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  Current Headlines  |  Most Read  |  Archives 
  New Frugality Worsens Downturn (07 January 01:48)
As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end.
  ISM Report May Offer Clues to Jobs Market (06 January 10:35)
The Institute for Supply Management's nonmanufacturing index, a monthly barometer of the services sector surveying more than 370 companies, is expected to have slipped in December from a rea...
  Prosecutors Seek to Jail Madoff (06 January 10:21)
Prosecutors sought to have Madoff jailed, while SEC officials were grilled on Capitol Hill for having repeatedly overlooked signs of his alleged decadeslong fraud.
  Frugal Families Aggravate Nation's Economic Woes (06 January 09:47)
As layoffs and store closures grip the U.S., families embracing frugality are also a major reason the downturn may not soon end.
  For Middle-Class Pakistanis, Gun Is a Must (06 January 07:07)
Gun registration has jumped among middle-class Pakistanis, reflecting dwindling faith that the country's new civilian government can protect them.
  Probe Leads Richardson to Abandon Cabinet Bid (05 January 10:29)
New Mexico Gov. Bill Richardson withdrew his name from consideration to be Commerce secretary, citing a federal probe into a company that has donated to his political organizations.
  Governor's Fishing Plan Swims Upstream (05 January 09:37)
Georgia's governor is proceeding with a $19 million dollar plan aimed at making the state the most popular fishing destination in the country.
  Obama Eyes $300 Billion Tax Cut (05 January 09:35)
Obama and congressional Democrats are crafting a tax-cut plan to offer about $300 billion in tax cuts to individuals and businesses. The proposals, if enacted, in two years could have more i...
  Housing Push for Hispanics Spawns Wave of Foreclosures (05 January 09:05)
A push by lenders, lawmakers and advocacy groups to increase homeownership among Latinos resulted in a huge increase in nonprime lending. Now, many Hispanics find themselves mired in the nat...
  High-Profile Investors to Buy IndyMac (04 January 12:00)
A team of private investors including affiliates of Christopher Flowers, George Soros and Michael Dell reached a preliminary deal to buy the remains of IndyMac and will contribute $1.3 billi...
  Manufacturing Tumbles Globally (03 January 09:36)
Manufacturing activity around the world fell sharply in December, suggesting that the U.S. recession will extend well into 2009, if not longer, and that unemployment will rise globally.
  Car Dealers Face Struggles (03 January 08:52)
For decades, selling cars paved a path to wealth across America. But the industry has never before faced the forces now slowing sales to a crawl.
  IndyMac Sells for $13.9 Billion (03 January 08:40)
A team of high-profile investors reached a preliminary deal to buy the remains of IndyMac and will contribute $1.3 billion in capital toward a purchase.
  Small House, Big Loan Spells Trouble (03 January 08:28)
A small shack in Arizona with a $103,000 mortgage helps explain how a series of bad decisions can add up.
  Investors Look to '09 As Trading Resumes (02 January 10:37)
U.S. markets reopen for the first trading day in 2009. But after the stock market's third-worst year in more than a century, investors are reluctant to bet on a turnaround.
  Push for 'Natural' Cemetery Hits Dead End (02 January 09:50)
Advocates of natural, or "green," cemeteries where bodies are buried without embalming, coffins or vaults are meeting resistance from the living.
  The Doomsayers Who Got It Right (02 January 09:48)
For years, they were the party poopers: financial prognosticators who warned of trouble. In hindsight, they're the ones who got it right -- at least some of it.
  Israel Discusses Cease-Fire Amid New Attacks (02 January 09:44)
Israel escalated its assault on Gaza, but in meetings with the U.S. it appeared to open the door to a possible cease-fire.
  Russia Firm Cuts Gas to Ukraine (02 January 07:49)
Russia halted supplies of natural gas to Ukraine, a key transit point for the EU, after contract talks broke down.
  Colombia's Leader Uribe Digs In (31 December 10:42)
Álvaro Uribe was only 7 when he told his family he intended to become president of Colombia. Fifty years later, in the eyes of many, he rescued his nation from collapse.
  Pakistan Probe Links Lashkar to Attacks (31 December 10:30)
Pakistan's probe of the Mumbai terror attacks shows substantive links between the 10 gunmen and an Islamic militant group that its spy agency spent years supporting.
  Stock Markets to End A Startling 2008 (31 December 10:29)
The final session of 2008 will cap one of the worst years on record. Trading will end as usual at 4 p.m. EST for stocks but will conclude early, at 2 p.m., for bonds. The Dow Jones Industria...
  Wall Street's Hard Times, in Rhymes (31 December 09:57)
From property-themed haiku to TARP limericks, this year's Wall Street crisis inspired a crop of financial poetry.
  Chemical Giant Mulls Bankruptcy (31 December 09:54)
Chemical company LyondellBasell told lenders it is considering filing for bankruptcy protection amid plunging sales and a cash crunch.
  Colombia's Leader Digs In (31 December 09:05)
Álvaro Uribe was only 7 when he told his family he intended to become president of Colombia. Fifty years later, in the eyes of many, he rescued his nation from collapse.
