Fannie Mae, a key source of mortgage funding, on Tuesday reported that falling home prices and rising defaults contributed to further losses for the government-sponsored company during the first quarter. ...more

May 7, 2008

A fourth-quarter $422 million loss reported by Countrywide Financial Corp. on Tuesday did not appear to scare off Bank of America. ...more

January 30, 2008

News that eBay chief executive Meg Whitman may retire comes as the online auctioneer faces slowing growth and disappointing returns from its $2.6 billion gamble on the Internet phone service Skype. ...more

January 23, 2008

The credit crisis all but wiped out fourth-quarter earnings at Bank of America Corp. and Wachovia Corp., but the banks did make some money - something that can't be said for Citigroup and other Wall Street financial firms. ...more

January 23, 2008

Merrill Lynch & Co. on Thursday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad subprime mortgage bets. ...more

January 18, 2008

Toll Bros. Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened. ...more

December 7, 2007

U.S. home builders continue to be pessimistic about the housing market, as November's reading of an index that tracks their sentiment remained stuck at a record low. ...more

November 20, 2007

Merrill Lynch's departing chief executive, Stan O'Neal, will walk away with $161.5 million in stock, options and retirement benefits, the company said Tuesday. ...more

October 31, 2007

Stan O'Neal's legacy will be cemented as the $8 billion man. That's about the size of the massive write-down Merrill Lynch & Co. had to take during its just-ended quarter, which has ruined the reputation of the investment bank's CEO. ...more

October 31, 2007

Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year. ...more

October 27, 2007