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Finance

Trade deficit falls for 7th straight month in Feb.

Associated Press
Apr 08, 2009 11:00 pm - WASHINGTON -- The U.S. trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exports rebounded a bit. An...
Wells Fargo projects record $3 billion 1Q profit

Associated Press
Apr 08, 2009 11:00 pm - NEW YORK -- Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging si...
Interbank lending rates continue to edge lower

Apr 08, 2009 11:00 pm - LONDON -- The cost of three-month dollar loans between banks fell modestly Thursday amid hopes financial markets have stabilized and that government and central bank eff...
Consumer loan delinquencies rise in 4th quarter

Associated Press
Apr 01, 2009 11:00 pm - NEW YORK -- Delinquencies among consumer loans continued to rise during the fourth quarter due to mounting job losses, according to new data released Thursday by the Ame...
Mortgage rates drop to record low

Associated Press
Mar 25, 2009 11:00 pm - WASHINGTON -- Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housi...
What are toxic assets?

By Marcy Gordon Associated Press
Mar 23, 2009 11:00 pm - WASHINGTON - A fresh effort to end the paralysis in lending was launched Monday by the Obama administration, which will join with investors to buy up around $500 billion...
Discover falls after profit decline, dividend cut

Bloomberg News
Mar 19, 2009 11:00 pm - Discover Financial Services, the Riverwoods-based credit-card company, fell in New York trading after posting a profit decline and saying it would cut the dividend to 2 ...
AIG unit sues Countrywide over loan losses

Associated Press
Mar 19, 2009 11:00 pm - LOS ANGELES -- A unit of embattled insurer American International Group Inc. filed suit against mortgage lender Countrywide Financial Corp. in California federal court T...
Bankers see bright spots in struggling economy

Associated Press
Mar 19, 2009 11:00 pm - OMAHA, Neb. -- Although economic conditions remain weak, rural bankers in 11 Midwest and Plains states say there are some bright spots. The bankers who responded to the ...
With key rate near zero, Fed scopes out options

Associated Press
Mar 17, 2009 11:00 pm - WASHINGTON -- With a key interest rate already near zero, Federal Reserve policymakers are weighing what other tools they can use to jolt the country out of recession. F...

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