Fannie mortgage holdings sink, delinquencies leap
Fannie Mae's gross mortgage portfolio shrank sharply in November while the delinquency rate on single-family loans it guarantees leaped in October, the government-controlled U.S. home funding company said on Monday. See full article.
Retail holiday sales improve upon 2008 disaster
U.S. retailers performed better during the key holiday shopping season this year after a historically dismal 2008, performing in line with dampened expectations, according to data released on Monday. See full article.
Wall St edges up to '09 highs as holiday sales help
U.S. stocks edged higher for a sixth straight day on Monday as data indicating improved consumer spending lifted shares of retailers, offsetting a drop in airline shares amid security worries. See full article.
JPMorgan sues ex-private banker for theft
JPMorgan Chase & Co said it has sued a former private banking executive arrested last year in Argentina on criminal charges, accusing him of stealing $2.8 million from a customer's account. See full article.
Fed proposes creation of new exit tool
The Federal Reserve on Monday proposed the creation of a new mechanism it could use to withdraw money from the banking system when the time comes to tighten monetary policy. See full article.
AT&T resumes online iPhone sales in NYC
AT&T has resumed placing orders from iPhone orders on its website, the company said on Monday according to media reports. See full article.
Advocacy groups urge FTC to bar Google-AdMob deal
Two advocacy groups asked U.S. antitrust regulators on Monday to block Google's purchase of AdMob, a provider of advertising services for mobile phones, on antitrust grounds and to address privacy issues raised by the deal. See full article.
Amazon e-book sales surpass real books for first time
Amazon released its annual post-Christmas statement and announced that more Kindle books were sold than real books through Amazon on Christmas day. See full article.