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US Bank Earnings Rose This Winter To 5-Year High

Posted: 05/24/2012 - U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years. The number of troubled banks fell for the fourth straight quarter.

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Facebook May Move Shares To NYSE

Posted: 05/23/2012 - Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday.

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HP To Cut 27,000 Jobs To Save Up To $3.5B Annually

Updated: 05/24/2012 - Hewlett-Packard has announced plans to fire 27,000 employees. They say the plan will cut about 8 percent of the company's workforce and help save billions each year.

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Fewer People Late On Car Payments

Posted: 05/23/2012 - A credit reporting agency says that while high-risk borrowers got more auto loans, people are doing better at keeping up the payments.

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Mass. Subpoenas Morgan Stanley In Facebook Case

Posted: 05/22/2012 - Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative information about Facebook before last week's initial public offering.

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Colo. Grants Return For Energy Production Impacts

Posted: 05/22/2012 - An improving Colorado economy means municipalities affected by energy and mineral production will be eligible for money that lawmakers were using during tough budget times.

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Congressional GOP Pushes For Action On Taxes

Posted: 05/17/2012 - Senate Republicans wrote to the Democratic majority leader to say they want a vote this summer to head off tax increases that will otherwise automatically take effect on Jan. 1.

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Stocks Open Lower As Europe Overshadows Jobs Data

Posted: 05/17/2012 - Stocks are slipping in early trading as unease over Europe overshadows an encouraging U.S. employment report and good results from big retailers including Walmart Stores.

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Boehner: Spending Cuts Must Offset Debt Limit Hike

Posted: 05/15/2012 - House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase.

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US Stocks Gain On Unemployment Report

Posted: 05/10/2012 - U.S. stocks are higher at the opening bell after the government said weekly jobless claims edged downward last week.

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