A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.
Wholesale businesses increased their stockpiles sharply in December although the gains are expected to slow in coming months, a development that could curb overall economic growth.
The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.
Two key leaders in Ford's remarkable turnaround are retiring.
EDITORS:
The House on Thursday joined the Senate in voting to explicitly prohibit members of Congress and other top officials from making investments on insider information. But an effort to bridle purveyors of Capitol Hill political intelligence could delay the bill's enactment.
The stock market finally got a deal in Greece, but it didn't produce much of a rally.
Markets were shored up by the news that Greece's party leaders agreed a deal on new cuts that are necessary for the country to get crucial bailout funds.
Greece gave in to more painful spending and job cuts Thursday, only to have European ministers question whether they were enough to deliver a euro130 billion bailout and stave off bankruptcy.