Council leaders are calling for extra powers to allow them to offer competitive mortgages in an attempt to rescue the ailing housing market.

The Federal Trade Commission dropped an investigation of Electronic Arts Inc.'s proposed purchase of Take-Two Interactive Software Inc., a step that may let the video-game manufacturers move forward with merger talks. The FTC closed its probe into whether a...

Some people who sell things on eBay are fed up with rules the company has been imposing in hopes of making the auction site more attractive to online shoppers. More changes are coming in the next few weeks, but this time eBay Inc. hopes it can cool tempers....

Investors are betting that time is running out for Fannie Mae and Freddie Mac. Shares of the mortgage finance companies lost more than a fifth of their value on Wednesday as fears mounted that the companies will soon need government support and any bailout...

Japan's trade surplus shrank sharply in July on higher oil and commodities prices, figures showed Thursday, but robust exports to the rest of Asia, Russia, Australia and the Mideast are helping reduce Japan's dependance on a slowing U.S. market. Developing...

RALEIGH, N.C. (AP _ China is hoping that American college students watching the Summer Olympics will want to travel there, providing a bump similar to what Australia and Greece enjoyed in 2000 and 2004. But even before the 2008 Games, China was already on its...

A fast-growing vine that's left parts of Indiana beneath tangles of greenery is coming under assault as the state ramps up its efforts to kill the leafy invader. Over the next few weeks, contractors hired by the Indiana Department of Natural Resources will...

Intel has made progress in a technology that could lead to the wireless recharging of gadgets and the end of the power-cord spaghetti behind electronic devices.

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(Reuters) - Lehman Brothers Holdings Inc, Goldman Sachs Group Inc and Morgan Stanley may incur further writedowns, mainly on their mortgage assets, said an analyst at Citigroup, who cut his third-quarter outlook for the U.S. investment banks.