WASHINGTON (Reuters) - The U.S. economy continued to grow in the final weeks of the fourth quarter but the pace of activity slackened amid subdued holiday spending and a weak housing sector, the Federal Reserve said on Wednesday.
NEW YORK (Reuters) - JPMorgan Chase & Co said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity loans.
WASHINGTON (Reuters) - Delta Air Lines has begun merger talks with Northwest Airlines , the office of House of Representatives Transportation Committee Chairman James Oberstar said on Wednesday.
NEW YORK (Reuters) -Stocks rose in erratic trade on Wednesday, led by financials, as investors looked for bargains in the beaten-down sector after results from JPMorgan Chase & Co , the No. 3 U.S. bank.
NEW YORK (Reuters) - Countrywide Financial Corp said on Wednesday it helped more than 81,000 borrowers stay in their residences and avert possible foreclosures in 2007, by either modifying or otherwise restructuring their home loans.
SAN FRANCISCO (Reuters) - Brocade Communications Systems Inc's former chief was sentenced on Wednesday to 21 months in prison for backdating stock-option grants in a scandal that has ensnared scores of U.S. companies and led to billions of dollars of restatements.
BOSTON (Reuters) - Oracle Corp , the world's third-largest software maker, won a three-month-long campaign to buy BEA Systems Inc by raising its bid for the company by 14 percent to $8.5 billion.
WASHINGTON (Reuters) - Ben Bernanke has tried hard not to follow his predecessor Alan Greenspan into the political arena by commenting on fiscal policy, but the Federal Reserve chief will find it difficult to stay above the fray this week.
WASHINGTON (Reuters) - A legislative package to stimulate the U.S. economy and avert a possible recession could be passed by Congress and signed into law by President George W. Bush within a month, House Majority Leader Steny Hoyer said on Wednesday.
WASHINGTON (Reuters) - Shoppers faced moderate price rises in December but that capped a year in which prices soared at the sharpest rate in 17 years, pressuring households also dealing with a steep housing downturn and tighter credit.
