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U.S. Stock Market Summary – May 21, 2012US stocks moved higher for the first time in a week Monday, with the Dow posting its biggest gain in over a month, as the likelihood of European leaders finding a solution to the current situation in Greece ...

GM Ending Run of Super Bowl Ads after Pulling Facebook AdsWhile most of the news last weekend involved Facebook last week, General Motors made a pretty substantial announcement late Friday which went largely unnoticed because of all the buzz about ...

U.S. Stock Market Summary – May 17, 2012US stocks moved sharply lower Thursday as investors fled to the relative safety of bonds over concerns about the uncertain political future in Greece.  The rush to treasuries sent the yield on the ...

U.S. Stock Market Summary – May 16, 2012US stocks moved lower for a fourth straight session on Wednesday, unable to maintain the momentum of a string start as the ongoing political uncertainty in Greece outweighed a series of mostly positive US ...

U.S. Stock Market Summary – May 15, 2012US stocks extended three-month lows on Tuesday, with all three indexes plunging sharply in the final hour of trading as renewed concerns about the Greek debt situation overshadowed positive economic data ...

Facebook Co-Founder Eduardo Saverin Renounces US CitizenshipBloomberg News reported Monday that Facebook co-founder Eduardo Saverin has renounced his US citizenship in a move some analysts see as one designed to lower his tax bill.  Saverin's ...

U.S. Stock Market Summary – May 14, 2012US stocks moved sharply lower Monday, with all three major indexes slipping around 1 percent as continued political strife in Greece over austerity measures brought out the bear in a majority of active ...

Ally Financial Mortgage Arm Declares BankruptcyAlly Financial's mortgage-focused subsidiary Residential Capital LLC filed for bankruptcy protection on Monday, in a move that Treasury officials are hoping will allow Ally to pick up the pace on debt ...

U.S. Stock Market Summary – May 9, 2012US stocks slipped on Wednesday, and the Dow closed lower for a sixth consecutive session, its longest losing streak in months.  All three indexes moved sharply lower right from the opening bell as ...

U.S. Stock Market Summary – May 8, 2012US stocks posted moderate losses on Tuesday as investors were again swayed by the uncertainty over Greece's political stability.  The majority party in Greece failed to form a coalition before the ...

U.S. Stock Market Summary – May 7, 2012US stocks ended Monday's session with mixed results after slipping steeply early in the session on renewed concerns over the European debt crisis before rebounding later in the day.  The Dow finished the ...

Avis Posts Net Loss on Acquisition CostsAvis Budget Group issued its first-quarter results Monday, posting a net loss due to costs associated with acquisitions last year, but its revenue increased as demand for rental cars improved in most of the ...

Fifteen and Thirty Year Mortgages Hit New Record LowsUS mortgage insurer Freddie Mac reported Thursday that mortgage rates reached record low levels again this week, keeping homebuying affordability at all-time high levels.  The average rate ...

US Unemployment Claims Fall By Most in a YearThe US Labor Department reported Thursday that initial claims for unemployment benefits came in lower than expected last week, comforting economists who had feared the labor market's recovery was ...

U.S. Stock Market Summary – May 2, 2012US stocks were little changed on Wednesday as investors absorbed disappointing reports on housing and the manufacturing sector as well as a batch of mostly positive corporate earnings reports.  Payroll ...