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Obama pushes credit card crackdown
8:53am: In weekly radio address, the President again urged Congress to pass legislation that would target excessive fees and rates for credit cards.  More
Buffett's Berkshire squeezed by losses
May 8: The conglomerate posts much lower sales and a net loss on continued hits to its derivative-related insurance contracts. More
More muscle in fraud fight
May 8: Congress has sent the White House legislation to allocate $532 million over the next 2 years to hire more investigators and prosecutors to fight financial fraud. More
AT&T to buy Alltel Wireless assets
May 8: The $2.4 billion deals gives AT&T new coverage in rural areas in 18 states.  More
Westsound Bank fails -- 33rd of the year
May 8: The failure is expected to cost the FDIC deposit insurance fund an estimated $108 million. More
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