WASHINGTON - The federal government closed the books on the taxpayer bailout of General Motors Co., selling the remaining shares in the nation's largest automaker and taking an expected $10.5-billion loss.
KUALA LUMPUR, Malaysia (AP) - Asian stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.
The dollar was steady against the yen during Asian trading Tuesday as investors continued to mull the likely timing of the Federal Reserve's tapering of its asset-purchase program following last Friday's stronger-than-expected U.S.
WASHINGTON - American households have regained almost all of the wealth lost during the Great Recession, thanks to surging stock prices and recovering home values.
Fannie Mae (FNMA:US) and Freddie Mac, the U.S.-owned mortgage-finance companies, will raise the fees they charge lenders to guarantee loans as part of an effort to shrink their presence in the mortgage market, the Federal Housing Finance Agency said.