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.
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.
China's industrial production rose less than estimated last month as retail sales unexpectedly accelerated, data from the National Bureau of Statistics showed today.
Fannie Mae (FNMA) 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.