AP – Civil rights leaders are urging organizations to cancel their conventions in Arizona. Baseball’s Arizona Diamondbacks are encountering protesters on the road. And the AriZona iced tea company wants everyone to know that its drinks are made in New York.
AP – Battered by a tidal wave of loan defaults, mortgage finance company Fannie Mae is tightening standards for the adjustable-rate and interest-only loans that fed the housing boom and contributed to the bust.
AP – The numbers would be excellent in normal times, but for a country recovering from deep recession, they’re not enough.
AP – Two Air Force planes will spray chemicals to help break up the Gulf Coast oil spill, Pentagon officials said Friday as they considered what more the military could do to assist.
AP – Shares of Goldman Sachs Group Inc. plunged 9 percent Friday after word that the Justice Department had opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged.
AP – Consumers spent more and helped lift the economy last quarter but not enough to ignite the recovery and drive down unemployment.
AP – President Barack Obama on Friday directed that no new offshore oil drilling leases be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast with major environmental damage.
AP – President Barack Obama on Friday directed that no new offshore oil drilling leases be issued unless rigs have new safeguards to prevent a repeat of the explosion that unleashed the massive spill threatening the Gulf Coast with major environmental damage.
AP – President Barack Obama is reassuring Gulf Coast communities that federal government is “fully prepared” to meet its responsibilities to them as a massive oil spill becomes a worsening environmental disaster.
AP – Stocks fell Friday after the government said the economy grew at a slightly slower pace in the first quarter than was expected. A drop in consumer sentiment contributed to the selling.