Federal Reserve Chairman Ben Bernanke declared Friday that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression.
Construction of single-family homes rose 1.7 percent in July, the fifth-straight monthly increase as builders poured foundations at the fastest pace since last October, the Commerce Department said Tuesday.
The credit card legislation signed by President Barack Obama in May provides consumers their first morsel of relief on Thursday when card issuers must begin giving more notice before imposing rate increases or charging late fees.
Despite the recession, more workers ramped up retirement-plan contributions in the second quarter than reduced them, reversing a trend in the previous three quarters of more workers' cutting contribution rates, according to a Fidelity Investments study of plans it administers for 11.2 million participants.
As a car crusher rumbles in the background, waiting for its next victim, Tony Faust stands at the end of his dusty salvage lot looking upon rows and rows of scrapped vehicles, counting the ones marked "C4C."
Two months after terminating 789 dealerships, Chrysler Group LLC is approaching some of those dealers to compete for a chance to sell Chrysler, Dodge and Jeep cars again in one of 140 "open" locations throughout the United States.