Consumer confidence lowest since 1982

Consumer confidence sank to its lowest level in 26 years, according to a survey published Friday.
The University of Michigan Consumer Confidence survey revealed that […]

BlueCross, union cut new deal

BlueCross Blueshield of Western New York said it has reached terms on a contract with its unionized workforce.
The previous contract expired April […]

Noble founder Elman turns scrap into gold

In an office full of modern Chinese paintings overlooking Hong Kong’s Victoria Harbour, Richard Elman, founder and head of Asia’s largest commodities supplier Noble […]

Bush Says Rebates Will Boost Economy, Help Consumers

President George W. Bush said the tax rebates Americans will start getting next week will boost the economy and help them pay their bills. […]

Flaherty to Tighten Regulation of Canadian Banks

Canada will tighten regulations to force more disclosure by financial institutions and push for a nationwide securities regulator after record writedowns by the country's […]

Bank of England Splits Three Ways in Rate-Cut Vote

Bank of England policy makers had the first three-way split in almost two years as they lowered the main rate this month, with David […]

Take-Two shareholders OK pay package

Shareholders of Take-Two Interactive Software Inc. easily passed a proposal Thursday to grant ZelnickMedia, the company’s management, 1.5 million shares of restricted stock.
Chairman Strauss […]

Bank of England Must `Be Ready

The Bank of England should be ready to act to ease financial-system strains both within the U.K. mortgage market and in a global move […]

U.S. Economy: Housing Starts Slump, Production Gains

The U.S. housing implosion worsened in March, while manufacturing stabilized and a stagnant economy limited the ability of companies to pass higher food and […]

Trichet Says Credit Crisis May Limit Monetary Policy Leeway

European Central Bank President Jean-Claude Trichet said financial market turmoil may leave central banks with less leeway to decide on interest rates.
“We are […]