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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 12-22
  • Senate confirms Julian Castro as housing secretary

    Senate confirms Julian Castro as housing secretary
    WASHINGTON - The U.S. Senate on Wednesday confirmed Julian Castro to lead the Department of Housing and Urban Development, placing the San Antonio, Texas mayor at the top of the agency in charge of housing during a sluggish recovery in the sector....
  • Column: Crumbs today, jam tomorrow?

    (Reuters) - Creating needs among consumers is both the basis of our economy and a really risky investment strategy. That is the message from the demise of cupcake company Crumbs Bake Shop, a (former) seller of cupcakes each of which averaged about one...
  • Vatican restructures scandal-hit bank, vows transparency

    VATICAN CITY (Reuters) - The Vatican on Wednesday said it would separate its bank's investment business from its Church payments work to try to clean up after years of scandal, and vowed to become a "model of financial transparency". French businessman...
  • State Street settles shareholder, employee lawsuits for $70 million

    (Reuters) - State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed...
  • Holder won't meet with BofA CEO as mortgage talks stall: sources

    NEW YORK/WASHINGTON (Reuters) - Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by...
  • India's Gandhi says Modi's government in 'witch hunt' as Congress probed on taxes

    NEW DELHI (Reuters) - Sonia Gandhi, president of India's ousted Congress party, on Wednesday accused the new Narendra Modi-led government of a "political witch hunt" after tax authorities began probing her party as she and her son face allegations over...
  • McAuliffe, concerned about IT contracts, calls for review

    Longstanding rumblings that Gov. Terry McAuliffe is displeased with state contracting practices came out into the open today when he called for a sweeping review of state contracts for information technology and service contracts.  "Virginia taxpayers...
  • Lawmaker questions NY Fed role in U.S. regulatory risk panel

    WASHINGTON (Reuters) - A congressman is questioning whether the New York Federal Reserve bank is exerting undue influence during closed-door meetings of an oversight council tasked with identifying risks posed by large financial firms. In a letter to New...
  • American Apparel deal keeps Dov Charney on as consultant - for now

    American Apparel deal keeps Dov Charney on as consultant - for now
    After weeks of turmoil following the ouster of Chief Executive Dov Charney, American Apparel Inc. has staved off potential financial ruin by reaching a deal with its largest shareholders that will bring a welcome infusion of cash and also keep its...
  • Chicago unveils new rooftop solar discount program

    Chicago unveils new rooftop solar discount program
    Chicago is offering rooftop solar panel installations through the summer at 25 percent below market rates through a partnership with non-profit Vote Solar. The idea, announced Wednesday, is to jumpstart solar installations in the city, according to...
  • Fed mulls policy exit, eyes end of asset purchases

    WASHINGTON (Reuters) - The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest...