Fed sets mortgage disclosure, compensation rules

WASHINGTON (Reuters) - The Federal Reserve on Monday published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for steering borrowers into loans with higher interest rates. Monday, August 23, 2010

Home builder mood sours

WASHINGTON/NEW YORK (Reuters) - Home builders' optimism hit a near 1-1/2 year low in August and a regional manufacturing gauge grew more slowly than expected, implying the economic slowdown continued into the third quarter. Monday, August 23, 2010

Treasury links 5.6 million hires to tax credits

WASHINGTON (Reuters) - Businesses eligible for tax credits under an Obama administration stimulus package hired an estimated 5.6 million workers, the Treasury Department said on Monday. Thursday, August 05, 2010

Obama: Republicans holding small businesses "hostage"

WASHINGTON (Reuters) - President Barack Obama on Saturday accused Republicans of holding American small businesses "hostage to politics" after Republican senators refused to back a $30 billion small-business lending package. Thursday, August 05, 2010

AT&T and Verizon plan mobile payment system: report

(Reuters) - AT&T Inc and Verizon Wireless are planning a partnership to displace credit and debit cards by letting consumers pay with the contactless wave of a smartphone, Bloomberg News reported, citing three people with direct knowledge of the plan. Thursday, August 05, 2010

MetLife to sell more equity than planned for Alico

NEW YORK (Reuters) - MetLife Inc (MET.N) said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, (AIG.N) or about 50 percent more than it originally expected. Thursday, August 05, 2010

Geithner: must move fast on new regulations

WASHINGTON (Reuters) - The Obama administration intends to quickly put new rules for the financial marketplace into action but won't "layer new rules on top of old," U.S. Treasury Secretary assured Wall Street on Monday. Thursday, August 05, 2010

Bernanke says economy still short of full recovery

CHARLESTON, South Carolina (Reuters) - The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday. Thursday, August 05, 2010

Chrysler to keep Michigan plant open, add jobs

DETROIT (Reuters) - Chrysler Group LLC will add a second shift to the Sterling Heights Assembly Plant near Detroit in early 2011 and keep that plant open beyond 2012, when it had been planned to shut, the company said on Friday. Thursday, August 05, 2010

U.S. bank failures total 108 after 5 shut on Friday

WASHINGTON (Reuters) - U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded. Thursday, August 05, 2010

Goldman defends its collateral calls to AIG

WASHINGTON (Reuters) - Goldman Sachs said that it believed its trades with bailed-out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market. Thursday, August 05, 2010

Avoid U.S. health insurers after reform, brokerage says

NEW YORK (Reuters) - U.S. health insurers are not worth the long-term investment risk in the wake of the new healthcare reform law, according to brokerage Edward Jones. Thursday, August 05, 2010