Good News | featured news

A group of financial wizards looked into their crystal ball Tuesday and saw some good news.

The bank holding company wants to return funds to taxpayers, but it will not do so before the stress test.

Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.

Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, providing some good news for the recession hit-economy.

Investors respond positively to plan to remove up to $1 trillion in bad assets from banks' books.

General Electric Co expects GE Capital to be profitable this year, though if the U.S. economy deteriorates more than the Federal Reserve currently estimates, the finance unit could post break-even results, company executives said on Thursday.

Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession.

Investors were buoyed by comments on the US economy from the Federal Reserve chairman Ben Bernanke and sent stocks mostly higher Monday.

Dow, Nasdaq and S&P squeak out gains to end the week on a high note.

One of President Obama's top economic advisors said today that there were already signs that the $787-billion stimulus plan was helping the economy but that it was far too early to reach broad conclusions about how successful it would be.