| Sep 18, 2013
Re "Summers ends bid to be Fed chief," Sept. 16
In his letter to President Obama withdrawing his name from consideration for chairman of the Federal Reserve, Lawrence H. Summers wrote that he "reluctantly concluded that any possible confirmation process...
| Oct 2, 2013
| 10:17 AM
New York Atty. Gen. Eric Schneiderman has lowered the boom on Wells Fargo for what he says are serial violations of the huge foreclosure abuse settlement that Wells and four other big banks reached with federal and state regulators last year....
| Sep 13, 2013
| 8:30 AM
WASHINGTON -- Consumer confidence tumbled this month to its lowest level since April amid rising interest rates and sluggish job creation.
The preliminary September consumer sentiment reading Friday from the University of Michigan and Thomson Reuters...
| Oct 15, 2013
| 9:34 AM
This has been a good year for Mary Jo White, the new chair of the Securities and Exchange Commission, and not such a good one for Apple Inc. Chief Executive Tim Cook and New York hedge fund manager Bill Ackman.
That’s the view of Worth magazine,...
| Sep 19, 2013
Over the weekend, Larry Summers ended his quest to chair the Federal Reserve.
At least, that's what we heard. But was it really "his" quest? Or was he drafted by former colleagues, mentors, supporters and friends, including President Obama? We do not...
| Oct 14, 2013
| 8:51 PM
The question seems simple, but shedding light on the answer was worth a Nobel Prize for three American economists: How do we know how much an item is worth?
Eugene F. Fama and Lars Peter Hansen of the University of Chicago and Robert J. Shiller of...
| Oct 13, 2013
| 5:00 AM
WASHINGTON — The government shutdown and the debt limit have dominated the headlines, but a behind-the-scenes fight over federal mortgage policy has been brewing and it could affect your choices the next time you apply for a home loan.
| Sep 18, 2013
| 8:46 AM
Investors have been battering the company that owns the Redbox DVD kiosks after the company cut its forecast for third-quarter and full-year earnings because customers are keeping movies fewer days.
Outerwall Inc. shares are down 13% from Monday’s...
| Oct 10, 2013
| 7:41 AM
Mortgage interest rates have leveled off at their lowest levels since June, with 30-year fixed-rate loans averaging 4.23%, statistically unchanged from 4.22% last week, according to Freddie Mac's weekly survey.
The home finance giant's widely watched...
| Oct 10, 2013
Congress has spent much of the last three years stumbling about like a traveler who's lost his map, with no coherent strategy for bolstering the weak economy or putting more jobless Americans back to work. Meanwhile, the Federal Reserve has worked...
| Oct 9, 2013
| 12:25 PM
WASHINGTON -- Janet Yellen, President Obama’s choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the...