An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit.
Sallie Mae Bank and Navient have been practicing widespread abuse in their student lending practices, leading to billions of dollars of needless debt, according to a lawsuit filed by Illinois Attorney General Lisa Madigan.
General Electric Co.'s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months.
International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m ...
Morgan Stanley gave its chairman and CEO, James Gorman, a 7% raise for 2016, while Goldman Sachs Group Inc. cut stock awards for several executives but didn't disclose compensation for its top executive Lloyd Blankfein.