Fannie Mae and Freddie Mac both narrowed their losses in the fourth quarter of 2010. But they aren’t out of the woods yet: Both of the government-sponsored home-mortgage buyers have requested higher amounts of new federal aid t…
After a three-year search, Lou D’Ambrosio, a former technology executive, has been tapped to lead the struggling retailer.
Continue reading Why Is a Technology Executive Leading Sears?
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Stocks fell again on Wednesday, and oil prices briefly crossed the $100-a-barrel mark after violence escalated in Libya. Oil traders are spooked about the possible spread of turmoil. Tech bellwether HP’s disappointing outlook …
Or will it disappoint? Investors — and taxpayers — will be watching on Thursday, when GM posts its latest earnings. Despite analyst expectations of a full-year profit, the automaker has warned that fourth-quarter results will…
The Dow suffered a steep triple-digit loss Tuesday as turmoil in Libya ignited a global sell-off in stocks. Oil prices rose sharply, as did safe-haven assets such as Treasurys and the dollar. Disappointing news from Walmart did…