The number of new homes sold in March fell to a seasonally adjusted rate of 526,000, down 37% from last year.
Credit Suisse lost $2.1 billion for the first quarter, compared with a profit of $2.7 billion in same period in 2007.
The board of directors also announced a plan to repurchase up to $1.5 billion of the company's stock over the next two years.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.
A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.
Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
The bank reported a 72% increase, led by gains from lending to investors and last year’s $18.3 billion merger with Mellon Financial.
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
Citigroup reported a loss of $5.1 billion, or $1.02 per share, for the first quarter, its second consecutive quarterly loss.
At Omaha, Neb.-based TD Ameritrade Holding Corp., first-quarter profits were up 35% to $187 million.
Confusing information used by financial services firms is leading many Americans to make investing mistakes.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
The Conference Board's index of leading indicators perked up 0.1% in March, following five consecutive declines.
U.S. housing starts totaled 947,000 last month, representing a 36.5% drop from March 2007.
Consumer prices rose by 0.3% in March, led by rising costs in energy, food and transportation.
The U.S. dollar fell to a record low against the euro today, depreciating 1.1% to $1.5965.
JPMorgan, Wells Fargo, BlackRock and Knight showed first-quarter profits, while Piper Jaffray swung to a loss.
Before JPMorgan stepped in to buy Bear Stearns at a bargain basement price in March, the firm was already flailing.
