After an unsuccessful first attempt, the Treasury Department is poised to announce Monday details of its plan to help get so-called toxic assets off of the balance sheets of the nation's largest and often most troubled financial institutions.
Wall Street closed out its first two-week gain in almost a year Friday barely. After a mixed start, stocks veered lower in the afternoon as financial stocks fell and investors collected profits from the advance that saw the Dow rise 14 percent over seven trading days.
The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers who are linked to Detroit's carmakers, officials said Thursday.
The Andersons, African-Americans who rose from humble means, are attempting to spend their money for one year exclusively with black-owned businesses and are encouraging other African-Americans to do the same.
Rep. Maxine Waters, D-Calif., is defended her role assisting minority-owned banks in the midst of the nation's financial meltdown and dismissed suggestions that she used her influence last year to steer government aid to a bank with ties to her husband.