  GMAC to Get $6 Billion Aid Deal (30 December 10:32)
The federal government upped the ante in its rescue efforts by committing $6 billion to stabilize GMAC, a financing company vital to the future of General Motors.
  More Pain Expected In the Housing Market (30 December 10:20)
The S&P/Case-Shiller home-price index is expected to reflect the continuing toll exacted by the deflating housing bubble. J.P. Morgan estimates that the October year-over-year decline will b...
  Israel Presses Gaza Attacks (30 December 10:19)
Israel declared "all-out war" against Hamas, pummeling the Gaza Strip from air for the third day. But even as the death toll rose, Hamas responded with its strongest rocket barrage since the...
  Green Goal Hits Limit (30 December 10:16)
Dell has reached its goal of becoming "carbon neutral" -- part of its quest to become "the greenest tech company." But Dell's experience shows that reality often falls short of the ideal.
  Pawnshop Clients Now Drive BMWs (30 December 10:05)
The number of first-time pawnshop users is up 10% this year, fueled in part by a surge in a new kind of clientele: middle- and upper-middle-class customers facing ravaged stock portfolios, t...
  The Weekend That Wall Street Died (29 December 10:16)
The financial crisis that began with the collapse of Lehman Brothers marked sharp change by Wall Street bosses from banding together to every man for himself.
  Israel Signals More on the Way (29 December 09:53)
Israeli jets attacked Hamas targets in Gaza for a second day, as the death toll in an aerial assault against the Islamic militant group escalated, along with international calls to halt the ...
  Russian Professor Predicts End of U.S. (29 December 09:47)
A Russian academic who has long predicted that an economic and moral collapse will trigger a civil war and the eventual breakup of the U.S. has recently found an eager audience: Russian stat...
  Scuttled Kuwait Deal Threatens Dow's Plans (29 December 09:23)
Kuwait scuttled a multibillion-dollar joint-venture deal with Dow Chemical, potentially complicating the chemical giant's efforts to complete a huge acquisition.
  Iceland's Fall: The Isle That Rattled the World (27 December 09:20)
Iceland is an extreme casualty of an era in which it was extremely easy to borrow money. The tiny isle became so leveraged that its collapse has rattled the world.
  Madoff 'Feeders' Under Focus (27 December 09:13)
The investigation into Bernard Madoff is starting to turn to the middlemen who attracted billions of investment dollars to his funds.
  Pet Doctors Hope to Flush Out Cash From Stimulus (27 December 06:52)
An Ohio veterinary hospital is hoping that the huge economic stimulus being pondered in Washington will bring money for a sewer line that would improve life for animals in its care.
  Many Markets Abroad Will Remain Closed (26 December 10:51)
Financial markets in the U.S. are scheduled to reopen after the abbreviated trading session Wednesday. But overseas, many markets, along with banks, businesses and government offices, will r...
  German Tenants Pray for Souls of Bankers (26 December 10:39)
In Augsburg, Germany, tenants of the Fuggerei settlement pay little rent. In exchange, they pray for the souls of the founding patriarch and his family.
  Slump Batters Small Business (26 December 10:07)
The downturn is threatening the survival of a major driver of the U.S. economy: small business.
  U.N. Push to Stem Misconduct Flounders (26 December 09:05)
An American-backed drive to curb misconduct at the U.N. is faltering, blighted by bureaucracy and accusations of retaliation against whistle-blowers.
  Retail Sales Plummet (26 December 09:05)
Price-slashing failed to rescue a bleak holiday season for beleaguered retailers, as sales plunged across most categories.
  A Small Bank Juggles Its Roles (24 December 09:33)
Community bankers across the country are making daily decisions that affect how the U.S. will make it through this recession and credit crunch.
  Obama, Two Aides Questioned in Probe (24 December 09:50)
Obama and two top advisers were questioned by prosecutors in the Blagojevich case last week. In a memo, Obama's transition team denied any improper contact with the Illinois governor. (Repor...
  Big Madoff Investor Found Dead (24 December 09:49)
The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead in an apparent suicide in his Manhattan office.
  Getting 'Unfriended' Online Stings (24 December 09:42)
Unfriending online "friends" is emerging as the latest offense in the world of social networking sites such as Facebook and MySpace.
  A Small Bank Juggles Its Roles (24 December 09:30)
Community bankers across the country are making daily decisions that affect how the U.S. will make it through this recession and credit crunch.
  Probe Eyes Audit Files, Role of Aide to Madoff (23 December 10:37)
Investigators are looking at a lieutenant at Madoff's firm and issued a subpoena to the accountant who audited the firm's statements.
  Toyota Sees First Loss in 70 Years (23 December 10:29)
Toyota forecast its first annual operating loss since 1938, a dramatic indicator that the troubles roiling the auto industry extend beyond the U.S. and are taking a toll on even the stronges...
  Derivatives Losses Spread Globally (23 December 09:35)
A vast superstructure of credit derivatives such as synthetic CDOs has spread the risk of lending to U.S. companies around the globe.
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