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The stock market closed mostly lower Friday, sending the Dow Jones industrial average to its first losing week of 2012, after the government reported that economic growth was slower at the end of last year than economists expected.
The Dow Jones industrial average and the S&P 500 index fell after the government reported that economic growth was slower at the end of last year than economists had expected. The Nasdaq posted a small gain. The Dow had its first down week of 2012 following three weeks of gains.
The government's new consumer finance watchdog agency is prepared to sue companies that offer unfair or deceptive mortgages and credit cards, its director said Tuesday.
U.S. factory output surged in December by the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession.
The luxury cruise liner that ran aground off the Italian coast has rattled even the most die-hard "cruisers" in an industry where catastrophic accidents are rare, but it's unlikely to do significant long-term damage.
Wall Street futures are mostly edging lower after earnings fell at J.P. Morgan Chase & Co and missed expectations on weak investment-banking returns.
With its first chief now in place, the new Consumer Financial Protection Bureau will start enforcing rules aimed at reining in abusive mortgage servicers, student lenders and payday-loan companies.
The long-suffering job market is ending the year better off than it began.
The number of people applying for unemployment benefits dropped last week to its lowest level since April 2008, extending a downward trend that shows the job market strengthening.
U.S. manufacturing output fell in November for the first time in seven months.
Jon Corzine's three days of testimony on MF Global's collapse offered little to satisfy lawmakers or clients who lost millions when the securities firm failed. Yet legal experts say Corzine helped himself by choosing words with care and articulating an explanation that's hard to disprove.
A late afternoon slide pulled stock indexes lower after the Federal Reserve held off on any new steps to boost the economy. The Fed cautioned that strains in global financial markets still pose a danger, a nod to Europe's debt crisis.
U.S. industrial production rose in October at the fastest rate in three months. Factories made more trucks, electronics and business equipment, a sign that manufacturing is recovering after slowing this spring.
A regulator says he withdrew from an investigation of Jon Corzine's collapsed securities firm to avoid being a "distraction."
He set out to create a mini-Goldman Sachs. In the end, he built a mini-Lehman Brothers.
Securities firm MF Global Holdings Ltd. is seeking bankruptcy protection one week after reporting its biggest ever quarterly loss and having its credit downgraded to junk status.
The average rate on the 30-year fixed mortgage fell to 4 percent this week, nearly matching the all-time low hit just one month ago.
The dollar rose sharply against the yen Monday after the Bank of Japan weakened its currency to help Japanese exporters.
Federal Reserve banks need stronger policies to prevent conflicts of interest, a government watchdog said Wednesday.
U.S. factories produced more goods in September for a third straight month, the latest signal that the economy is rebounding from its summer slump.
More than half of U.S. cities have cut staff, canceled construction projects or raised fees this year, according to a report from the National League of Cities that catalogs the vast damage from shrunken property- and income-tax revenue.
More than half of cities have cut staff, canceled construction projects or raised fees this year, according to a report from the National League of Cities that catalogs the vast damage from shrunken property- and income-tax revenue.
The worst quarter for the stock market since the financial crisis ended on another down note.
It was another day of big swings in the stock market.
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