The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group.
Stocks are finishing the day mostly lower on Wall Street after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought.
As China ratchets up military tensions with almost all of its neighbors in the Western Pacific, the United States is hosting its largest multinational maritime exercise and has excluded China from joining the maneuvers near Hawaii called Rim of the Pacific.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
Nine of the largest U.S. banks have submitted plans to the federal regulators that show how they would break up and sell off their assets if they are in danger of failing.
For all the scary headlines - a bailout of Spanish banks, JPMorgan's huge trading loss, the sputtering job market, Facebook's failed initial public offering - it's a wonder stocks aren't down more this year.
When the stock market began tumbling Thursday, many people assumed the selloff had something to do with the Supreme Court ruling to uphold President Obama's health care law. But for a lot of investors, it was the same old concerns about Europe, along with a few new worries.
JPMorgan Chase & Co. stock declined more than 2 percent Thursday, making it one of the worst-performing banks, after a published report said its losses on a bad trade could be far higher than the bank first estimated.
The Vatican bank, one of the most secretive institutions in the secrecy-obsessed Vatican, opened itself up to a little external scrutiny Thursday in a bid to show it is serious about fighting money-laundering and being more financially transparent.
