- Leon Panetta named as source of ‘Zero Dark Thirty’ scriptwriter’s information
- Mandela service sign language interpreter: ‘He made up his own signs’
- Pope Francis named Time’s ‘Person of the Year’
- Ben Affleck: Fundraising for Democrats started to ‘feel gross’
- Vladimir Putin orders military to boost presence in Arctic
- Brooklyn, N.Y.: ‘Lesbian capital’ of the Northeast
- Elian Gonzalez: It’s America’s fault that my mother died
- India top court rules homosexuality is illegal
- Aaron Hernandez, ex-Patriot, on prison life: ‘I’m way less stressed in jail’
- Man pulled from water believed to be disgraced D.C. cop
Probes into mortgage lending by 3 banks grow
NEW YORK — The New York attorney general’s office has requested information from three major U.S. banks about their mortgage operations, according to a source familiar with the matter.
New York Attorney General Eric T. Schneiderman has asked Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley for information on their mortgage securitization practices, the source said.
Mr. Schneiderman has also requested meetings with the banks over the next couple of weeks.
Rising pump prices add to Wal-Mart uncertainty
NEW YORK — Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.’s campaign to reverse a two-year U.S. sales slump.
Strong overseas revenue, growth at Sam's Club and Wal-Mart’s specialty — cost-cutting — pushed the world’s largest retailer’s net income up 3 percent in the first quarter, beating Wall Street expectations.
But business at home is still soft. Wal-Mart says it is seeing some improvements but needs more time to determine whether hammering its low-price message and restocking items it had scrapped can turn around sales.
Wal-Mart offered a cautious second-quarter earnings outlook because of a new headache. It’s worried its low-income customers will spend less at its stores as gasoline hovers around $4 a gallon. Wal-Mart’s fears have deep repercussions, because it’s a bellwether of consumer spending and accounts for nearly 10 percent of all non-automotive retail dollars spent in the U.S.
LinkedIn boosts IPO price range
NEW YORK — LinkedIn Corp., a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.
By Donald Lambro
Growth spikes are little more than trend-free anomalies
- Teen thugs in DC run wild -- even while wearing GPS ankle bracelets
- New budget accord saves $23 billion -- after $65 billion spending spree
- VEGAS RULES: Harry Reid pushed feds to change ruling for casino's big-money foreigners
- Obama takes 'selfie' at Mandela's funeral service
- CARSON: Why did the founders give us the Second Amendment?
- Obama hits new poll lows for approval 38 percent
- Gov't Motors: Obama fudges math on auto bailout, $10.5 billion loss for taxpayers
- FITTON: A closer look at the Benghazi lie
- LAMBRO: The dark lining to the silver cloud of Obamanomics
- Somber duty: U.S. presidents in hot demand at Mandela's memorial
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White House pets gone wild!
Let it snow