CHICAGO (Reuters) - The mood among consumers hit the skids in November as gasoline prices soared and the housing market downturn threatened to ensnare more Americans, a report showed on Wednesday.
NEW YORK (Reuters) - U.S. stocks fell on Wednesday on signs that trouble in the housing market could worsen and further harm the economy, unnerving investors as they headed into the Thanksgiving holiday.
LOS ANGELES (Reuters) - Gap Inc posted a 26 percent rise in quarterly earnings on Wednesday, beating analysts' estimates by a penny, but a raised forecast for the full year failed to match some Wall Street targets and its shares fell nearly 5 percent.
NEW YORK (Reuters) - A law firm said it had filed a suit against Freddie Mac on Wednesday alleging the No. 2 home funding company did not take adequate steps to protect itself from problems in the mortgage industry.
NEW YORK (Reuters) - Oil fell on Wednesday after hitting an all-time high above $99 a barrel as a stockpiles rose at a key U.S. storage hub and concerns mounted over the health of the world's top economy.
PHILADELPHIA (Reuters) - Finance company GMAC said on Wednesday it was exploring the sale of parts of its troubled mortgage-lending arm, Residential Capital LLC (ResCap), and the purchase of an international lending institution.
NEW YORK (Reuters) - Wall Street bonuses, on average, will be little changed this year, but not since 1998 will the gap between the haves and have-lots be so great.
NEW YORK (Reuters) - Distressed UK mortgage lender Northern Rock is an acquisition target of U.S. finance company GMAC, sources told Reuters on Wednesday.
BOSTON (Reuters) - America's three biggest banks have asked BlackRock Inc. to act as the lead asset manager for a $75 billion fund they are creating to support the asset-backed securities market, a source said on Wednesday.
WASHINGTON (Reuters) - Qualcomm Inc won a round in its patent battles with wireless phone maker Nokia on Wednesday as a U.S. trade court tossed out a lawsuit asking for Qualcomm's chips to be barred from the United States.
