WASHINGTON -- The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers.
By Lucia Mutikani. WASHINGTON Dec 9 (Reuters) - U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery.
Food distribution giant Sysco is buying rival US Foods for $3.5 billion, showing how U.S. companies are putting buyouts back on the menu for the first time since 2007.
The Dow Jones industrial average edged higher on Monday as the stock market extended its rally from Friday, when the government reported strong hiring for last month.
CHICAGO--Federal Reserve Bank of Dallas President Richard Fisher said Monday that it is time for the central bank to begin winding down its easy-money policies and give a clear timetable for how that process will play out, adding that markets are expecting ...