Bush urges against trade barriers

President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration’s push […]

Heated debate over auto bailout

The case for a bailout of U.S. automakers came under sharp scrutiny on Tuesday at a congressional hearing that portrayed the Big Three as […]

Nokia lowers mobile sales outlook

Nokia Corp., the world’s largest cell phone maker, on Friday downgraded its outlook for industrywide mobile device volumes for the fourth quarter, citing pressure […]

GM closes under $3 - first time since ‘46

Shares of General Motors plunged another 13% on Tuesday to a 65-year low, closing below the $3 mark for the first time since 1946.
The […]

Stocks rally despite bad news

Stocks rallied Friday, with investors using Wall Street’s record-breaking slide over the last two sessions as a reason to scoop up battered shares, despite […]

NBER's Hall Sees `Conclusive' Evidence of Recession

The head of the panel that officially dates U.S. economic cycles said there's no doubt now that a recession is under way following a […]

Zero Rate World May Lie Ahead as King, Trichet Cut

The age of free money may be at hand.
As major central banks slash interest rates with unexpected speed, benchmark borrowing costs are now […]

Obama victory met with calls for global action

U.S. President-elect Barack Obama stepped into his new role on Wednesday facing calls for urgent action to stem the global financial crisis as he […]

Clark Prepared to Borrow to Protect New Zealand Jobs, Economy

New Zealand Prime Minister Helen Clark, trailing in opinion polls four days before a general election, will borrow if necessary to protect jobs and […]

Bank of Japan Cuts Rate to 0.3% to Fend Off Prolonged Recession

The Bank of Japan cut its benchmark interest rate to 0.3 percent</a> to help stave off a prolonged recession.
Governor Masaaki Shirakawa cast the […]