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A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. (NYSE: CIT) is hoping that its case will be different.
The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse.
Japan's Takeda Pharmaceutical Co., maker of the world’s top-selling diabetes treatment, will pay as much as $1 billion to Amylin Pharmaceuticals Inc. (Nasdaq: AMLN) to co-develop the U.S. company’s obesity treatments.
Manufacturing in the United States expanded faster than anticipated in October, easing concern the economic recovery will be cut short once government aid wanes.
Personal computers are changing -- and not just because of the recent launch of Windows 7. Visit an electronics store and you might also find laptops are missing a familiar component. You could experiment with new ways of controlling some computers. And you'll see portable PCs slimming down.
Nearly half of all U.S. children and 90 percent of black youngsters will be on food stamps at some point during childhood, and fallout from the current recession could push those numbers even higher, researchers say.
Have you checked the interest rates on your credit cards lately? Odds are they're going way up.
NEW YORK (AP) -- Pivotal presidential campaigns are frequently defined in retrospect by documentaries.
WASHINGTON (AP) -- Nurses were training women in rural Mexico to examine their breasts for cancer when one raised her hand to object. If she lost her breast, Harvard public health specialist Felicia Knaul recalls the woman saying, "My man would leave me" -- and with him, the family's income.
SEATTLE (AP) -- Amazon.com Inc. said Monday that it closed on its acquisition of online apparel and footwear company Zappos.com Inc.
CHICAGO (AP) -- Hotel occupancy rates are finally stabilizing, a soon-to-be public Hyatt Hotels Corp. told potential investors Monday, offering more welcome signs to an industry that's been battered by the recession.
WASHINGTON (AP) -- Workers at U.S. airlines and railroads would have an easier time forming unions if the National Mediation Board succeeds in changing a 75-year-old rule on union organizing.
NEW YORK (AP) -- Human Genome Sciences and GlaxoSmithKline said Monday their experimental lupus treatment passed another key goal on its path to potentially becoming the first new drug for the disease in decades.
BOCA RATON, Fla. (AP) -- Geo Group Inc., which provides correctional, detention and mental-health services, said Monday its third-quarter earnings jumped 21 percent on strong demand in its markets.
Nov. 2 (Bloomberg) -- Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, rose after posting an unexpected third-quarter net income of $997 million, its first operating profit since early 2008 on smaller discounts and higher sales.
WHITEHOUSE STATION, N.J. (AP) -- U.S. regulators won't accept drugmaker Merck's application for a new combination cholesterol pill that includes rival Pfizer's Lipitor, the world's top-selling drug.
Nov. 2 (Bloomberg) -- U.S. Supreme Court justices signaled they are split over the role judges should play in reviewing the compensation of mutual fund advisers in a case that might force reductions in the $90 billion in annual fees advisers collect.
DALLAS (AP) -- Pilots for Southwest Airlines have approved a new 5-year labor contract that the union president said has smaller pay raises than his members wanted.
If you need to refinance your home mortgages, don't wait.
WASHINGTON (AP) -- As the prospect of double-digit unemployment looms, President Barack Obama on Monday sought to set expectations for the nation, saying job losses will likely roll on "for weeks and months to come" because hiring always lags behind in an economic rebound.
Nov. 2 (Bloomberg) -- Sempra Energy, owner of the largest U.S. natural-gas utility, said Royal Bank of Scotland Group Plc has been informed by the European Commission that it may have to sell its stake in a joint venture between the companies.
The stock market's waters were languid in October, but some fish were jumping.
For former Vice President Dick Cheney, who wants to go all out for victory, or for Democratic Sen. Russ Feingold of Wisconsin, who wants to get out as soon as possible, the right decision in Afghanistan is easy.
Heresy, thy name is Christina Romer.
NEW YORK (AP) -- Travelers have been able to score decent deals on hotel rooms and airfares over the last year. But car rental prices have increased dramatically despite the weak economy.
ALLEGAN, Mich. (AP) -- Drug and nutritional products maker Perrigo Co. said Monday its profit climbed 62 percent in its fiscal first quarter due to strong sales of cough, cold and flu products and raised its forecast for the full year.
LONDON (AP) -- European and U.S. stock markets rose Monday after a much better than anticipated U.S. manufacturing survey helped ease concerns that the recovery in the world's largest economy was faltering.
WASHINGTON (AP) -- Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.
SAN DIEGO, Calif. (AP) -- Retirement fund ratings company BrightScope Inc. said Monday it has partnered with consultant Target Date Analytics LLC to design a Web site to help investors track the performance of target date funds.
PHILADELPHIA (AP) -- Baseball moved the right-field TV camera made famous by Alex Rodriguez in Game 3 of the World Series.
ANNAPOLIS, Md. (AP) -- Constellation Energy Group and France's EDF agreed Monday with conditions set by Maryland regulators to move forward with a $4.5 billion joint nuclear venture.
NEW YORK (AP) -- The new Navy assault ship USS New York, built with World Trade Center steel, arrived in its namesake city Monday with a 21-gun salute near the site of the 2001 terrorist attack.
NEW YORK (AP) -- French drugmaker Sanofi-Aventis says it is promoting two high-ranking executives and adding a third to its executive committee.
