Efforts to help subprime borrowers have been disjointed and inconsistent, and a new mortgage industry alliance formed this week is trying to remedy that. But some who counsel distressed homeowners say the alliance won't resolve key issues.
BEA Systems has rejected a cash bid for the company from rival business software provider Oracle that appeared to signal the start of a bidding war for the company.
Technology shares jumped Friday on a potential merger in the software industry, while broader gains were limited as investors welcomed strong economic news but questioned how it will impact interest-rate policy.
The Food and Drug Administration's approval of Merck's HIV medicine, Isentress, this afternoon punctuates the oft-overlooked resurgence of the drugmaker's research labs in the midst of top-management turnover, product liability lawsuits and industry-wide scientific malaise.
While all offer reasonable protection from front impacts, there are big differences in side impact protection among six truck-based SUVs, according to the Insurance Institute for Highway Safety.
A week before eBay's earnings announcement, the Internet auction giant rolled out its latest feature designed to bring users back to the old neighborhood. Think of it as eBay meets Facebook.
The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages (ARMs) for many homeowners.
