BP profit surges on high oil prices

BP PLC reported a 28% rise in second-quarter profit on Tuesday, exceeding analyst expectations, as crude oil soared to record levels and natural gas […]

Obama beats McCain in Arizona fundraising in June

In June 2008, Democrat Barack Obama raised more money than Republican John McCain in McCain's home state of Arizona.
Obama raised $432,000 compared […]

Wachovia to exit wholesale mortgage business

Wachovia Corp., the nation’s fourth largest-bank, said Monday that it is leaving the wholesale mortgage lending business.
Beginning July 25, the company will no […]

Philippines May Raise Interest Rates Further, Tetangco Says

The Philippine central bank, which last week raised its benchmark interest rate for the second straight month, may increase borrowing costs further as inflation […]

Capital One profits plummet 40%

Capital One Financial Corp. said Thursday its second-quarter earnings fell 40%, due to a sharp increase in its loan-loss provision amid further deterioration in […]

Home Prices Unchanged in Queens, Long Island as Loans Tighten

Sales of homes in Long Island and Queens, New York, declined in the second quarter as mortgage companies tightened lending standards.
The number of […]

Federal deficit grows to $268.7 billion

The Treasury Department says the federal deficit swelled to $268.7 billion in the first nine months of this budget year as record spending during […]

Fannie, Freddie Downgraded by Derivatives Traders

Fannie Mae and Freddie Mac, ranked Aaa by the world's largest credit-rating companies, are being treated by derivatives traders as if they are rated […]

InBev seeks new Bud board in takeover battle

InBev NV (INTB.BR: Quote, Profile, Research, Stock Buzz) increased pressure on reluctant takeover target Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research, Stock Buzz) on […]

Bernanke

Policy makers in emerging economies from Russia to Vietnam may have to start acting less like Ben S. Bernanke and more like Paul Volcker […]