General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008.
The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.
All carried-interest distributions from private-equity funds and hedge funds would be taxed as ordinary income instead of capital gains under Obama's proposed budget.
The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.
The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.
Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.
Scott Eyre, a left-handed relief pitcher with the reigning World Series champion Philadelphia Phillies, has joined the roster of major-league players ensnared by the Stanford Financial scandal.
