U.S. Should Raise Interest Rates, OECD Says
WASHINGTON (By Pedro Nicolaci da Costa) - The Federal Reserve should begin to hike interest rates in coming months, the Organization for Economic Cooperation...
BofA To Pay Hundreds Of Millions For Overcharging Customers
NEW YORK (By Jonathan Stempel) - Bank of America Corp has won tentative approval of a $410 million settlement of lawsuits accusing it of...
Sony To Post Huge Loss For The Year
TOKYO (By Isabel Reynolds) - Sony Corp said it expected to post a $3.2 billion net loss for the year that ended on March...
JPMorgan CEO: U.S. Debt Default Would Be A ‘Moral Disaster’
(AP) DENVER -- It would be a "moral disaster" if the United States were to default on its debts and become unable to pay its...
After $15B Loss, Chief Of Japan Nuclear Firm Resigns
TOKYO (By Nathan Layne and Taiga Uranaka) - Tokyo Electric Power Co reported a $15 billion net loss on Friday to account for the...
Most Fed Officials Want To Raise Rates Before Selling Assets
WASHINGTON (Reuters) - Most Federal Reserve officials prefer to raise benchmark interest rates before selling assets when the time comes to tighten policy, minutes...
Soros Dumps His Entire Stake Of Gold
NEW YORK/BOSTON (By Frank Tang and Aaron Pressman) - Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800...
NY AG Investigating Big Banks’ Mortgage Operations
New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp, Morgan Stanley and Goldman Sachs related to packaging of...
Officials Agree On Huge Portugal Bailout Package
BRUSSELS (AP, By Gabriele Steinhauser) -- European finance ministers on Monday signed off on euro 78 billion ($110 billion) in rescue loans to Portugal to...
Fed Probe Ford Freestyle Over Dangerous Steering
DETROIT (AP) -- Federal safety officials are investigating complaints that the Ford Freestyle crossover vehicle can lunge unexpectedly when driving at low speeds or idling....
NO DEAL: NASDAQ Won’t Buy NYSE
NEW YORK: Nasdaq OMX Group Inc and IntercontinentalExchange are withdrawing their bid for rival exchange NYSE Euronext, saying it became clear they would not...
Jim Cramer: The Old Me Would Have Hit Jon Stewart With A Chair
Jim Cramer, the host of CNBC's Mad Money and a former hedge fund manager, is never one for biting his tongue. But in a profile...
