IBT Staff Reporter

U.S. Treasury Secretary Timothy Geithner heads for a summit of world leaders this week having strengthened his president's hand by rolling out key pieces of a U.S. financial rescue plan.

Mar 31, 2009

U.S. consumer confidence rose slightly in March but remained near record lows as the economy remained weak and job prospects grew increasingly uncertain.

Mar 31, 2009

President Barack Obama headed to Europe on Tuesday with a hefty agenda for tackling the economic crisis and seeking support for his new Afghanistan strategy on a trip that will test his global leadership.

Mar 31, 2009

The Sun-Times Media Group, parent of the Chicago Sun-Times, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two bankrupt newspaper publishers.

Mar 31, 2009

Ford Motor Co introduced an incentive covering payments for up to a year if customers lose their jobs, joining rivals in offering heavy discounts to attract consumers sidelined by a deepening recession.

Mar 31, 2009

Fiat's chief executive has flown to Chrysler LLC's home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler.

Mar 31, 2009

The world economy will shrink at a far faster pace than originally expected this year, sending unemployment soaring and highlighting the need for extra steps to halt the crisis, the OECD said on Tuesday.

Mar 31, 2009

Prices of U.S. single-family homes in January plunged a record 19.0 percent from a year earlier, indicative of a U.S. housing market that is still in the throes of a deep recession, according to a Standard & Poor's/Case-Shiller report on Tuesday.

Mar 31, 2009

Barclays is in exclusive talks to sell its iShares asset management unit to CVC Partners for about 3 billion pounds ($4.3 billion), a person familiar with the situation said on Tuesday.

Mar 31, 2009

China on Tuesday rejected a report suggesting it may be involved in using computer networks to spy on exiled Tibetans and foreign governments, accusing its authors of being possessed by the ghost of the Cold War.

Mar 31, 2009

Microsoft Corp has signed up multiple software partners for its upcoming cellphone software marketplace, including Web music service Pandora, game publisher Electronic Arts Inc and social site Facebook.

Mar 31, 2009

Fortis NV (FOR.BR: Quote, Profile, Research, Stock Buzz) said it has a viable future as an insurance group on Tuesday after plunging to a 28 billion euro ($37 billion) net loss in 2008 on the state takeover of its troubled banking activities.

Mar 31, 2009

The United States is heading for only a tepid recovery next year, and the central bank may need to buy even more assets to combat the growing threat of deflation, the OECD said on Tuesday.

Mar 31, 2009

The dollar will remain the world's dominant reserve currency and a strong U.S. currency is critical to pull the world out of crisis, World Bank President Robert Zoellick said on Tuesday.

Mar 31, 2009

The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply the oxygen of confidence to save the world economy from recession.

Mar 31, 2009

Google Inc is forming a $100 million fund to invest in early-stage start-up firms. The fund will operate as a separate entity and will seek investment opportunities to maximize returns rather than looking for investments that strictly fit with Google's strategic vision.

Mar 31, 2009

The U.S. recession may be easing, but the economy has not hit bottom yet and mounting unemployment looks likely to keep demand sluggish for a while. While the economy still appears on a downward path, the slope is not as steep as many had feared.

Mar 31, 2009

Some frustrated U.S. taxpayers cheered President Barack Obama's tough steps to shore up the reeling auto industry on Monday but critics called his decision to fire General Motors' chief a heavy-handed power grab.

Mar 30, 2009

The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.

Mar 30, 2009

Switzerland's UBS, the world's largest wealth manager, had written down more than $49 billion since mid-2007, and it expects more write downs and job cuts in the first quarter.

Mar 30, 2009

The Walt Disney Co. and Google Inc.'s YouTube are close to a deal that would allow Disney content to be distributed through YouTube, according to a report in The Wall Street Journal.

Mar 30, 2009

Online advertising in the U.S. grew 10.6 percent to $23.4 billion last year, according to a report released by the Interactive Advertising Bureau on Monday.

Mar 30, 2009

Hewlett-Packard on Monday rolled out an updated line of computer servers featuring Intel's new Nehalem Xeon microprocessor, touting their lower power use and higher performance to capitalize on customers' cost-cutting initiatives.

Mar 30, 2009

Canada said on Monday plans set out by the Canadian units of General Motors Corp and Chrysler don't go far enough to make them viable, but it offered C$4 billion ($3.2 billion) in bridge loans to tide the automakers over while they restructure.

Mar 30, 2009

Google China has officially launched its free MP3 search engine after sealing deals with four major music labels -- Warner Brothers, Universal Studios, EMI and Sony-- and over 140 indie labels.

Mar 30, 2009

UK’s Birmingham City University has announced plans to offer a master’s degree on social networking sites like Facebook, Twitter and Bebo.

Mar 30, 2009

Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.

Mar 30, 2009

The U.S. Department of Energy has unveiled a new feature in a form of a map that allows people to study the amount of money for which each state and city in the country are eligible to use under the Energy efficiency and conservation block grant program.

Mar 30, 2009

Western Digital is making its first foray into the Solid State Disk market with its $65 million acquisition of SiliconSystems.

Mar 30, 2009