Obama sees economic progress, but "not out of woods yet"

WASHINGTON (Reuters) – President Barack Obama gave a spirited defense of his economic strategy on Tuesday and said there were signs of recovery, but “by no means are we out of the woods just yet.”

Goldman sells $5 billion in stock in "duty" to repay TARP

NEW YORK (Reuters) – Goldman Sachs Group Inc sold $5 billion of stock to help fulfill what it called its “duty” to repay a federal bailout, but the government fears a quick return of the funds would put other banks in a bad light.

Castro says Cuba will not beg U.S. to end embargo

HAVANA (Reuters) – Former Cuban leader Fidel Castro complained on Tuesday that the United States had done nothing to end its trade embargo against Cuba and vowed that the communist-led island would not beg for it to be lifted.

Chrysler lenders plan debt offer: report

NEW YORK (Reuters) – Chrysler’s creditors plan to make a counteroffer to the U.S. Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat SpA in exchange for concessions, the Wall Street Journal reported, citing people familiar with the matter.

House Mortgage Lending Rises 4% In February

The number of loans approved for home purchase rose 4% in February, the Council of Mortgage Lenders has announced. The CML said 24,300 house purchase loans were approved, up from 23,400 in January. The value of the loans agreed remained unchanged from

Economic Worries Outweigh Earnings on Wall Street

Two disappointing economic reports on Tuesday morning seemed to outweigh good earnings reports by Goldman Sachs and Johnson & Johnson.

Tech Stocks: Chip stocks get lift ahead of Intel report; other techs weaken

SAN FRANCISCO (MarketWatch) – Semiconductor stocks made strong gains in early trading Tuesday ahead of the industry’s first quarterly earnings report from Intel Corp. Most other tech shares, however, started the day in the red. The Nasdaq Composite