In a filing with regulators on Monday, the bank said the market value of its investments in Fannie Mae and Freddie Mac preferred stock had fallen by half to $600 million this quarter.
In today’s fuel-conscious automotive market, Honda is reaping the rewards for its commitment to building fuel-efficient, environmentally friendly cars.
With Wall Street virtually empty, it is worth trying to peer around the corner to see what will happen when everyone gets back to business after Labor Day.
The respite for the housing slump came as falling prices appeared to lure more buyers into the market, but the number of homes for sale increased significantly.
The extent to which the Internet served as a supplement to television was unprecedented, and there were two clear winners: NBC’s Web site and Yahoo’s Olympics section.
Getting U.S. stars like Michael Phelps to perform live in prime time was just one of the moves that set up the spectacular success NBC achieved in the Beijing Games.
Executive changes at the software maker SAP have fed an irresistible narrative in financial markets: the software egghead is yielding to the uncompromising money maker.