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Business News: Most Recommended
Last update: 122 days, 18 hours ago
 
Countrywide Financial admits loan officers made errors
6 May 08, 18:06 ET
AP - Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesday that it has made errors and pledged to take steps to improve its operations.
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Apple's Technical Support Is the Best, Survey Finds
6 May 08, 16:45 ET
NewsFactor - Calling computer tech support is generally not a happy way to spend an afternoon. Except, apparently, when calling Apple.
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D.R. Horton swings to 2Q loss on impairment charges
6 May 08, 16:25 ET
AP - D.R. Horton said Tuesday it swung to a loss in the second quarter, as a sustained housing slump forced the nation's largest homebuilder to take hefty charges and write down the value of property.
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Fannie Mae posts loss, to cut payout
6 May 08, 14:35 ET
Reuters - Fannie Mae on Tuesday posted a massive quarterly loss, its third straight, on the protracted U.S. housing market slump, prompting it to slash its dividend and set plans to raise $6 billion of fresh funds.
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UBS reports 1Q net loss $11 billion
6 May 08, 13:18 ET
AP - Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.
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