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New Home Sales Fell To Six Month Low In August

AP | By DEREK KRAVITZ | Posted 11.26.2011 | Business

WASHINGTON -- Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the hou...

S&P Could Face Legal Action Over CDO Ratings

AP | MARCY GORDON | Posted 11.26.2011 | Business

WASHINGTON — The Securities and Exchange Commission is considering taking civil action against Standard & Poor's for its rating of a 2007 mortga...

Toyota Mulls Shifting Korea-Bound Camry Production To U.S.

Posted 11.26.2011 | Business

TOKYO, Sept 26 (Reuters) - Toyota Motor Corp is considering shifting production of South Korea-bound Camry autos to the United States from Japan t...

German Finance Minister: Greece Will Be Competitive In a Decade

Posted 11.24.2011 | Business

German Finance Minister Wolfgang Schaeuble said in a magazine interview published on Saturday that Greece would not be able to return to capital m...

SoCal Grocery Workers To Vote On Strike-Averting Deal

Posted 11.24.2011 | Business

The Associated Press LOS ANGELES — Southern California shoppers should soon learn whether their grocery aisles will remain open as another wave o...

Geithner: 'Threat Of Catastrophic Risk' Must Be Stopped In Europe

Posted 11.24.2011 | Business

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner told European governments on Saturday to eliminate the threat of a catastrophic financi...

Dow Sees Worst Week Since 2008

Posted 11.23.2011 | Business

NEW YORK (Reuters) - The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by...

Bill Gates's Plan For Raising Money For Poorer Nations

Posted 11.23.2011 | Business

WASHINGTON (Reuters) - A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countri...

WATCH: Chicago Labor Leader Re-Hired For One Day Nets $158K Pension

Posted 11.23.2011 | Business

Chicago, a city notorious for political corruption, now has one more scandal to add to its list. Thanks to a change in the city’s pension code p...

Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011 | Business

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

Federal Government Pays Dead Workers $120 Million A Year: Report

The Huffington Post | Jillian Berman | Posted 11.23.2011 | Business

As politicians debate the best way to address the national deficit, the U.S. Office of Personnel Management has found one line-item that would seem ea...

Konczal: Why Liberals Should Join GOP In Bashing The Fed

The New Republic | Mike Konczal | Posted 11.23.2011 | Business

It’s hard to interpret the letter that Congerssional Republicans sent on Tuesday evening to Ben Bernanke as anything other than an attempt to politi...

Agency: Fannie Allowed Rampant Robo-Sigining

AP | DEREK KRAVITZ | Posted 11.23.2011 | Business

WASHINGTON — Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the r...

Ex-SEC Lawyer Says He Got OK To Work On Madoff Fund

AP | By MARCY GORDON | Posted 11.23.2011 | Business

WASHINGTON -- The head of the Securities and Exchange Commission is facing increased scrutiny from lawmakers after a former top commission official sa...

Study: Recession Pushed 25 Percent Of Young U.S. Children Into Poverty

The Huffington Post | Jillian Berman | Posted 11.22.2011 | Business

Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday. The number...

Report: America's Richest Union Living Beyond Its Means

Posted 11.22.2011 | Business

DETROIT (Reuters) - Bob King, the president of the United Auto Workers, has a problem: the labor union that credits itself with creating the Ameri...

Dow Jones Closes Down More Than 390 Points

Posted 11.22.2011 | Business

On Thursday, the Dow Jones Industrial Average closed down nearly 390 points, according to Reuters. In August, the Dow Jones experienced three of th...

Dow Plunges 400 Points On Economic Fears

Posted 11.22.2011 | Business

NEW YORK (Reuters) - Stocks skidded 3 percent on Thursday, extending losses for a fourth day as a gloomy outlook from the Federal Reserve and weak...

Majority Of Americans: Obama To Blame For Economy, Gallup Finds

Posted 11.22.2011 | Business

For the first time, more than 50 percent of Americans blame President Barack Obama for the nation’s economic woes, a Gallup poll released Thursday f...

Leaders Demand Euro Zone Act Quickly To Stop Crisis

Posted 11.22.2011 | Business

FRANKFURT/OTTAWA (Reuters) - Seven world leaders on Thursday demanded Europe act more decisively to quell its debt crisis as a European Central Ba...

William Alden

Kentucky AG Backs New York's Schneiderman In National Foreclosure Settlement Talks

HuffingtonPost.com | William Alden | Posted 11.22.2011 | Business

NEW YORK -- Kentucky Attorney General Jack Conway has added his name to a list of state law enforcers who fear that a settlement being negotiated amon...

Young Adults Are Recession's Lost Generation, Census Finds

AP | HOPE YEN | Posted 11.22.2011 | Business

WASHINGTON — Young adults are the recession's lost generation. In record numbers, they're struggling to find work, shunning long-distance moves...

Protestors Dump Trash At Bank President's Home Over Layoffs, Foreclosures

Patch | Kimberly Ashton | Posted 11.21.2011 | Business

Hauling several bags of garbage left at a foreclosed Bank of America property in Malden, dozens of protesters showed up at bank president Robert Galle...

Former Trader Gets 10-Year Sentence For Insider Trading

Posted 11.21.2011 | Business

NEW YORK (Reuters) - A former securities trader was sentenced to 10 years in prison on Wednesday after being found guilty of insider trading as pa...

Bonnie Kavoussi

Fed Launches Stimulus To Abate 'Continuing Weakness' In Labor Market

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.21.2011 | Business

The Federal Reserve has unleashed another creative attempt to stimulate the economy, moving to increase its holdings in long-term securities in order ...