Taxpayer Burden Eases to $8.2 Trillion as Obama Supplants Fed

Congress and the Obama administration are taking a bigger role in the rescue of the economy from the Federal Reserve, shifting the strategy to […]

Monsanto, law firms, sued for shortchanging Medicare

WASHINGTON — Monsanto Co., Pfizer Inc. and Solutia Inc. failed to reimburse Medicare for health services provided to individuals who won a $300 million […]

Greenspan Sees Jobs Rebound as Stretched Companies Boost Output

Former Federal Reserve Chairman Alan Greenspan said today he expects a quick rebound in jobs because companies are stretched to expand production after workforce […]

Geithner Sees ‘Progress’ in Job Market, Unemployment Declining

Treasury Secretary Timothy Geithner predicted the U.S. unemployment rate probably will be lower than 10 percent in a year and said the economic recovery […]

British Airways touts Phoenix-Europe fare sale

British Airways announced a $578 roundtrip fare sale this weekend from Phoenix to six European cities: Amsterdam, Paris, Milan, Rome, Vienna and Athens.
Trips must be […]

Citi rejects Terra Firma’s latest bid to save EMI: report

Citigroup Inc recently rejected a proposal from Guy Hands’ private equity firm Terra Firma Capital Partners to restructure the debt of music group EMI […]

China’s record debt has economists worried

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with […]

Barclays, HSBC signal bad debts may have peaked

Britain’s top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for […]

Holiday shoppers to spend $22.27 less

Nearly two-thirds of holiday shoppers say the economy will affect their buying this year, with the average amount being spent dropping by about $22, […]

Stocks churn as dollar seesaws

Stocks seesawed Wednesday, with blue chips weaker and techs a bit higher as a two-day advance petered out amid a mixed dollar, lower oil […]