Treasury prices mostly extended their gains yesterday as investors sought the safety of government debt amid a big sell-off in stocks.
Two agencies with oversight of the financial markets are trying to coordinate their regulations to eliminate differences involving similar types of investments and instruments
Worker productivity grew at the fastest pace in nearly six years in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession.
Regulators are imposing new restrictions on leveraged exchange-traded funds, volatile investments that can multiply the gains or losses of a market index or benchmark.
The U.S. manufacturing sector grew in August after shrinking for 18 straight months.
Insurance companies said yesterday it was too soon to determine how much they would have to pay for claims from wildfires that have already burned more than 80 homes in California and threatened thousands more.
Shares of MetLife Inc. slipped today after a Raymond James analyst downgraded the insurer, citing the company's overvalued stock price.
Attorney General Richard Blumenthal says he's investigating whether any Connecticut residents are illegally evading taxes through offshore accounts.
Shares of KKR Financial Holdings LLC rose today after Janney Montgomery Scott Securities analysts upgraded the real estate investment trust to "Market Outperform" from "Market Perform," saying the company's management has improved liquidity and it may restore its dividend soon.
Evidence is mounting that the longest recession since World War II is losing its grip on the U.S. economy.
