Intel, Goldman dent earnings gloom for now
) and Goldman Sachs () are any indication of what's to come, earnings season may not be that bad after all.

It's still early in the earnings season, and estimates for the Standard &a ...[more]

Fugitive ex-Credit Suisse trader arrested
) () trader was arrested in Spain on Wednesday, U.S. law enforcement sources said, two months after he fled facing trial on fraud charges.

Bulgarian national Julian Tzolov, 36, was c ...[more]

Credit card defaults please Wall St, shares up

And with American Express Co forecasting better business in the second half of the year, investors saw their first meaningful glimmer of hope about the credit picture since last fall.

[more]

U.S. industrial output appears on the mend

U.S. industrial output declined at a slower pace in June and a key regional U.S. factory survey posted its strongest reading in a year this month. Another report showed core U.S. consumer pri ...[more]

Doubt stayed Fed hand on more asset buying

Fed officials judged that the country's severe recession was coming to an end, and they bumped up forecasts for economic activity for both this year and next. However, policy-makers also shar ...[more]

China disappointment could stoke U.S. dollar demand

A steep decline in exports and imports in the world's third largest economy could weigh on emerging markets dependent on China and further underpin the U.S. dollar for the rest of the year.[more]

Wal-Mart index to rate products' environmental impact

The information could be used to one day provide consumers a label assessing how "green" or "sustainable" a product is.

"In 2005, Wal-Mart set an aspirational goal to sell products th ...[more]

Paulson says acted appropriately on BofA

While Paulson acknowledged in prepared congressional testimony that he told Lewis the U.S. Federal Reserve could oust the bank's management and board if it walked away from the deal, he said ...[more]

INSTANT VIEW: Fed had doubts about more asset buying

KEY POINTS: * Fed Minutes: effect of further asset purchases on economy, inflation expectations uncertain * Most policy-makers believed downside risks to economy had shrunk but still signific ...[more]

Top economists urge Congress to lay off the Fed

The petition, framed as an "Open Letter to Congress and the Executive Branch," was conceived by eight economists including former Fed Governor Frederic Mishkin.

It has over 180 signat ...[more]

Treasury devising aid for CIT: Rep. Frank

"I've spoken with (Treasury) Secretary Geithner, and I understand they're working hard to try to come up with something responsible to try to prevent the failure," Frank, chairman of the House ...[more]

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