Some of the states hit hardest by the slump in housing prices will be able to tap into a special $1.5-billion fund on Wednesday that is intended to head off some foreclosures.
Connecticut's attorney general will lead a multi-state probe of whether Google Inc broke the law when it siphoned personal data off wireless networks around the world, which the Internet search leader has said was inadvertent.
New claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.
Companies are getting an excessive $52 billion tax break on stock options issued to their executives, new data from a U.S. Senate panel showed on Wednesday.
United Auto Workers delegates will gather in Detroit this week to elect new leaders as the union emerges from the U.S. auto industry's near-death experience with fewer workers, lower wages and an uncertain set of bargaining chips.
After clawing its way back above $75 a barrel on Thursday for the first time in four weeks, the benchmark oil futures contract fell back again on Friday on news of an unexpected decline in retail sales in the U.S.
Sales at U.S. retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery.
Sales at retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June eased fears of a slowdown in the economic recovery.
Consumer sentiment improved in early June to its strongest level in nearly 2-1/2 years, bolstered by hopes of better job and credit conditions, a survey released on Friday showed.
Stocks were set for a lower open on Friday after sales at U.S. retailers unexpectedly fell in May, stirring fears the economic recovery was losing some steam.
Stock index futures were little changed on Friday, with the benchmark S&P 500 on track for its best weekly performance in a month ahead of data on retail sales and consumer sentiment.
Stock index futures were little changed on Friday, with the benchmark S&P 500 on track for its best weekly performance in a month ahead of data on retail sales and consumer sentiment.
A leading Senate critic of China's currency policy said a group of her colleagues were determined to push legislation allowing the Commerce Department to use anti-dumping and countervailing duty laws against China's exchange rate.
The percentage of U.S. home sellers who cut their asking price rose in May, but price reductions were smaller, real estate website Zillow.com said in a report.
The European bailout of Greece may have prevented catastrophic results but Europe needs to take further action to resolve the region's debt crisis, Chrysler Chief Executive Sergio Marchionne said on Thursday.
Lending to small businesses is declining, making it more difficult to counter the persistent problem of high unemployment, Federal Reserve Chairman Ben Bernanke said on Thursday.
Lending to small businesses is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, Federal Reserve Chairman Ben Bernanke said on Thursday.
The Australian Dollar has come off from its recent high on Friday night of 0.8550 as investors trimmed their positions ahead of the long weekend in the US (Memorial Day today) and the UK (May Bank today as well).
U.S. consumer spending unexpectedly stalled in April after six straight months of gains, but rising income and consumer confidence pointed to solid consumption this quarter.
As Wal-Mart Stores Inc employees chant the corporate cheer at the company's annual meeting this year, Wall Street is less enthusiastic about the retailer's U.S. sales trailing a fitful economic recovery.
Consumer spending unexpectedly stalled in April after six straight months of gains, but rising income and consumer confidence pointed to solid consumption this quarter.
Consumer sentiment rose a bit in May from April but stayed roughly unchanged from levels reported since February, while the one-year inflation expectations climbed to the highest since October 2008, a survey showed on Friday.
