By Binyamin Appelbaum JACKSON HOLE, WYOMING: Janet L. Yellen, the Federal Reserve chairwoman, said Friday that the economy was improving but that the Fed was awaiting more evidence about the health of labor markets before deciding when to ...
Washington: Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.
Shares of the retailer of casual clothes struggled in the early 2000s as fashions shifted. But that's been changing. Most recently, the company reported a second quarter profit of 75 cents a share, which beat expectations by 8.7%.
NEW YORK (Reuters) - U.S. stocks have been on a roll of late, with the S&P 500 hitting the latest in a series of records on Thursday, and investors expect the index's momentum to soon carry it to - if not far past - the 2,000 milestone.
California will recover $300 million in damages from Bank of America as part of a $16.65 billion settlement over the bank's handling of mortgage-backed securities prior to 2009, officials said Friday.