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Texas 'billionaire' pleads not guilty

The one-time billionaire arrived for his packed courthouse appearance before Federal Magistrate Frances Stacy in handcuffs and shackles, wearing a short-sleeved, prison-issue orange jump suit.

Mortgage rates mixed in week

The 30-year, fixed-rate mortgage averaged 5.42 percent with an average 0.7 points in the week, Freddie Mac said.

U.S. markets head upward

The gross domestic product fell 5.5 percent in the first quarter, a final figure that was an improvement over last month's 5.7 percent estimate.

L'Oreal discrimination verdict upheld

Attorneys said the company's beauty division, Garnier, had a hiring policy known as blue, white, red -- the colors of the French flag -- meaning employees should be white and French-born, The Times of London reported.

GDP estimate revised to reflect spending

The figure in its original estimate was a 6.1 percent contraction. A month ago, the Commerce Department shaved off some of the gloom, saying the economy shrank 5.7 percent.

Bernanke says Fed acted above board

I believe that the Federal Reserve acted with the highest integrity throughout its discussions with Bank of America, Bernanke told members of the House Committee on Oversight and Government Reform.

U.S. markets slightly higher

Labor's weekly report said initial claims rose by 15,000 to 627,000 in the week ended June 20. In the previous week, claims had declined.

Consumer agency gets mixed reaction

In Congress, Republicans have lined up against the proposal for a Consumer Financial Protection Agency that Rep. Jeb Hensarline, R-Texas said would allow unelected bureaucrats to take away choices for consumers.

China defends export restrictions

The United States and the European Union have complained to the WTO that China's limits on exporting some of its raw materials are unfair.

Delta brings back Red Coats

Armed with communication handsets and charged with solving problems for travelers, Delta plans to hire 600 Red Coat agents to help customers in 14 airports by the end of the summer, USA Today reported Thursday.

Crude oil prices climb Thursday morning

Crude oil prices reached nearly $73 per barrel earlier this month. But, prices have settled as a three-month stock rally appears to have petered out.

Jobless claims jump by 15,000 in week

The 627,000 initial benefits claims contributed to a four-week rolling average to 617,250, which was a slight increase from the previous week's rolling average of 616,750.

Average Canadian pay nudges up in April

The average weekly earnings including overtime was $820.53 in April, although the number of people employed was down 51,400 from March, StatsCan said.

NASA awards Wackenhut security contract

NASA said Wackenhut will provide fire services, security services, emergency management, export control, protective services training, protective services information assurance and information technology security.

Companies to link benefits to profits

The survey found that 25 percent of companies that plan to reinstate the matching funds benefit in the next 12 months will likely vary their contribution to reflect rising and falling profits, USA Today reported Thursday.