Financial

(New York, NY) -- Stocks closed mixed Wednesday following the Fed's announcement it was likely keeping interest rates near zero and cutting its bond-buying program by ten-billion-dollars. The Dow Jones Industrial Average lost 31 points to close at 16-881 but the Nasdaq rose 20...
(Thousand Oaks, CA) -- Biotech giant Amgen plans to reduce its workforce of 20-thousand by up to 15 percent. Officials with the California-based company said earlier this week that their restructuring goal is to keep the company strong by making it more efficient. Most of the...
(Santa Ana, CA) -- A federal judge is planning for an August 2015 trial of the U.S. Justice Department's five-billion-dollar lawsuit against Standard & Poor's credit rating system. It accuses S&P of fraudulently underplaying the risk of various securities, which led to...
(Undated) -- Bank of America is being slapped with over a billion-dollars in penalties. Today a federal judge ordered the bank's Countrywide unit to pay one-point-two billion-dollars in damages after a jury found it guilty of selling defective loans to Fannie Mae and Freddie Mac...
(Washington, DC) -- The Federal Reserve is cutting another ten-billion-dollars off its monthly bond purchases. The central bank made the announcement after wrapping up two days of meetings. The Fed is on pace to end the bond-buying program in October. It also said it would...
(Kansas City, MO) -- President Obama says the U.S. economy continues to rebound nicely after the deep recession. Speaking in Kansas City, Obama highlighted declining unemployment and a robust manufacturing sector. He insisted, "Things are getting better." Before his remarks, the...
(Undated) -- Experts say small cars performed poorly in the latest round of safety crash testing. A total of 12 cars were evaluated by the Insurance Institute For Highway Safety. The testing replicated what happens when the front corner of a car collides with another car or an...
(Undated) -- It'll take more than an extra hour at the gym to work off Red Robin's 35-hundred calorie "Monster" double burger meal. According to the Center for Science in the Public Interest's Xtreme Eating Awards, it would take 12 straight hours of brisk walking to erase the...
(Undated) -- It's more good news for the economy. U.S. Gross Domestic Product expanded at a rate of four percent in the second quarter according to the Commerce Department. The growth was higher than expected, and the faster U.S. GDP growth since 2003. The news could create...