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Wachovia racks up massive $8.9 billion loss
The banking firm plans to shake up its mortgage unit, slash its dividend payout to shareholders, and cut thousands of jobs.
Fed Auction Aims to Ease Credit Crisis
In a statement on Friday, the Fed announced that it would continue holding the auctions, which began in December, every other week "for as long as necessary to address elevated pressures in short-term funding markets."
Mortgage applications continue to slide
The drop in applications piled on to reports from the country's builders and the government this week suggesting any sustained housing rebound could be next year's business.
Microsoft to change Vista
The point of contention is the computer search function that puts Google Inc. and other potential rivals at a disadvantage, the Justice Department and Microsoft said on Tuesday.
Martha Stewart Company Nets $2.1 Million In 2006
Still, Martha Stewart Omnimedia awarded Ms. Stewart $2.1 million in compensation last year, citing her continuing efforts to turn around the company's fortunes, according to a proxy statement released Monday.
Why Not Use Your 401K To Pay For College
I'm figuring I'll have to tap my 401(k) at work, but am unsure how much I can take out and how best to do it. Any advice? - Rick, Naperville, Illinois
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