IBT Staff Reporter

The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.

Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co , accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans.

Bank of America said on Friday that three more directors have decided to leave its board bringing the number of exits this year to 10.

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

Madonna's spiritual awakening was revealed in Israel's leading tabloid Yediot Ahronot.

Three more directors have decided to leave the Bank of America board bringing the number of exits this year to 12. According to reports from the Wall street Journal, their decision to leave is not due to any disagreement with the Banking group nor its management.

Apple has released an iPhone OS 3.0.1 patch addressing the vulnerability in its SMS application introduced at the Black Hat Security conference yesterday.

New criminal charges have been filed against two former WexTrust Capital LLC executives accused of running a $255 million Ponzi scheme that targeted Orthodox Jews.

Below is an updated list of the States in U.S. that participate in the Tax Free Week and Weekend in 2009. It is a great way to save money on clothes and other expenses. For details, please refer to their websites:

The Dow and the S&P ended up slightly on Friday, with data showing the economy shrank less than expected in the second quarter, lifting investor optimism. The Nasdaq ended down slightly.

The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.

It seems these days any time a pundit is cornered by facts indicating the deplorable state of the economy, the traditional fall back is ...but the tons of money on the sidelines is just waiting for a 0.003% pullback to pour back in.

Americans are getting excited over the governments cash for clunkers program, however consumers need to be aware of all the options before they sign.

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

The U.S. Postal Service is considering making crucial changes to its operations to save costs.

The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

Intel is predicting speedy adoption of the upcoming Windows 7 from Microsoft. The rapid adoption of the new operating system will spread through enterprise according to Sean Maloney, executive vice president and chief sales and marketing officer for Intel at the Intel Technology Summit.

Americans flocked to auto dealerships this month to take advantage of government rebates for gas-guzzling

Ford Motor Co has seen a sharp increase in sales over the past week since its dealers began accepting trade-ins under the U.S. government's

The government announced a three-month increase in U.S. dairy support prices on Friday that would put an additional $243 million into farmers' pockets and offset the lowest milk prices in 30 years.

Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage inappropriate risks, under a bill approved on Friday by the U.S. House of Representatives.

The House of Representatives has quickly voted to allocate an additional $2 billion for the in demand ‘Cash for Clunkers' car rebate program just ahead of its summer recess.

The U.S. House of Representatives has increased the budget for cash for clunkers program from $1 billion to $2 billion on Friday.

Government regulators could prohibit incentive-based pay packages at large U.S. financial institutions that encourage inappropriate risks under a bill approved on Friday by the U.S. House of Representatives.

Hong Kong on Thursday opened its first DigPlayground at Cyberpor, which is also the first unique outdoor digital playground in Asia.

Healthcare companies are spending millions of dollars and marshaling armies of lobbyists to influence a landmark debate in the U.S. Congress that could dramatically change the way they do business.