By MARCY GORDONAP Business Writer
WASHINGTON (AP) - JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
Under bank policy,
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - Oil prices fell Wednesday after the government reported slower retail sales and a drop in spending at the pump.
If Americans aren't shopping, they don't need to swing by the gas station for a fill-up quit
By NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Greek banking officials say that depositors unnerved by political instability and talk of a potential exit from the euro are continuing to pull out their savings from local lenders, but not at a pace that would destabiliz
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Cheaper gas has yet to cause consumers to spend enough on other goods to boost the slumping economy.
Americans barely increased their spending at retail businesses this spring, leading economists to predi
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - U.S stocks skidded Wednesday, a looming election in Greece and the broader debt maelstrom in Europe their ominous backdrop.
Major market indexes wavered for much of the day but fell sharply after the finance
YOUNGSTOWN, Ohio (AP) - An Amish man who managed investments for members of his religious community in 29 states was sentenced to more than six years in prison Wednesday for defrauding them out of nearly $17 million.
Federal investigators said Monroe L.
By JASON STRAZIUSOAssociated Press
MOGADISHU, Somalia (AP) - Mogadishu is losing a label it never wanted in the first place: The World's Most Dangerous City.
The seaside Somali capital is enjoying a peace that, except for the infrequent attack, has lasted th
By ALAN CLENDENNING and HAROLD HECKLEAssociated Press
MADRID (AP) - Spain faced mounting pressure Wednesday to bolster confidence in its financial system just days after accepting a €100 billion ($125 billion) plan to rescue its banks.
Prime Minister Mariano Raj