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First American CoreLogic, a data supplier, says that in the July-September period, 18% of all properties with a mortgage were underwater—that is, worth less than the outstanding debt.
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By Christopher Palmeri In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase (JPM) announced on Oct. 31 that it is sharply ramping up its efforts to restructure ...
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Major US indexes finished in the green Friday, led by gains in beaten-down financial issues. But the Dow tumbled 14% in October, with the S&P 500 down 17% US stocks, finished an ugly month on a positive note Friday.
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Delta Air Lines Inc. fleshed out its leadership team Friday and announced a new chief financial officer. In a memorandum to its employees, Atlanta-based Delta announced its officer team, combining brass from the ranks of Delta and its new subsidiary, ...
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A preliminary injunction blocking a rule requiring New York City taxicabs to get a minimum 25 miles-per-gallon starting tomorrow is a mistake, according to Environmental Defense Fund.
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By Annys Shin The Food and Drug Administration made mistakes when it said last month that a widely used chemical found in baby bottles and a wide array of plastics was harmless and it should redo its risk assessment, an FDA advisory panel ruled today.
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WASHINGTON, Oct 31 (Reuters) - A new drug made by Schwarz Pharma (SRZG.DE: Quote, Profile, Research, Stock Buzz) to treat patients with overactive bladders won approval from US health officials on Friday.
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By Kenneth Musante, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Oil prices staged a late-session rally Friday as credit markets loosened, but the gain only slightly tempered a month in which crude fell by the largest monthly percentage since ...
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By MarketWatch When in doubt, cut rates. That's pretty much what the Federal Reserve has done for most of the past 10 or 15 years.
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JPMorgan Chase won’t put any more homes into foreclosure for the next 90 days while it implements a plan to help borrowers stay in their homes, the company announced Friday.
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