Financial

(New York City, NY) -- Criminal hackers are going after customers of JPMorgan Chase and Company in an email "phishing" scam. The scam is being dubbed "Smash and Grab" and it was launched on Tuesday by con artists attempting to collect personal account information through emails...
(New York, NY) -- The Dow Jones Industrial Average is back above the 17-thousand mark and the S&P 500 is at a new record closing high. Stocks made gains after reports showed a jump in existing home sales and a sharp drop in first-time claims for unemployment benefits. The...
(Undated) -- Facebook is offering rewards to people who find bugs in its Oculus Rift virtual reality headset. Under its "bug bounty" program, the social media giant is offering a minimum 500-dollar reward for VR junkies who find glitches in the system. Facebook acquired Oculus...
(Undated) -- The housing market is booming. The National Association of Realtors says existing home sales increased two-point-four-percent in July to an annual rate of five-point-15-million units. That's well above what analysts expected and made July the fourth straight month...
(Washington, DC) -- Bank of America is agreeing to pay more than 16-billion dollars in a settlement over mortgage-backed securities. Attorney General Eric Holder this morning called it a major case of financial fraud. In a Justice Department news conference, Holder said B-of-A...
(Undated) -- First-time claims for unemployment benefits are down sharply. The Labor Department reports this morning that 298-thousand Americans filed initial claims for benefits last week. That's a drop of 14-thousand from the previous week's revised figures. The biggest...
(Undated) -- Close to 35-million Americans will be traveling over the Labor Day holiday weekend. That's the most since 2008, before the recession set in. Triple-A Travel says nearly 30-million of those holiday travelers will drive 50 miles or more for the long weekend. Triple-A...
(Undated) -- Dollar General is questioning the motives of Family Dollar's CEO in selling the discount retail chain. Dollar General says its nine-billion dollar cash offer is better for Family Dollar's shareholders, but that Family Dollar's Howard Levine might benefit more from...
(Detroit, MI) -- The start of the city of Detroit's bankruptcy trial is being delayed by four days and will now begin September 2nd. U.S. Bankruptcy Judge Steen Rhodes pushed the start of the trial back yesterday. The city is working on its sixth version of a debt-cutting plan...