senator suggested the aid package could reach $15 billion for two companies.
General Motors Corp. and Chrysler LLC have said they could run out of cash within weeks without support […]
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The future of the U.S. auto industry was in doubt Friday morning after a proposal for $14 billion in federal loans died in a late night Senate vote.
The Senate voted 52-35 to bring the measure for a vote — short of the 60 votes needed to advance the legislation. The failure followed the collapse […]
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Despite a meltdown in financial markets, a credit freeze and soaring unemployment, housing markets fared better than expected in October.
The number of homes under contract to be sold fell by just 1% year over year according to a report out today from the National Association of Realtors (NAR), and were down 0.7% from September. […]
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President-elect Barack Obama on Saturday revealed five parts of his plan to save or create 2.5 million jobs by 2011, and said he will push for immediate action by Congress when he takes office in January.
Obama wants to make public buildings more energy-efficient; repair roads and bridges; modernize schools; increase broadband access; and ensure […]
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