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.

Modern Warfare 3 is set to launch in November. In the meantime, Activision has revealed a whole lot about the latest game in the Call of Duty franchise.

If Friday's dire jobs report doesn't prompt the president to unveil a daring new jobs plan next week, what will?

AP - Employers added no jobs in August — an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.

AP - The government on Friday sued 17 financial firms, including the largest U.S. banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing market collapsed.

AP - A large storm system churning in the Gulf Of Mexico grew Friday into Tropical Storm Lee, beginning a Labor Day weekend-long assault that could bring up to 20 inches of rain in some spots from Louisiana to the Florida Panhandle.