JACKSON HOLE, Wyoming (Reuters) - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch.
NEW YORK (Reuters) - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.
NEW YORK (Reuters) - Three of Wall Street's top investment banks agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after U.S. regulators reached settlements over the way the firms sold auction-rate securities.
NEW YORK (Reuters) - Oil prices rose nearly 5 percent on Thursday, the biggest percentage gain in more than two months, driven by rising tensions between the United States and energy behemoth Russia.
SAN FRANCISCO (Reuters) - Gap Inc reported a 50 percent jump in quarterly net income on Thursday, beating Wall Street estimates, as cost-cutting, lower inventories and other moves that boosted profit offset declining sales at its family of clothing stores.
Jul. 23 - The movie "Transformers" comes to Tokyo this week, a homecoming of sorts for the toy-robot film that earned over $260 million in three weeks in North America.