Tuesday, June 30, 2009

Big rally on Wall StreetStocks rallied Thursday, ending a holiday-shortened week on a high note after Wells Fargo forecast a nearly billion quarterly profit, adding to hopes that the banking sector is stabilizing.

Friday, June 26, 2009

Mortgage rates snap 4-week fallHome mortgage rates were slightly higher this week, snapping a 4-week streak of declines, said a report released Thursday.
It's time to break up banks' top regulatorRead full story for latest details.

Sunday, June 21, 2009

3M early exit for 3,600 U.S. employeesRead full story for latest details.
Universal gets Web-savvy with VevoNot so long ago, music companies were doing all they could to keep their music away from online video sites. Now Vivendi-owned Universal Music Group is partnering with Google's YouTube to do for music videos what Hulu.com has done for TV. After much speculation, the companies Thursday afternoon announced plans for Vevo.com, a premium music site that will feature all of UMG's artists.

Wednesday, June 17, 2009

Who is Rick Scott trying to heal?I'm inside a van barreling down a North Florida highway, just shy of the Georgia border, sitting next to (1) the Gordon Gekko of the hospital business; (2) the Leona Helmsley of medicine; or (3) Public Enemy No. 1 of health-care reform.
Let GM and Chrysler go bankrupt, Americans sayAmericans are fed up with the Detroit drama.

Sunday, June 14, 2009

Treasury asks banks to be mum on "stress tests"Read full story for latest details.
GM: The good, the bad and the uglyIf General Motors goes into bankruptcy, many of its most iconic brands, such as Buick and Pontiac, might not survive.

Thursday, June 11, 2009

Asian shares track Wall Street's gainsRead full story for latest details.
Goldman mulling stock offering - reportWall Street investment bank Goldman Sachs is mulling a new stock sale to repay the billion in bailout funds it received from the government last year, according to a Wall Street Journal report.