The attorney appointed to clean up what the government says was Texas businessman R. Allen Stanford’s multibillion-dollar Ponzi scheme is managing to anger all involved in the case.
U.S. consumer confidence fell in early August as a growing number of Americans fretted about their finances even though they expected the broader economy to improve.
Production from America’s factories, mines and utilities rose more than expected in July, with the first gain in nine months driven by increased output from auto companies.
J.C. Penney Co. roughly broke even in the second quarter, just topping Wall Street expectations as the department store chain benefits from cost-cutting moves.
Republic Airways won the bankruptcy court auction for Frontier Airlines, buying the Denver-based carrier for almost $108.8 million after rival Southwest’s bid was rejected.
Car shoppers running into shortages of certain vehicles at dealerships will still be able to use the Cash for Clunkers program to reserve the car of their choice, the Obama administration said.
Ford said Thursday it will build more of its popular Focus and Escape models and boost overall production of cars and trucks this year to help dealers restock depleted showrooms.