Foreclosures in California soared in the second quarter to the highest level in at least 20 years. The AP's Mark Hamrick reports on that and the rest of Tuesday's top business headlines. (July 22)

Treasury Secretary Henry Paulson said Tuesday that Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac to make sure they maintain their critically important role in housing finance. (July 22)

Wachovia reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. (July 22)

A new study shows that the cholesterol drug Vytorin doesn't lower the risk of major heart valve problems and need for related surgical procedures. The AP's Mark Hamrick reports on that and Monday's other toheadlines. (July 21)

Easy oil is gone, gasoline and oil prices have hit unimaginable heights and energy prices are a leading contributor to slowing global growth, so Big Oil must be devoting more and more money to exploration, right? Not so. (July 21)

Yahoo has reached a settlement with activist investor Carl Icahn that will put him and two of his nominees on an expanded board of directors. (July 21)