Feds subpoena mortgage records from Ally Financial

Ally Financial says it has received subpoenas from federal investigators looking into mortgage fraud.
The company also says it will take a $100 million charge in […]

Nissan leads recovery in Japan auto production

Japanese automakers’ global vehicle production was weaker overall in May due to the lingering impact from the March 11 earthquake, but Nissan showed resilience with […]

Gushers highlight potential of Pa. gas field

Two unexpected gushers in northeastern Pennsylvania are helping to illustrate the enormous potential of the Marcellus Shale natural gas field.
Each of the Cabot Oil & […]

Economy grew slightly faster 1.9 pct. in Q1

The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don’t […]

Ford slides, Toyota surges in key quality survey

DETROIT

Proposed legislation offers lower wages than Canada Post

Postal workers are up in arms over the Harper government

Why Wall Street still says buy, and you shouldn’t

What’s the difference between an ostrich and a Wall Street analyst? An ostrich occasionally takes its head out of the sand.
Despite a flurry of signs […]

IMF reduced forecast for US, global growth

The International Monetary Fund says the U.S. economy will grow at slower pace this year than previously estimated, dragged down by higher oil prices and […]

Asian shares slump on Greek default fears

Positive economic data out of the U.S. failed to provide a boost to stocks in Asia on Friday, as worries mounted that Greece will be […]

Pandora’s stock retreats to below IPO price

Buyer’s remorse already may be setting in for some investors in Internet radio station Pandora Media.
After intense demand drove up the price of Pandora’s initial […]