By PAUL DAVENPORTAssociated Press
PHOENIX (AP) - States starting to turn the corner on their Great Recession budget woes are taking the cautious approach, socking away millions of dollars in rainy day funds rather than restoring spending for education, health care and social
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - JPMorgan Chase CEO Jamie Dimon had a much tougher reception Tuesday when he returned to Capitol Hill for a second round of questions over the bank's $2 billion trading loss.
House lawmakers from both
By ALEX VEIGAAP Business Writer
LOS ANGELES (AP) - Despite concerns about the economy, Discover's customers are using their cards more often and paying their bills on time at record rates.
The company's profit fell 10 percent in its March-May quarter,
By The Associated Press
RIVERWOODS, Ill. (AP) - Discover Financial Services says its second-quarter net income fell 10 percent as the company freed up less money from reserves set aside to cover customers' unpaid bills.
But the delinquency rate for loans
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - Stocks rose sharply on Wall Street Tuesday as traders turned their focus back to corporate news from the U.S. and hopes that the Federal Reserve will come up with a plan to jumpstart the economy. Banks and materials stocks led
By SAMANTHA BOMKAMPAP Business Writer
NEW YORK (AP) - FedEx Corp. said Tuesday that slow global economic growth will crimp its earnings over the next 12 months. The company vowed to make significant cost cuts to counter any drop in package shipments.
The world's second-largest package delivery
By TOM MURPHYAP Business Writer
One of the biggest misconceptions about President Obama's health care overhaul isn't who the law will cover, but rather who it won't.
If it survives Supreme court scrutiny, the landmark overhaul will expand coverage
By SARAH DiLORENZOAP Business Writer
BRUSSELS (AP) - European leaders are locked in a fierce debate over how to solve the debt crisis that is killing off growth on the continent, including whether to ease up on the terms of Greece's bailout deal.
By DANIEL WOOLLSAssociated Press
MADRID (AP) - Spain found it increasingly difficult to find buyers for its debt Tuesday when it had to pay a sharply higher interest rate in an auction of short-term bonds, highlighting growing concerns that the country might eventually need
By TERENCE CHEAAssociated Press
SAN FRANCISCO (AP) - The cost of pensions and retiree health benefits are soaring at the University of California, increasing pressure to raise tuition and cut academic programs at one of the nation's leading public college systems