The U.S. lost about $11 billion on its investment of about $50 billion in General Motors Co., which was the largest piece of an industry bailout that became a centerpiece of U.S.
WASHINGTON (AP) - A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer.
TOKYO (Reuters) - Stocks mostly edged up in Asian trade on Tuesday, while tighter money market conditions in the euro zone helped the euro climb to a five-year peak against the yen and a six-week high against the dollar.
WASHINGTON (Reuters) - Government-run Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders for guaranteeing new loans in March to encourage private firms to wade back into the housing finance market.
NEW YORK (Reuters) - Stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S.