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 - Rep. Mel Watt is expected to be confirmed this week to lead the influential housing-finance regulator that oversees Fannie Mae and Freddie Mac after the Senate changed its filibuster rules, making it harder to block White House nominees.
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.