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Housing and Urban Development Secretary Shaun Donovan promised that when 49 states squeezed $25 billion out of the nation's five largest banks in February, the money would be used to "provide immediate relief to homeowners." Now comes the rest of the story.
A report released Thursday by Enterprise Community Partners, a housing nonprofit, examined the share of the settlement that was granted to the states—some $2.5 billon. The ...
DuPont posted a 98% drop in third-quarter earnings on larger one-time charges. The diversified U.S. manufacturer also lowered its full-year outlook and said it will cut about 1,500 jobs in the next 12-18 months.
Nokia aims to take advantage of favorable lending conditions and launch a bond offering to raise $979.6 million, as the beleaguered handset maker scrambles to shore up its liquidity reserves.
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