Finance
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J.C. Penney reports hefty 3Q lossNov 09, 2012 5:07 pm - NEW YORK — J.C. Penney Co. is hoping it has hit rock bottom. The bad news keeps getting worse for the struggling department-store chain that on Friday reported a wider t...
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Economic growth was likely stronger in Q3Nov 09, 2012 2:49 pm - WASHINGTON — The U.S. economy appears to have grown over the summer faster than first thought. U.S. companies sold more goods overseas in September, helping narrow the n...
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Google’s services unable to reach much of ChinaNov 09, 2012 2:40 pm - MOUNTAIN VIEW, Calif. — Google says its search engine and other Internet services have been cut off from much of China just as the country’s ruling party picks new leade...
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Greece readies for crucial austerity voteNov 07, 2012 7:30 am - ATHENS, Greece — Greece’s fragile coalition government faces its toughest test so far when lawmakers vote Wednesday on new painful austerity measures demanded to keep th...
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Freddie Mac posts $2.9B net income for Q3Nov 06, 2012 10:03 am - WASHINGTON — Mortgage giant Freddie Mac earned $2.9 billion from July through September, its second straight profitable quarter. The government-controlled company attrib...
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Where is justice in bank fraud cases?Nov 06, 2012 4:40 am - The headline on the Oct. 25 Daily Herald Business section reads, “U.S. prosecutor sues Bank of America over alleged loan fraud at Countrywide.” These continued revelatio...
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After Sandy: Tips on filing home insurance claimsNov 04, 2012 6:04 am - Insurers will be dealing with a crush of claims in the aftermath of Superstorm Sandy which inflicted billions of dollars in damages. Once homeowners can assess the exten...
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FDIC seizes Illinois bankNov 02, 2012 5:42 pm - WASHINGTON — Regulators say they have closed a bank in Florida and one in Illinois, bringing to 49 the number of U.S. bank failures this year. The Federal Deposit Insura...
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Corporations just beginning to tally Sandy’s costsNov 02, 2012 3:39 pm - NEW YORK — Corporate America is just starting to add up its losses from Superstorm Sandy, expected to be one of the most expensive storms in U.S. history. Delta Air Lin...
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Berkshire Hathaway buying Oriental TradingNov 02, 2012 3:33 pm - OMAHA, Neb. — Warren Buffett will soon be prepared to throw a giant party for almost any occasion now that his Berkshire Hathaway is buying Oriental Trading Co. The dea...