posted: 04/17/2014 3:23 a.m.
Bank of America, the second-biggest U.S. lender, swung to a first-quarter loss as the company booked $6 billion of costs tied to mortgage disputes.
posted: 04/17/2014 3:22 a.m.
U.S. home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
posted: 04/17/2014 3:16 a.m.
General Motors Co. engineers in 2001 designed an alternative to the spring used in an ignition switch for the 2003 Saturn Ion before it was rejected, according to a letter sent Wednesday to Chief Executive Officer Mary Barra from Joan Claybrook, a former head of the National Highway Traffic Safety Administration, and Clarence Ditlow, executive director of the Center for Auto Safety.
posted: 04/17/2014 3:15 a.m.
The Federal Reserve said Wednesday that the U.S. economy continued to expand in most regions as businesses benefited from a bounce-back from harsh winter weather earlier in the year.
posted: 04/17/2014 3:15 a.m.
IBM’s first-quarter earnings fell and revenue came in below Wall Street’s expectations as amid ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.
posted: 04/17/2014 3:14 a.m.
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
posted: 04/17/2014 3:12 a.m.
Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data.
posted: 04/17/2014 3:11 a.m.
QUOTE OF THE DAY “We know GM designed two different plungers and springs. They made an affirmative decision to use the cheaper one.” Joan Claybrook, former head of the National Highway Traffic Safety Administration
posted: 04/16/2014 11:05 a.m.
WASHINGTON — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
posted: 04/16/2014 3:28 a.m.
Federal Reserve Chairman Janet Yellen suggested Tuesday that current regulatory rules will not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.
posted: 04/16/2014 3:24 a.m.
Coca-Cola, the world’s biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years.
posted: 04/16/2014 3:19 a.m.
A federal appeals court on Tuesday upheld the Environmental Protection Agency’s emission standards for mercury and other hazardous air pollutants from coal- and oil-fired power plants.
posted: 04/16/2014 3:18 a.m.
A turnaround in Johnson & Johnson’s prescription medicine business fueled by new drugs, combined with reduced production and administration expenses, lifted first-quarter profit by 8 percent.
posted: 04/16/2014 3:17 a.m.
Stocks managed a late-afternoon rebound for the second time in two days as investors seemed to brush off a report of lower confidence among home builders and simmering tensions in the Ukraine.
posted: 04/16/2014 3:16 a.m.
QUOTE OF THE DAY “The more requirements you put on the highly regulated banks, the greater is the incentive to find ways around the tougher rules.” Bert Ely, independent banking consultant