Pressure Grows on Loan Modifications

The Obama administration plans on Monday to step up pressure on mortgage companies to rework troubled loans in the latest sign that the administration's $75 billion foreclosure prevention plan isn't working.

Black Friday Spending Rose Slightly

Shoppers spent only slightly more money in stores this Black Friday than they did last year, according to preliminary data.

Nook's Store Debut Delayed

Barnes & Noble said it won't have any of its Nook electronic-book reading devices in stores until Dec. 7, so that it can meet shipments of pre-orders.

A 'Barbarian' Is Back, on Smaller Stage

Peter Cohen, the 63-year-old former Shearson chief made famous in "Barbarians at the Gate," is now running Cowen Group, one of the many small firms trying to muscle their way up the Wall Street ladder.

Bernanke Warns on Fed Oversight

Bernanke counterpunched against congressional critics, warning in a Washington Post opinion column that Capitol Hill efforts to audit the central bank and curtail its regulatory powers could be dangerous for the economy.

China to Continue Stimulus

China's top leadership said it would keep policies to support growth in place through 2010, despite concerns about the effects of more powerful stimulus on the world's fastest-growing major economy

EU Leaders Don't Expect Yuan Rise

A delegation from the EU told Chinese leaders that a gradual and orderly appreciation of China's yuan is good for its economy, but they don't expect a policy change in the near-term.

GM's Saab Draws Fresh Interest

General Motors' Saab has received serious expressions of interest from potential buyers since Tuesday's collapse of a deal to sell the brand to another firm.

India to Study Dubai Impact

The Reserve Bank of India will study the impact of the Dubai debt crisis on the country and will ask lenders to report exposure to Dubai World, top officials of the central bank said.

EU Names Antitrust Chief

Barroso proposed Joaquín Almunia to be the EU's new antitrust chief and center-right Belgian Karel De Gucht to be trade commissioner.

Insurers Nearing Regulatory Victory

State insurance regulators are moving closer to adopting a proposal that would add at least $11 billion in capital for insurers.

DynCorp Fires Executive Counsel

DynCorp fired a top lawyer in the wake of disclosing that some of its subcontractors may have broken U.S. law.