Penn State reports that its seven-year capital campaign has reached 72 percent of its target. But the remaining 28 percent could present a challenge if donors don't rally around Penn State.
U.S. economy posts 2.5 percent increase for third quarter, up from 1.3 percent in second. Biggest challenge for U.S. economy: jobs.
Deflation: If forecasts are correct, several factors could present a dangerous combination the Fed might not allow to brew for very long.
Bank of America's woes are so large that it could take a page from the asbestos settlements trusts of more than a decade ago. Bank of America faces a raft of lawsuits claiming it knowingly sold them securities backed by shoddy home loans.
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
Government lawsuit claims 17 banks, including Bank of America, Citigroup, and JP Morgan, misrepresented the value of $196 billion worth of mortgage-backed securities when it sold them to Fannie Mae and Freddie Mac.
Once considered a small manageable problem, Europe's debt crisis has grown into a major international crisis. Europe will have to resolve the Greek problem that sparked the crisis.
Burt Reynolds hasn't paid the mortgage on his five-bedroom mansion for a year. Burt Reynolds owes $1.2 million, say creditors in a lawsuit.
Record-low interest rates on mortgages are one outcome of debt-ceiling deal. But they are just one piece of recovery for the housing market, which is beset by falling prices and high jobless rates.