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Chrysler posts quarterly loss

Chrysler Group LLC posted a second-quarter net loss on Monday and said it still had an extraordinary amount of work to complete, but its turnaround was on track and it could raise its financial outlook later this year.

House lawmaker calls for probe of Fannie Mae allegations

The top Republican on the House Financial Services Committee called on Friday for an investigation into charges that mortgage finance giant Fannie Mae pushed borrowers into a mortgage aid program so it could receive incentive payments from the U.S. government.

JPMorgan sees small impact from capital reform

JPMorgan Chase & Co expects a measure of its capital strength to fall slightly under the latest proposals from banking supervisors, according to a quarterly filing with regulators.

Weak private hiring shows recovery on the ropes

U.S. private employers added fewer workers to their payrolls in July than expected and hiring in June was much weaker than had been thought, a big blow to an already feeble economic recovery.

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Jobless claims raise doubts about economy

New claims for unemployment benefits unexpectedly rose last week to the highest level since early April, highlighting a weak labor market and the fragile economic recovery.

Wary U.S. employers keep hiring plans on hold

Anyone puzzled by the reluctance of U.S. companies to hire workers in the midst of what looks like a business-led recovery needs to talk to Robert Harvell.

U.S. payrolls likely fell again in July on census

U.S. employment probably fell for a second straight month in July as more temporary census jobs ended and private hiring remained too weak to boost a fragile economic recovery, according to a Reuters survey.

Surprise rise in jobless claims casts pall on economy

New claims for unemployment benefits unexpectedly rose last week to the highest level since early April, highlighting a weak labor market and the fragile economic recovery.

Ex-Im Bank unveils Ford loan guarantee

The U.S. Export-Import Bank said on Thursday it approved a loan guarantee for Ford Motor Co to finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico.

Stock futures edge up ahead of jobless claims

Stock index futures edged higher on Thursday as investors took a cautious track ahead of the morning's labor data, a precursor to Friday's monthly jobs report.

Ex-Im Bank to unveil Ford loan guarantee: official

The U.S. Export-Import Bank will unveil a loan guarantee on Thursday for Ford Motor Co that will finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico, a White House official said.

Geithner blasts Bush policies for debt

The Bush administration's misguided policies are to blame for huge U.S. budget deficits, Treasury Secretary Timothy Geithner charged on Wednesday as he sought to build an election-year case for ending tax cuts for the wealthiest Americans.

White House: Beginning of the end of Gulf spill

The White House on Wednesday hailed the beginning of the end of efforts to plug and contain the BP oil spill in the Gulf of Mexico but said there was still a lot of cleanup work to be done.

Obama welcomes BP success in subduing Gulf well

BP Plc claimed a significant milestone in efforts to plug its broken Gulf of Mexico well for good on Wednesday, as a U.S. government report showed nearly three-fourths of the spilled crude had been mopped up or dispersed.

Five US states to get foreclosure prevention aid

As many as 50,000 struggling homeowners in five U.S. states with high unemployment may receive help from a special $600 million federal fund intended to head off foreclosures.

BP claims milestone as drill mud holds well shut

Oil company BP claimed a significant milestone in efforts to plug a leaking well for good on Wednesday ahead of a U.S. government report that will show most of the spilled crude is already gone.

Geithner: unemployment could rise

Treasury Secretary Timothy Geithner said the U.S. unemployment rate could rise for two months before it drops, potentially deepening Democrats' problems in the November congressional elections.

Treasury links 5.6 million hires to tax credits

Businesses eligible for tax credits under an Obama administration stimulus package hired an estimated 5.6 million workers, the Treasury Department said on Monday.

Geithner aims to calm Wall Street on rules

Treasury Secretary Timothy Geithner on Monday promised not to swamp Wall Street with red tape and vowed to move quickly to put in place new rules for the financial marketplace to dispel uncertainty.

Geithner: must move fast on new regulations

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.

Will Japan intervene to curb yen's rise?

A broad fall in the dollar has propelled the yen higher, bringing the Japanese currency within range of levels it has not traded at for 15 years and raising speculation whether even more gains will tempt Japanese authorities to intervene.

BP's well plug nears, Dudley to visit Russia

BP Plc Chief Executive-designate Bob Dudley will fly to Moscow this week to meet government officials and BP's oligarch partners in its Russian venture as the oil giant prepares to plug its blown out Gulf of Mexico well for good.

BP's Dudley to visit Russia, nears well plug

Imports slow Q2 growth as business spending surges

U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.

Chrysler profitable, no rush to IPO: CEO

Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout.

Imports slow second-quarter growth

Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.