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Jamie Dimon, chairman and CEO JPMorgan Chase, told shareholders Tuesday that last year's $6 billion trading loss had been expensive and "extremely embarrassing," but he also asked shareholders not to fixate on the issue.
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Best Buy reports 1Q loss on restructuring costs

Mae Anderson, Associated Press  |  posted May 21st - 8:08am
Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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Futures fall as markets await hints from Fed

Associated Press  |  posted May 21st - 5:54am
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.
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Housing recovery boosts Home Depot 1Q results

Mae Anderson and Michelle Chapman, Associated Press  |  posted May 21st - 4:45am
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
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GM to invest $44.5M in Lansing Cadillac factory

Phillip Lucas, Associated Press  |  posted 25 minutes ago
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
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Lew: IRS actions "unacceptable and inexcusable"

Martin Crutsinger, Associated Press  |  posted 29 minutes ago
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
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Stock indexes flip between gains and losses

Steve Rothwell, Associated Press  |  posted 53 minutes ago
Stock indexes fluctuated in early trading Tuesday as investors tried to predict the Fed's next move.
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Indexes edge higher on Wall Street in early trade

The Associated Press  |  posted May 21st - 7:47am
Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
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German central bank: Economy to improve 'markedly'

David Mchugh, Associated Press  |  posted May 21st - 7:20am
Germany's central bank expects the country's economy to improve "markedly" in the second quarter _ a development that could boost the wider eurozone as it struggles to get out of recession.
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Vodafone annual profits up 1.9 percent

Associated Press  |  posted May 21st - 5:37am
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
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Burberry's profit hit by perfume deal's demise

Associated Press  |  posted May 21st - 4:49am
British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31.
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Average credit card debt, late payments fall in 1Q

Alex Veiga, Associated Press  |  posted May 21st - 4:12am
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
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SBA starting new lending program for veterans

Joyce M. Rosenberg, Associated Press  |  posted May 21st - 3:03am
The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.
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British inflation eases by more than expected

Danica Kirka, Associated Press  |  posted May 21st - 3:03am
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.
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Average credit card debt, late payments fall in 1Q

Alex Veiga, Associated Press  |  posted May 20th - 10:02pm
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.
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Lew taps government retiree pension fund

Martin Crutsinger, Associated Press  |  posted May 20th - 6:52pm
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.
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