Federal regulators on Tuesday proposed raising an additional $45 billion from the nation's banks to help rebuild the fund that insures customer deposits as an increasing number of failures threaten to drain the fund's reserves.
The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
Inside an unassuming building in a Waukesha industrial park, computers are strapped to a vibration table, thrown into dust storms, assaulted by noise and baked in a high-temperature oven.
Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.
Bank of America Corp. said Wednesday it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc.
Charles Gordon says he's always wanted to run his own business. But the Sacramento man had a solid career in information technology, and with it, security.
Since February, when the government launched a Web site, Recovery.gov, to provide a window on the federal stimulus package, critics have been calling for a makeover.
JPMorgan Chase & Co. said Tuesday it is shuffling the management duties of its investment banking and asset management units.
Federal regulators expect bank failures to cost the deposit insurance fund about $100 billion in the next four years and the fund to fall to a negative balance this month.
Investors are just not sure where the economy is headed. And so the stock market may be in limbo for a while.