Mercedes Homes Melbourne-based Mercedes Homes filed for Chapter 11 bankruptcy court protection last week and plans to reorganize and stay in business. ...more

February 4, 2009

Barack Obama rode a wave of economic discontent to the White House, and now he faces the daunting task of turning the weakening economy around. ...more

November 6, 2008

PNC Financial Services Group said Friday that it is acquiring National City Corp. for $5.58 billion in one of the first concrete signs of how banks could use fresh investments from a government bailout program. ...more

October 25, 2008

There's a debate in the media about the recession. ...more

July 25, 2008

The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher. ...more

June 12, 2008

The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession. ...more

January 31, 2008

More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be disappointing. ...more

December 13, 2007

The housing collapse and credit crisis will slow economic growth and nudge up unemployment next year, the Federal Reserve said Tuesday in a first-of-its-kind forecast that some economists think will lead to interest rate cuts early in 2008. ...more

November 21, 2007

The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they will deal with the crisis, although another interest rate cut could come this week. ...more

October 30, 2007

Bank of America raised ATM fees to $3 for noncustomers to boost profit from its network of 17,000 cash machines, the largest in the United States. ...more

September 14, 2007