Government And Institutions

Mortgage giant Fannie Mae says it had net income of $1.9 billion for the first quarter.

The bulk collection of Americans' phone records by the government exceeds what Congress has allowed, a federal appeals court said Thursday as it asked Congress to step in and decide how best to balance national security and privacy interests.

Missouri's aging Capitol, public colleges and universities and other state-owned buildings could get roughly $300 million worth of repairs and renovations from bonding under a plan passed by the Legislature on Thursday.

Lumber Liquidators is suspending the sale of all laminate flooring made in China a week after disclosing that the Justice Department is seeking criminal charges against the specialty retailer in an investigation over imported products.

Hawaii lawmakers have put the state at the front of a national discussion over the future of ethanol in gasoline by passing a bill that puts an end to a requirement that the corn-based additive be mixed into fuel sold in the state.

An oil train that burst into flames after derailing in North Dakota was extinguished early Thursday, and nearby residents who were evacuated from their homes were allowed to return.

All times are Eastern.

Slightly more Americans applied for unemployment benefits last week, but the modest increase pulled the total number of people collecting jobless aid to near 15-year lows.

Federal Reserve Chair Janet Yellen said Wednesday that the Fed and other banking regulators have made significant progress in correcting flaws in the financial system that triggered the worst banking crisis in seven decades.

U.S. stocks fell broadly in early trading Wednesday after the release of weak U.S. economic reports.

Asian stock markets were in the red on Wednesday, dented by weak earnings in Australia and doubts about Greece's ability to repay debts due to the IMF this month.

Mayor Bill de Blasio is poised to announce that New York City will waive an annual $30 million payment it is owed from the city's public housing authority, and the move is shedding light on the precarious future of the aging development that is home to more people than the city of New Orleans.

The tax credits the state is using to attract businesses to Camden could end up costing more than they bring in even if the companies fulfill their minimum obligations, an advocacy group warned.

The Commerce Department reports on the U.S. trade deficit in March at 8:30 a.m. Eastern Tuesday.

U.S. stocks drifted lower in early trading Tuesday following two days of gains that brought the market close to a record high.

The Senate marched ahead Tuesday on a compromise Republican budget that calls for future cuts in spending while immediately boosting Pentagon accounts by an additional $38 billion.

Chinese companies are shielding themselves from lawsuits in America, denying U.S. businesses and investors their day in court, a report from a federal watchdog says.

For the second time this year, criminal charges against a top New York lawmaker have thrown one of America's most powerful state capitals into turmoil.

Mortgage giant Freddie Mac reported net income of $524 million for the first quarter, down sharply from the same period of 2014, as it sustained losses on the investments it uses to hedge against swings in interest rates.

HSBC, Europe's biggest bank, says pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs.