Repaying the loans given them under the Troubled Asset Relief Program will free them from close regulatory scrutiny. The announcements marked the latest step toward recovery for the U.S. financial system. Full Story »
The bank's announcement Monday comes hours after Citigroup said it would repay $20 billion worth of taxpayer funds. The move will extricate Wells Fargo from the pay restrictions and close oversight that came with the bailout program. Full Story »
Coke and Costco have just resolved their dispute over wholesale prices, but their very public fight highlights the increasing tensions between retailers and suppliers. Supply and demand is out of whack and retailers have the upper hand. Full Story »
Exxon Mobil is betting big on natural gas, announcing Monday it is buying XTO Energy for about $30 billion in stock. XTO is a major player in developing so-called unconventional natural gas resources, including gas trapped in shale rock formations. Full Story »
President Obama met Monday with the nation's biggest bankers, hoping to jawbone them into providing more small-business loans. Previous administration efforts to boost credit have not yet paid off, and cash-starved business owners are growing impatient. Full Story »
President Obama told top bankers Monday to explore "every responsible way" to increase lending, saying they were obliged to help repair the American economy after being saved by the taxpayer-funded bailout. Full Story »
Spending online this holiday season is expected to break records. Although shopping on the Internet has become more convenient, it can still be tough to determine which businesses to trust. A new Web tool from the Better Business Bureau is designed to help. Full Story »
Critics say a maker of hormone treatments overplayed the benefits and minimized risks in a quest to boost sales. For years the drugs were touted as protection against all kinds of age-related health problems, including dementia and heart disease. Subsequent research undermined many of the claims. Full Story »
Over the weekend came word of the death of Paul Samuelson, the first American to win a Nobel Prize for his work in economics and author of one of the most enduring college textbooks on the subject. Full Story »
Google's much-anticipated cellphone will hit the market next year, possibly as soon as January, according to various reports. Full Story »
