WASHINGTON (Reuters) - The House of Representatives passed a massive housing rescue bill on Wednesday while the White House dropped a threat to veto it, paving the way for measures aimed at shoring up the worst U.S. housing market since the Great Depression.

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SAN FRANCISCO (Reuters) - Amazon.com Inc said on Wednesday quarterly profit doubled and sales grew 41 percent, indicating to Wall Street that many cost-conscious shoppers are heading online to save money in a tough economy.

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NEW YORK (Reuters) - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy.

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SEATTLE (Reuters) - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker.

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LOS ANGELES (Reuters) - Tupperware Brands Corp , whose food storage containers are sold at in-home parties, posted slightly higher quarterly net income on Wednesday, boosted by strong sales in all five of its business segments.

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SAN FRANCISCO (Reuters) - The leader of a youth movement that swept the world this past year by encouraging Web users to share bits of their lives with selected friends, spoke on Wednesday of spreading his service across the Web, even while apologizing for past excesses.

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NEW YORK (Reuters) - Stocks rose on Wednesday as financial shares climbed on optimism about a rescue plan for mortgage finance companies Fannie Mae and Freddie Mac and as the price of oil fell.

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NEW YORK (Reuters) - Goldman Sachs has raised $10 billion to create a fund that will invest in loans used to back leveraged buyouts and take advantage of a gap in the markets caused by the credit crisis, according to a Financial Times report on Wednesday.

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NEW YORK (Reuters) - Mobile phone chip and technology supplier Qualcomm Inc on Wednesday posted a profit for its fiscal third quarter and revenue rose amid increasing demand for phones with high-speed Web links.

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NEW YORK (Reuters) - Pulte Homes Inc posted a smaller quarterly loss on Wednesday, but said buyer confidence remained shaky.

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Homeowners, savers and investors shouldn't feel bad if they are confused by the trend of banks collapsing. It's obvious the experts are confused, too. more >>

How you handle money at the beginning of your marriage can have an enormous impact on the rest of your lives together. Or your lives not together. more >>

Real estate prices have taken a tumble in the most favored vacation and retirement home markets, making it tempting for buyers scouting for getaways. more >>

There are easy, genuinely free ways to stay on top of your credit files and use them to save money. Here's what you need to know to do that. more >>

You might not be able to afford an international vacation this summer, but you may want to consider sending some of your money overseas. more >>

Several new products offer to replace interest payments and high reverse mortgage costs with an unknown share of future profits on the sale of a home. What's the catch? more >>

The economy is in a bad place and people are casting about, sometimes desperately, for ways to ease the crunch. more >>

Happily, there are ways to get the best out of summer without swimming into a deeper debt hole. Here are some summer savings tips. more >>

People are worried about job loss, debt, rising prices and not being able to sustain their retirement. Here's how to quiet that whiny voice in your head. more >>

Gas, gold, food, fuel: Up, up, up, and up. Inflation is already showing up in key commodities, and many economists think more is on the way. more >>

The Federal Reserve is planning to crack down on credit card practices it views as consumer abuse. more >>

Western investment banks rushing to the oil-rich Persian Gulf are struggling to compete with local, entrenched players for mandates, and fees are shrinking amid brisk competition.

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The shares of CME, ICE and Nymex have been dragged down in recent months. The reason: Investors fret that ailing banks and hedge funds will cut back on market bets, hurting exchanges' trading revenue.

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Customers of brokerage Opes Prime have sued Australian bank ANZ, a former backer, following securities losses of about $970 million. ANZ has denied the customers' claims and says they should have been aware of the risks.

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Home-sale data are expected to offer reminders that neither the financial sector nor the broader economy can leave intensive care just yet, while the Census Bureau's quarterly measure of housing vacancies may have telling data.

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Bank of America approved spending up to $3.75 billion through next year to repurchase up to 75 million shares. The new buyback authorization is much smaller than a 200 million-share plan it replaces.

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Senate leadership failed to agree on drilling amendments to a bill that would give the U.S. energy futures regulator more power to rein in oil speculation. Democratic and Republican aides say the bill's outlook is grim.

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The Dow industrials gained 29.88 points to end at 11632.38 amid new evidence that the struggling U.S. economy is becoming less energy-hungry. Crude prices fell sharply again, bringing the front-month contract under $125 a barrel.

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Standard & Poor's warned that it may cut New York Times's rating, a move that would leave the media company with a junk rating.

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Sallie Mae's profit fell 72% amid higher, but improving funding costs, which the company has said threatened its ability to remain profitable.

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