Finance
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Swiss private bank Frey closes, blames U.S.Oct 18, 2013 5:44 pm - GENEVA — A Swiss private bank says it is closing down because of what it calls costly and burdensome rules it needs to follow in the wake of a tax evasion row between Sw...
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Season of uncertainty for retailersOct 18, 2013 5:41 pm - NEW YORK — Will Washington be the Grinch who stole Christmas? After weeks of bickering between Congress and the White House, President Barack Obama on Wednesday signed i...
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Economist: Lack of economic freedom leads to efficiency declineOct 17, 2013 5:15 pm - Robert Genetski, one of the nation’s premier interest-rate forecasters, blamed an erosion in economic freedom for a sharp decline in U.S. efficiency. Genetski, known...
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Relief around world as U.S. avoids debt defaultOct 17, 2013 8:38 am - BEIJING — Political leaders, investors and ordinary people Thursday welcomed the end of a U.S. government shutdown but already were looking ahead to the next round of a ...
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Debt-talk optimism pushes stocks upOct 14, 2013 9:30 am - NEW YORK — Stocks rose Monday, helped by signs that Washington was moving closer to a deal that would avert a default by the U.S. government. The stock market started th...
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How to blunt effect of higher heating billsOct 13, 2013 7:00 am - NEW YORK — After two years of flat or lower fuel prices, many residents will pay sharply more to heat their homes this winter, according to government forecasts out this...
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Germany sees global risk shift to emerging economiesOct 12, 2013 4:58 pm - Germany’s top finance officials said risks to global growth are shifting away from Europe and toward emerging economies, while they expressed confidence that U.S. policy...
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G-20 finance officials focus on U.S. budget crisisOct 11, 2013 7:26 pm - WASHINGTON — World finance officials said Friday the United States needs to take urgent action to address its budget problems that are creating economic uncertainties fo...
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Wells Fargo’s profit up 13 percentOct 11, 2013 5:13 pm - Third-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, jumped 13 percent as a decline in revenue from mortgage lending was offset by reduced expen...
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Rising legal costs push JPMorgan to rare lossOct 11, 2013 1:10 pm - NEW YORK — Mounting legal costs pushed JPMorgan Chase to a rare loss in the third quarter, the first under the leadership of Jamie Dimon. The largest U.S. bank by asset...