Wall Street finishes erratic day higher Wall Street scored a moderate gain after a volatile session Wednesday that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector.
Oil prices rebound even as crude inventories jump The price of oil bounced back near $115 a barrel on Wednesday, as traders shrugged off a massive increase in U.S. crude inventories and a stronger dollar and focused on possible supply threats.
FDIC sets mortgage plan for IndyMac borrowers Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan from federal regulators, who seized the bank last month after it became the largest regulated thrift to fail.
BJ's posts higher 2Q profit, raises outlook BJ's Wholesale Club Inc. posted a slightly higher second-quarter profit on Wednesday and raised its full-year earnings forecast as frugal shoppers look for deals at discounters.
Lehman under mounting pressure to take action The pressure is increasing on Lehman Brothers Holdings Inc. to come up with a plan to restore itself to financial health - or possibly face the worst-case scenario of selling itself off in pieces and at bargain prices.
First payments in Vioxx deal to begin Aug. 28 Partial payments for people claiming withdrawn painkiller Vioxx caused heart attacks will go out starting Aug. 28 under the $4.85 billion settlement between drugmaker Merck & Co. and plaintiffs' lawyers, the claims administrator said Wednesday.
California home sales surged in July, prices fell Pat Seymour with Neighborhood Realtors places a 'sold' sign on a home in Riverside, Calif., Tuesday Aug. 19, 2008. A research firm says home prices in the San Francisco Bay area plunged 29.3 percent in July to a 53-month low. MDA DataQuick says in its report Tuesday that the median price for new and resale homes and condos stood at $470,000 last month, down from $665,000 in July 2007. (AP Photo/Nick Ut)