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Just a few months ago, the consensus view was that Barack Obama would need to choose a hard-core national-security type as his vice presidential running mate to compensate for his lack of foreign policy experience and that John McCain would need a running mate who was young and sprightly to compensate for his age. ...more
July 1, 2008
Peggy Quince said she'll focus on budget problems, bias, mentally ill prisoners and foster children after receiving the gavel Friday as the first black woman to head Florida's court system. ...more
June 28, 2008
Bank of America said Thursday that it will cut about 7,500 jobs after it closes its acquisition of mortgage lender Countrywide Financial Corp. ...more
June 27, 2008
There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. ...more
June 19, 2008
Fifth Third Bancorp., trying to shore up its capital base amid rising loan losses, said Wednesday it will slash its dividend by nearly two-thirds and try to raise $2 billion with a stock offering and the sale of some noncore businesses. ...more
June 19, 2008
Lehman Bros. Chief Executive Richard Fuld on Monday took the blame for the company's staggering second-quarter loss and said the investment bank was too slow in reacting to the credit crisis. ...more
June 17, 2008
The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now. ...more
June 13, 2008
Bank of America Corp. Chief Executive Kenneth Lewis said Wednesday that there are no plans to call off its $4 billion deal to acquire Countrywide Financial Corp., and that he believes charge-offs and delinquencies in the United States will peak in the third quarter. ...more
June 12, 2008
Lehman Bros. Holdings on Monday confirmed fears on Wall Street that the credit crisis isn't quite over, and it left investors to wonder whether other major investment banks face the same set of risks. ...more
June 10, 2008
TAMPA BAY AREA Crispers Chief Charged An interim chief executive officer of the Crispers restaurant chain has been charged with federal crimes in connection with a scheme to steal from the company. ...more
June 4, 2008
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