NEW YORK — Morgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money ...
AP | JANE WARDELL | Posted 11.13.2008 | Business
LONDON — The British government injected an unprecedented 37 billion pounds ($63 billion) into some of the country's leading banks Monday to avo...
New York Times | Floyd Norris | Posted 11.13.2008 | Business
At the end of a weekend when nearly all of the world's major bankers and finance ministers gathered in Washington to stanch the global credit crisis, ...
AP | JEREMIAH MARQUEZ | Posted 11.13.2008 | Business
HONG KONG — Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and th...
CNBC | Jeff Cox | Posted 11.10.2008 | Business
Stronger volume in stock trading Friday could raise hopes that the eight-day blowout on Wall Street is pushing toward a capitulation bottom. Over the...
Clusterstock | John Carney | Posted 11.10.2008 | Business
So the final results from the Lehman Brothers CDS auction are in, and they're even uglier than expected. Finally price is 8.625 cents on the dollar. ...
Huffington Post | Dave Burdick | Posted 11.10.2008 | Business
Here are brief excerpts from financial experts around the world weighing in on today's stomach-turning economic action. Click the expert's name to rea...
Fortune | Colin Barr | Posted 11.10.2008 | Business
NEW YORK (Fortune) -- Leverage, the menace that helped bring down some of the biggest names on Wall Street, is now threatening the health of big banks...
Fortune | Barney Gimbel and Peter Gumbel | Posted 11.10.2008 | Business
LONDON (Fortune) -- Barclays PLC will cut about 3,000 jobs in the aftermath of its purchase of bankrupt Lehman Brothers' North American investment ban...
AP | TIM PARADIS | Posted 11.10.2008 | Business
NEW YORK — Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 po...
AP | PAN PYLAS | Posted 11.10.2008 | Business
LONDON — Europe's stock markets plunged Friday after Wall Street opened a breathtaking 7 percent lower _ below the 8,000 level _ but they soon r...
AP | JANE WARDELL | Posted 11.09.2008 | Business
REYKJAVIK, Iceland — Iceland suspended trading on its stock exchange for two days and took control of the country's largest bank _ the third to ...
Wall Street Journal | David Wessel | Posted 11.08.2008 | Business
So will coordinated rate cut do the trick? Probably not, but it's a big help. The world's major central banks, laboring to avoid the mistakes that th...
New York Times | Landon Thomas, Jr. and Carter Dougherty | Posted 11.08.2008 | Business
At a news conference, Prime Minister Gordon Brown insisted that the crisis had begun in the United States. "This problem started in America with irres...
AP | PAN PYLAS | Posted 11.07.2008 | Business
LONDON — World stock markets on Tuesday recovered some of their hefty losses from the previous day, helped by a steady opening on Wall Street af...
Hermene Hartman | Posted 10.31.2008 | Politics
At a time of crisis, intelligent rule and leadership are crucial for the masses and the world's economy. I am praying that level heads prevail, to save our country and our economy.
Bloomberg | Alex Nicholson and William Mauldin | Posted 10.18.2008 | Business
Sept. 17 (Bloomberg) -- Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the bigges...
AP | STEVENSON JACOBS | Posted 09.15.2008 | Business
NEW YORK — Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predict...
Grist | Amanda Griscom Little | Posted 10.16.2008 | Green
Jeffrey Sachs -- the renowned economist who devised a grand plan in 2005 to rid the world of poverty -- is now focused on an even broader ambition: sa...
FT.com | David Pilling and Jonathan Soble | Posted 03.28.2008 | Business
The world economy remains vulnerable to downside risks stemming from tighter credit, a deterioration of the US housing market, higher oil prices and r...
AP | ANDREW TAYLOR | Posted 03.28.2008 | Business
WASHINGTON — House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworke...
AP | TOBY ANDERSON | Posted 03.28.2008 | Business
LONDON — European shares dropped sharply Wednesday while Asian shares rose in a volatile market mix as investors digested the U.S. Federal Reser...
AP | JOE BEL BRUNO and STEPHEN BERNARD | Posted 11.13.2008 | Business