AP - Wall Street companies scaled back their borrowing from the Federal Reserve's emergency lending program over the past week, while commercial banks stepped it up.

Reuters - General Motors Corp's assurance on Thursday that it has sufficient liquidity did not prevent credit investors pricing in a 75 percent chance that the largest U.S. automaker would default on its debt in the next five years.

AP - Stocks plunged Thursday as Wall Street contended with a barrage of bad news: another surge in oil prices and warnings of trouble in the key financial, automotive and high-tech industries. The major indexes showed losses of about 2 percent, including the Dow Jones industrial average, which shed more than 300 points and dropped to its lowest level in nearly two years.

Reuters - The pace of existing home sales rose in May to a 4.99 million-unit annual rate, the National Association of Realtors said in a report on Thursday that slightly beat analyst expectations.

Reuters - Sales of previously owned U.S. homes rose in May and the glut of homes for sale shrank, but prices were off sharply from a year ago, suggesting the housing sector remains a big weight on the economy.

AFP - Oil prices slid Wednesday after official data revealed an unexpected rise in crude stockpiles in the United States, the world's biggest energy consumer, traders said.

AP - Wall Street ended an erratic day with a modest gain after the Federal Reserve left interest rates unchanged and issued a mixed assessment of the economy.

Reuters - Stocks rose on Wednesday, as the price of oil declined, while the Federal Reserve held its key interest rate steady and reduced expectations for a rate hike at its next meeting.

Reuters - U.S. durable goods orders held steady last month, but sales of new single-family homes fell, government data showed on Wednesday, highlighting a weak economy as the Federal Reserve kept interest rates unchanged.