BofA's $17B Settlement Not as Large as it Appears

Posted: 08/21/2014 - Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Department will increase that toll, but not by a full $17 billion.

US Home Construction Jumps 15.7 Percent in July

Posted: 08/19/2014 - U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

US Jobless Aid Applications Rise to 311,000

Posted: 08/14/2014 - More people applied for U.S. unemployment benefits last week, although jobless More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.

US Retail Sales Flat in July

Posted: 08/13/2014 - U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.

NY Judge to Encourage Settlements of GM Lawsuits

Posted: 08/12/2014 - A New York judge has told lawyers he'll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.

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