The Federal Reserve jolted the U.S. asset-backed securities market back to life this year, after a crippling credit crisis threatened to shut it down, but despite a major recovery not many are convinced the market is prepared to stand on its own.
Pop star Michael Jackson's ex-wife Debbie Rowe cast a shadow over the unveiling of plans on Friday for the King of Pop's memorial service next week, as a legal battle shapes up over custody of their kids.
Budding signs of stability in the ailing U.S. automotive sector will kick-start a quicker demand recovery for aluminum, even as the industrial metal's supply base in U.S. warehouses will continue to swell from the industry's severe downturn.
A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
The New York Times leads its
At the midyear mark, even some of the best-performing mutual funds of 2009 are still working on comebacks from dismal losses last year, underscoring lingering uncertainty in markets and in the funds industry.
Robert Neal will take to the road this Independence Day holiday the same as millions of other Americans. But there's a difference in their road-trip ritual this Fourth of July.
Outsourcing of healthcare services is expected to gain momentum as the prolonged slowdown forces U.S.-based government agencies and healthcare firms to cut spiraling costs and deal with a shortage in qualified personnel.
It is a little too early to celebrate new life in the housing market, but Americans should soon have something to party about if the spring housing season is any gauge.
Bankrupt commercial printer Quebecor World Inc said on Thursday that its U.S. and Canadian plans of reorganization have been approved by a U.S. bankruptcy court and the Quebec Superior Court.
Oil traded below $67 a barrel on Friday, adding to a fall of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.
Global investors Carlyle and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubled U.S. insurer looks to divest some of its global assets.
Fireworks planned nationwide on July 4 but recession hits some cities; Patriotism, tax protest to mix at July 4 TEA Parties; Most Post Offices to close early July 3; some FedEx, UPS services available
Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.
Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fell short of more radical U.S. steps.
U.S. marshals seized the luxury $7 million New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.
World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.
For Dutch pension fund ABP, Michael Jackson's death could be good for business.
U.S. businessmen are expected to use a Russia-U.S. business summit on Tuesday to press Moscow to rein in corruption and improve conditions for western companies operating in the country.
With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Ford Motor Co of Canada was the number one selling automaker in the country for the first time in 50 years as it posted a 25 percent jump in sales in June over a year earlier, the company said on Thursday.
As the July 4 weekend approaches, the U.S. Postal service is informing its customers that most post offices will close at 12 noon on Friday, July 3, with no regular service on Saturday.