ROCHESTER, N.Y. (AP) -- Contaminated fresh ground beef caused a possible E. coli outbreak that killed two people and sent 16 others to hospitals, federal health officials said Monday.
NEW YORK (AP) -- Stocks ended higher but well off their best levels of the day as volatility continued to tug at the market.
WASHINGTON (AP) -- Construction spending in September posted a better-than-expected performance, powered by the largest jump in housing construction in more than six years.
WASHINGTON (AP) -- The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
WASHINGTON (AP) -- The Supreme Court said Monday it will decide whether two people can do the work of five when it comes to resolving labor-management disputes in the workplace.
DEARBORN, Mich. (AP) -- Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.
NEW YORK (AP) -- Oil prices gained slightly to stay above $77 on Monday, backed by the weaker dollar and strong economic data in China, which raised hopes for an increase in energy demand.
GALVESTON, Texas (AP) -- Two people were injured when a helicopter crashed on takeoff from an offshore platform in the Gulf of Mexico.
NEW YORK (AP) -- Amylin Pharmaceuticals Inc. says it could potentially receive more than $1 billion from a partnership with Japan's Takeda Pharmaceutical Co. on potential weight-loss treatments.
Nov. 2 (Bloomberg) -- The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer tax credit.
Nov. 2 (Bloomberg) -- Spending on U.S. construction unexpectedly rose in September as residential builders rushed to finish projects in anticipation of a possible end to the first- time home-buyers tax credit.
Nov. 2 (Bloomberg) -- CIT Group Inc., the 101-year-old commercial lender that saw its funding dry up in the credit crunch, filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout.
MOUNTAIN VIEW, Calif. (AP) -- Tax and finance software maker Intuit Inc. on Monday said it completed its purchase of the Web site Mint.com.
CHICAGO (AP) -- Stanley Works tool company is buying rival Black & Decker Corp. for $4.5 billion, the two companies said Monday, bringing together two of their industry's mammoth brands.
HARTFORD, Conn. (AP) -- The head of the Connecticut Democrats has filed an elections complaint against Republican Linda McMahon, claiming the former wrestling executive received corporate help for her U.S. Senate race.
SACRAMENTO, Calif. (AP) -- Legislation designed to provide long-term solutions to California's water challenges is scheduled to go before both houses of the Legislature on Monday, although the prospects for passage remained uncertain.
THE WOODLANDS, Texas (AP) -- Anadarko Petroleum says its profits plunged during the third quarter, but that sales volume would jump next year despite spending decreases
HOUSTON (AP) -- Petroleum-pipeline system operator Buckeye Partners LP on Monday said its third-quarter profit rose 24 percent and beat Wall Street expectations, as gains from trimmed operational expenses outweighed a decline in sales.
ROCHESTER, N.Y. (AP) -- Contaminated fresh ground beef caused a possible E. coli outbreak that killed two people and sent 16 others to hospitals, federal health officials said Monday.
ST. LOUIS (AP) -- The founder of the online gambling site BetOnSports.com was sentenced Monday to more than four years in prison, ending a lengthy investigation and prosecution into one of the world's largest offshore sports gambling companies.
CHICAGO (AP) -- Higher prices and germ-wary shoppers who rushed to stock up on disinfectants helped The Clorox Co. earn 23 percent more in the first quarter this year than last, the company said Monday.
HAVANA (AP) -- Cuban purchases of U.S. food will fall by at least a third this year as the island slashes imports to stabilize an ever-weak economy further hammered by the global economic crisis, a top trade official said Monday.
WASHINGTON (AP) -- The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.
CHICAGO (AP) -- Nearly half of all U.S. children and 90 percent of black youngsters will be on food stamps at some point during childhood, and fallout from the current recession could push those numbers even higher, researchers say.
MASHPEE, Mass. (AP) -- From a blustery perch over a Cape Cod beach, Chuckie Green gestures toward a stretch of horizon where he says construction of the nation's first offshore wind farm would destroy his Indian tribe's religion.
WASHINGTON (AP) -- Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
WASHINGTON (AP) -- Congress on Monday sent President Barack Obama a bill that allows military spouses to claim residency in the same state as their wives or husbands.
DALLAS (AP) -- If you plan to travel around the upcoming holidays, prepare to pay a little more -- again.
MOSCOW (AP) -- A Russian businessman who had been convicted in Israel of being a KGB spy was shot dead in Moscow on Monday, police said.
Nov. 2 (Bloomberg) -- U.S. stocks rose, with the Standard & Poorís 500 Index rebounding from its biggest weekly drop since May, as Ford Motor Co.’s profit and gauges of manufacturing, home sales and construction spending topped projections.
Nov. 2 (Bloomberg) -- Human Genome Sciences Inc.ís experimental lupus drug Benlysta worked in a higher dose to reduce symptoms in a study. The company’s shares rose the most in more than three months.
Nov. 2 (Bloomberg) -- Manufacturing in the U.S. is alive and well. It just needs fewer workers.
Nov. 2 (Bloomberg) -- Anschutz Entertainment Group, owner of Staples Center in Los Angeles and Londonís O2 arena, is exploring ticket partners to replace Ticketmaster Entertainment Inc., which is merging with competing promoter Live Nation Inc.
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