IBT Staff Reporter

China's Geely Automobile Holdings, considered a potential buyer of assets from struggling global auto giants, said foreign acquisitions would allow it to secure technology and new markets but it remains cautious about possible deals.

Following the close call the International Space Station had on Thursday by being hit with space junk, NASA released an audio recording of the communications between the astronauts and ground crews.

China warned the West not to put its fingers into Tibet as the anniversary on Saturday of riots in Lhasa passed with heavy security to prevent any challenge to Beijing's rule.

MGM Mirage , which has warned it could breach its credit agreements this year if the economy doesn't rebound, may break itself up to lure potential buyers as it races to raise the more than $1.5 billion it owes in bond payments and interest this year, the Wall Street Journal reported on Saturday.

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.

OPEC ministers in Vienna this weekend will debate whether the best policy is strict compliance with existing curbs or a new set of output cuts as they balance the issues of bulging oil stocks and a bruised world economy.

U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.

Bank of America Chairman and Chief Executive Officer Ken Lewis said his bank was profitable in the first two months of the year and called possible nationalization of the bank a “nightmare.”

Freddie Mac, the second largest mortgage finance company in the U.S., urged lenders to limit fees for borrowers so they could benefit from President Barack Obama’s housing stimulus plan.test

U.S. officials tried to reassure Chinese premier Wen Jiabao about his country’s investment $2 trillion investment in U.S. Treasuries after he expressed worries in the light of the current financial crisis.

Bernard Madoff and his wife’s net worth is between $823 million and $826 million according to a court filing

A credit score can tell a lender a lot about a prospective borrower, but so can the borrower's looks, a new study says.

Wealthy people who have stashed cash in undeclared accounts in Switzerland and other offshore centers may now seek ways to legitimize their money after Berne and other tax haven governments relaxed bank secrecy laws.

More spending will give only a brief sugar high if G20 nations fail to clean up their banks, the World Bank said on Friday as economic powers struggled to agree a response to the worst downturn in decades.

Citigroup Inc may benefit from a push to install more directors with financial industry experience after a board heavy with Fortune 500 chief executives oversaw a disastrous push into risky debt.

U.S. Energy Secretary Steven Chu said late on Friday that OPEC ministers should take into account the harm high oil prices can do to the global economy when they meet in Vienna this Sunday to discuss whether to carry out another oil production cut.

Investors are dubious that Wall Street's best week since November means the stock market has found a bottom.

It pays to communicate but Corporate America is doing less and less of it with investors as the U.S. economy falls deeper into recession, undermining market confidence in the process, a new study showed.

The U.S. Securities and Exchange Commission said it will meet on April 8 to consider whether to propose short sale price test rules, which could include reinstating the so-called uptick rule.

Congress has begun to draft a bill that will require companies like Google to warn its users beforehand of its ad-tracking activity in a bid to protect users’ privacy rights.

Video streaming Web site Hulu.com is the latest website to catch on the social networking trend online. The site celebrated its one-year anniversary on Thursday by launching a new social networking feature on its site that makes it easier for users to interact with the site and shares videos with their friends.

On March 13, Discover Financial Services announced a $1.2 billion investment from the Treasury Department after the credit card issuer transformed itself into a bank-holding company giving it access to government support.

Lawyers for jailed swindler Bernard Madoff argued for his release pending sentencing and a list of assets put he and his wife's net worth between $823 million and $826 million, according to court papers filed on Friday.

Ford Motor Co has granted Chief Executive Alan Mulally options to buy 5 million shares in the automaker under a long-term incentive plan, it said in a U.S. regulatory filing on Friday.

General Motors Corp is recalling 276,729 passenger vehicles to correct a problem in certain cars that could cause them to roll when parked, the U.S. government said on Friday.

Museums in Philadelphia and New York including the Metropolitan Museum of Art are cutting stores, jobs and salaries as their endowments have been pounded by dwindling donations, government aid and financial markets.

Roche Holding AG finally has a deal to acquire the portion of Genentech Inc it does not already own, but the Swiss pharmaceutical group still has work to do in securing the biotechnology company's top talent.

U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.

U.S. consumer pessimism receded in March, according to a survey released on Friday, while the trade deficit narrowed in January to its smallest in more than six years as imports fell amid collapsing domestic demand.