Cuban responds to SEC, says no secrecy deal

Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his Web site that he had not agreed to keep information about a proposed stock sale confidential.

Why stock market doesn't reflect the economy

The stock market is not the economy.

Banks raid Fed emergency fund at record rate

The Fed reports that banks borrowed in record amounts from its emergency lending facility over the past week, while investment banks drew loans at a slightly lower pace.

Congress may propose a second stimulus plan

Democratic leaders may call Congress back to work after the election in hopes of passing legislation that would extend jobless benefits, add money for food stamps and a tax rebate.

Paulson's powers of persuasion tested

Treasury Secretary Henry M. Paulson Jr. �again confronts the liability of working for an administration in its twilight. Only this time, he's discovering that it's harder to get what he wants.

Government to insure money market funds

The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.

AIG shares tumble as it fights for a lifeline

Shares of AIG fell Tuesday as investors questioned whether the huge insurer would come up with more money to stay in business and avoid igniting even more global financial turmoil.

Fannie, Freddie shares lose 25 percent of value

Shares of Fannie Mae and Freddie Mac lost more than a quarter of their value on Wednesday as fears mounted that the mortgage financiers will soon need government support and any bailout would hang stockholders out to dry.

Fannie, Freddie rescue plans spark anxiety

A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets.

Foreclosures likely skewing housing indicator

As if the housing market wasn't scary enough, the record-setting surge in foreclosures could be distorting some of the closely watched housing data used to gauge the market's health.

June trade deficit shrinks unexpectedly

The U.S. trade deficit fell unexpectedly in June as exports advanced to an all-time high, offsetting another big surge in oil imports.

Boeing may not bid on Pentagon tanker deal

Shares of Boeing fell Monday after reports that the company is considering not bidding in the next round for the Pentagon's $35 billion airborne refueling tanker contract.

Pending home sales rise unexpectedly

A measurement of pending home sales rose in June in a rare piece of positive news for the beleaguered market.

Freddie Mac posts its fourth consecutive loss

Freddie Mac posted its fourth consecutive quarterly loss, set plans to slash its common stock dividend and doubled its reserves for losses on delinquent loans and home foreclosures.

Scientist says buzz over Mars life is 'bogus'

Rumblings suggest that NASA will announce findings from the Phoenix Mars Lander that relate to the question of life, but the mission's top scientist and the White House science adviser's office say the rumblings are wrong.

Stuck in quagmire, Fed likely won't raise rates

An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy.

Citigroup targeted by SEC, Cuomo

New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc., accusing it of fraudulently marketing and selling auction-rate securities, and destroying documents that had been subpoenaed.

At least 7 killed, 2 missing in Minn. plane crash

A small jet flying from New Jersey to Minnesota crashed in strong thunderstorms Thursday, killing at least seven people who were traveling to do business with a glass company.

Paulson: Stimulus is boosting the economy

The $168 billion government stimulus effort has been a timely support for the economy and will continue to boost growth in the second half of this year, Treasury Secretary Henry Paulson said Thursday.

Paulson: New way to help mortgage market

The Bush administration and federal banking regulators joined with the nation's four largest banks to endorse a new way to pump money into the battered U.S. mortgage market.

Bush official: 2008 deficit will set a record

A senior Bush administration official says the budget deficit for this year will set a record in dollar terms, approaching $490 billion.

SEC launches securities rumors investigation

The Securities and Exchange Commission said Sunday it is immediately opening a probe to prevent the spread of false information used to manipulate securities prices.

Bernanke to brief Congress on the economy

Fed Chairman Ben Bernanke is scheduled to brief Congress Tuesday on the economy, which has been walloped by high energy prices and fallout from the housing slump and credit crunch.

Officials consider ways to help mortgage giants

Government officials are in discussions about developing a plan for propping up the big mortgage companies Fannie Mae and Freddie Mac should they falter.

Fannie, Freddie rebound on capital relief

Shares of mortgage financiers Fannie Mae and Freddie Mac bounced back, a day after plunging over worries the pair might need billions of dollars in new capital.

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