The U.S. economic recovery will fade as government supports dry up, and the Federal Reserve may need to do more to boost growth, economists said in a survey on Tuesday.
Mortgage finance giant Freddie Mac (FMCC.OB) on Monday said it would need another $1.8 billion in aid from taxpayers, bringing its total request since it was taken over by the government two years ago to more than $64 billion.
President Barack Obama reached out on Saturday to retired Americans, an important group of voters, touting a report that showed healthcare reform had brightened prospects for the Medicare hospital trust fund.
Chrysler Group LLC posted a second-quarter net loss on Monday and said it still had an extraordinary amount of work to complete, but its turnaround was on track and it could raise its financial outlook later this year.
The top Republican on the House Financial Services Committee called on Friday for an investigation into charges that mortgage finance giant Fannie Mae pushed borrowers into a mortgage aid program so it could receive incentive payments from the U.S. government.
JPMorgan Chase & Co expects a measure of its capital strength to fall slightly under the latest proposals from banking supervisors, according to a quarterly filing with regulators.
U.S. private employers added fewer workers to their payrolls in July than expected and hiring in June was much weaker than had been thought, a big blow to an already feeble economic recovery.
Employment fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anemic economic recovery.
General Motors Co has begun work on an initial public offering of stock that could be the largest ever for the U.S. market, the automaker's Chief Executive Ed Whitacre said on Thursday.
President Barack Obama lambasted Republicans on Thursday for opposing his auto company bailouts and unveiled a new loan guarantee for Ford Motor Co to help meet his goal of doubling U.S. exports over five years.
Employment probably fell for a second straight month in July as more temporary census jobs ended and private hiring remained too weak to boost a fragile economic recovery, according to a Reuters survey.
New claims for unemployment benefits unexpectedly rose last week to the highest level since early April, highlighting a weak labor market and the fragile economic recovery.
Anyone puzzled by the reluctance of U.S. companies to hire workers in the midst of what looks like a business-led recovery needs to talk to Robert Harvell.
U.S. employment probably fell for a second straight month in July as more temporary census jobs ended and private hiring remained too weak to boost a fragile economic recovery, according to a Reuters survey.
New claims for unemployment benefits unexpectedly rose last week to the highest level since early April, highlighting a weak labor market and the fragile economic recovery.
The U.S. Export-Import Bank said on Thursday it approved a loan guarantee for Ford Motor Co to finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico.
Stock index futures edged higher on Thursday as investors took a cautious track ahead of the morning's labor data, a precursor to Friday's monthly jobs report.
The U.S. Export-Import Bank will unveil a loan guarantee on Thursday for Ford Motor Co that will finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico, a White House official said.
The Bush administration's misguided policies are to blame for huge U.S. budget deficits, Treasury Secretary Timothy Geithner charged on Wednesday as he sought to build an election-year case for ending tax cuts for the wealthiest Americans.
The White House on Wednesday hailed the beginning of the end of efforts to plug and contain the BP oil spill in the Gulf of Mexico but said there was still a lot of cleanup work to be done.
BP Plc claimed a significant milestone in efforts to plug its broken Gulf of Mexico well for good on Wednesday, as a U.S. government report showed nearly three-fourths of the spilled crude had been mopped up or dispersed.
As many as 50,000 struggling homeowners in five U.S. states with high unemployment may receive help from a special $600 million federal fund intended to head off foreclosures.