A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
Senators Charles E. Schumer, D-N.Y., and Maria Cantwell, D.-Wash., today introduced legislation called the Shareholder Bill of Rights that includes provisions to increase accountability and oversight at publicly traded corporations, including say on pay for shareholders.
High-income women are the main drivers of philanthropy in their households, according to research released today by the Fidelity Charitable Gift Fund, a charitable-donor-advised-fund program established by Fidelity Investments.
The cost of three-month dollar loans between banks fell to a new record low Monday in a further sign that credit markets are recovering after being paralyzed during the financial crisis.
Treasury Secretary Timothy Geithner says the economy is stabilizing but that unemployment will continue to rise.
National Planning Holdings Inc., the Santa Monica, Calif. independent broker-dealer network, saw its revenue slip 15% during the first quarter, to $136 million from $159.9 million a year earlier.
First-quarter earnings report by Lowe's boosted hopes among investors that the worst of the U.S. recession is over.
Shares of Fortress Investment Group LLC fell today after the investment manager said it priced a stock offering.
Consumers are becoming more optimistic about the economy recovery, according to the preliminary results from the Reuters/University of Michigan Surveys of Consumers, released today.
A rebound on Wall Street helped Europe's main stock markets close higher Thursday despite big selling in Asia earlier and ongoing unease about the scale and speed of any global economic recovery.
