Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' Saab unit, in the latest push by a Chinese auto firm to secure a global footprint.
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to hedge against inflation by buying commodities.
Hurricane Fred strengthened into a Category 3 storm on Wednesday over the eastern Atlantic, the U.S. National Hurricane Center said.
U.S. stocks extended three straight days of gains on Wednesday as favorable comments from Goldman Sachs lifted the industrial sector while rising crude prices boosted energy stocks.
The New York City penthouse where imprisoned fraudster Bernard Madoff spent his last few days of freedom with his wife Ruth is set to go on sale later this week, according to the U.S. Marshals Service
The Kennedy family saga was already the Greek tragedy of modern American history, but a book alleging a love affair between Robert F. Kennedy and his brother's wife adds new pathos to the tale.
ew York's Fashion Week kicks off on Thursday with a very simple message for style-conscious consumers -- spend, spend, spend.
Actor Robert De Niro, musician Bruce Springsteen and funnyman Mel Brooks are among the entertainers whose careers will be celebrated at this year's Kennedy Center Honors Gala in December.
Whitney Houston returned to the U.S. pop album chart in grand style on Wednesday as her first album in seven years debuted at No. 1.
The United States' and Britain's triple-A sovereign debt ratings are safe for now but both countries will need to severely adjust fiscal policies in the wake of the global financial crisis, Moody's Investors Service said in a statement released late on Tuesday.
Despite Aid, Home Pain Continues; Obama's Stake Tonight; Inside Madoff's Home
Ice Edge Holdings, a group of U.S. and Canadian businessmen, has dropped out of the auction set to start later this week for the National Hockey League's Phoenix Coyotes, leaving Canadian billionaire James Balsillie and the NHL as the only bidders for the bankrupt team.
British bank Barclays, which snapped up Lehman Brothers' U.S. business a year ago, aims to be a consistent top-five player in U.S. equities and says it is not done with expanding there.
Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to buy commodities as a hedge against inflation.
McDonald's Corp's August sales at existing restaurants rose 2.2 percent globally, missing analysts' target, as strength in Europe partly offset weakness in the United States and other parts of the world.
In recent years, most Americans have regarded Labor Day as a vacation day at the end of summer. However the history of Labor Day and what the day represents should not be forgotten.
Nokia Oyj plans to skip tailoring software of its upcoming top-of-the-range model N900 to different operators, raising the risk some carriers, who focus on integrating their own software, could refuse to offer the model.
The head of U.S. bank Goldman Sachs said on Wednesday that anger over bankers' pay was understandable and appropriate, and that greater scrutiny of trade in complex instruments was needed to keep banks in check.
Iran handed a package of proposals to world powers on Wednesday, as it came under renewed Western pressure to swiftly engage in meaningful talks to resolve the dispute over its nuclear program.
Palm Inc on Wednesday announced a lower-priced smartphone in the same family as its popular Palm Pre, although the move may be overshadowed by rival product launches by Motorola and Apple.
