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The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now. ...more
June 13, 2008
Bank of America Corp. Chief Executive Kenneth Lewis said Wednesday that there are no plans to call off its $4 billion deal to acquire Countrywide Financial Corp., and that he believes charge-offs and delinquencies in the United States will peak in the third quarter. ...more
June 12, 2008
Lehman Bros. Holdings on Monday confirmed fears on Wall Street that the credit crisis isn't quite over, and it left investors to wonder whether other major investment banks face the same set of risks. ...more
June 10, 2008
TAMPA BAY AREA Crispers Chief Charged An interim chief executive officer of the Crispers restaurant chain has been charged with federal crimes in connection with a scheme to steal from the company. ...more
June 4, 2008
Some of the nation's biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, even as they continue to extend federally backed loans to students at top universities. ...more
June 2, 2008
Student loan companies, squeezed by the credit crisis, are getting some help from the federal government. ...more
May 22, 2008
A normal U.S. economy is likely to look a lot different, and worse, after the credit crisis is over and financial markets settle down. ...more
May 20, 2008
The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week. ...more
May 9, 2008
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