Slowing economy faces major hurdles

As the engine of U.S. economic growth slows, two of its main cylinders – job growth and consumer spending – still aren’t firing. Until they kick in, the  weak recovery is in… Read more

Recovery lost speed in the second quarter

The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down… Read more

Many cities awaiting a housing recovery

After welcome signs of growth in housing earlier this year, home sales — and prices — are likely to wilt again in the summer heat, a victim of rising foreclosures and weak… Read more

Women more optimistic than men about economy

There is a widening divide between men and women when it comes to their outlook for the economy and their own financial situations in the next twelve months, a new survey… Read more

Mexico’s violence largely spares foreign firms

As bodies pile up in Mexico’s drug war, local businesses bear the brunt of violence, extortion and kidnapping while big foreign-run firms have been spared the… Read more

Lawsuits seek $30 million from Madoff family

A court-appointed trustee seeking to recover billions of dollars lost by Bernard Madoff filed 3 lawsuits in a bid to get back more than $30 million  he said the Madoff family had… Read more

NY Fed: Toxic assets from AIG gaining value

Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said… Read more

Disney to sell Miramax for over $660 million

Walt Disney Co has agreed to sell Miramax, the studio behind such films as “Trainspotting” and “No Country for Old Men,” for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and a star-studded cast of… Read more

Banks’ hard sell: Opt in for more overdraft fees

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Billionaire brothers accused of insider trading

Sam and Charles Wyly, Dallas billionaire investors  made $550 million in undisclosed profits through 13 years of insider trading, according to an SEC… Read more

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