January trade deficit jumps to $46.3 billion: A surge in oil prices and rising demand for foreign cars and machinery helped push imports up at the fastest pace in 18 years in January. The January deficit increased 15.1 percent to $46.3 billion, the Commerce Department said Thursday.
Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000: First-time claims for jobless benefits rose last week from an almost three-year low, highlighting the uneven nature of the improvement in the U.S. labor market.
Bank of America Admits Almost Half of its Mortgages Are Bad: Bank of America Corp. (BAC), the biggest U.S. lender by assets, is segregating almost half its 13.9 million mortgages into a “bad” bank comprised of its riskiest and worst-performing “legacy” loans
Debit cards: $50 spending limit coming?: Declined! JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal.
State Budget Battles Converge on Prison Labor Force: Prison isn't just about doing hard time. For many, it's about working full-time, too. These days, state governments seem ready to squeeze their captive workforces to plug budget gaps on the cheap.
Illinois abolishes death penalty: Governor of 16th US state to get rid of capital punishment says it was hardest decision he has made
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