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Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.
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A Comparison Of Candidates' Tax Plans
From a flat tax to a "millionaires' tax," presidential candidates have put forth a variety of ideas for better steering the economy through changes to tax policies.
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Protesters At Apple Stores Demand 'Ethical' Products
The protesters delivered a petition with 250,000 signatures at six stores worldwide.
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The Mortgage Deal: A Reality Check
The $26 billion settlement reached by the federal government, most states and the nation's largest banks to compensate homeowners for abusive foreclosure practices is unlikely to end the housing crisis, analysts say. It could also lead to a new round of foreclosures, which would drive prices even lower.
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PepsiCo Says It Will Cut 8,700 Jobs Worldwide
The announcement comes as the company announced a fourth-quarter income of $1.4 billion.
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Birthplace Of 'Robo-Signing' Eyes Deal Critically
On Thursday, the federal government reached a $26 billion deal with the nation's largest banks to compensate homeowners. In Florida, where a lawyer uncovered and named the rushed mortgage-approval process, some lawyers and homeowners say technical issues and trust battles remain for courts and the banks.
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The GOP Elixir: Candidates Campaign On Tax Cuts
All four of the remaining Republican presidential candidates have proposed cutting business and personal income taxes — the only difference is by how much.
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Foreclosure Deal To Help Underwater Homeowners
Government officials have worked out a deal with the nation's five big banks to settle state and federal investigations of alleged foreclosure abuses. Banks would have to pay $5 billion in cash and another $20 billion in loan modifications under the terms of the deal.
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Foreclosure Deal May Mean More Foreclosures This Year
Foreclosures slowed as big banks waited for the details of the settlement to become clear. Now, they're likely to pick up the pace.
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House Passes Bill That Would Ban Insider Trading By Lawmakers
The House on Thursday passed a bill that would ban congressional insider trading. With congressional approval at all-time lows, the bill was widely seen by lawmakers as a small step in restoring public confidence. But differences remain to be worked out with a Senate measure, passed last week.
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Jobless Claims Near 4-Year Low As Hiring Picks Up
Weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008. A consistent decline in applications has coincided with the best job growth since last spring.
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Greek Government Reaches Austerity Deal That's Key To Bailout Payment
The indebted nation needed to agree to more cuts in pensions and other programs. Now it's in line to receive about $173 billion more in financial aid.
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Settlement Reached With Banks On Relief For Some Homeowners
Officials have been pressing five banks to offer mortgage relief and some financial aid to homeowners who got crushed when the housing bubble burst or were caught up in the "robo-signing" scandal that sped up the foreclosure process.
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Greek Leaders Fail To Reach Debt Overhaul Deal
European leaders are working on a $172 billion bailout aimed at preventing Greece from falling into bankruptcy. But the Greek finance minister will go to EU leaders empty handed. Greek lawmakers failed to reach an agreement on pension cuts among other things.
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Swiss Bank UBS To Take Back Some Bonuses
A trading scandal last year cost UBS more than $2 billion and pushed it into the red. The bank plans to take back some of that money, according to The Wall Street Journal. UBS's board of directors decided to take back half of stock-based bonuses awarded last year, if the bonuses exceeded $2 million.
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States, Banks Negotiate Foreclosure Settlement
Assuming all goes as planned, at least 49 states will have signed on to a broad settlement between the banks and state attorneys general over robo-signing. Troubled homeowners may see some benefit, the banks will get some immunity provisions and the Obama administration is hoping to get some credit for negotiating the deal.
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