IBT Staff Reporter

Federal Reserve Chairman Ben Bernanke said on Saturday the U.S. central bank would use all of its tools to stabilize financial markets and pull the economy out of recession.

ArcelorMittal, the world's largest Steel maker company will suspend operations at Cleveland plant due to declining market for steel.

The Belgian state and France's BNP Paribas have reached a deal Saturday to sell financial group Fortis, the largest bank in Belgium and the Netherlands until the global financial crisis, according to the associated press reports.

The personnel chief of German industrial conglomerate Siemens considers it possible that short-time work at the company could be extended, he told the online edition of newspaper Die Welt.

India's Sterlite Industries will pay $1.7 billion in cash and notes to buy bankrupt U.S. copper miner Asarco LLC, lower than the $2.6 billion it offered last year, the Indian firm said on Saturday.

Switzerland rejects U.S. demands that the country's largest bank UBS should hand over the data of 52,000 U.S. clients, Swiss newspaper Berner Zeitung quoted the Swiss justice minister as saying on Saturday.

More struggles lie ahead for the tattered U.S. travel industry as hotels, casinos, airlines and travel agencies fight the tide of economic recession and flagging travel demand.

German Chancellor Angela Merkel said on Saturday that General Motors must improve the rescue plan for its German unit Opel if it wants government support for the struggling carmaker.

Britain will get a stake of up to 77 percent in Lloyds Banking Group after agreeing a deal to cap the bank's losses at 260 billion pounds ($370 billion) of risky assets.

With no end in sight for U.S. job losses amid a recession that could stretch into 2010, American workers will soon have to contend with another blow to their confidence: stagnant, or even falling wages.

Should U.S. banks be allowed to become too big to fail?

The U.S. government's director for cybersecurity resigned on Friday, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems.

The U.S. government's director for cybersecurity has resigned, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems, The Wall Street Journal reported on Friday.

Denise Blackerby is hitting the road again. When retail gas prices scaled historic peaks above $4 a gallon last year, she found she could no longer make monthly trips from the Dallas area to Houston in her Ford Explorer SUV to visit her family.

Former Qwest Communications International Inc Chief Executive Joseph Nacchio on Friday asked a U.S. court to let him stay free on bail while he appeals his insider trading conviction, just over two weeks before the day he is set to report to prison.

On March 6, oil futures rose to above $45a barrel as dollar weakness and expectations of further output cuts by OPEC offset data showing that U.S. employment soared to the highest rate in more than 25 years.

On March 6, South Africa's Standard Bank, the largest African banking group, announced it will buy a 33% stake of Russian investment bank Troika Dialog.

On March 6, the shares of Marvell Technology rose after the chip maker beat expectations when it issued its in-line results.

Merrill Lynch said on Friday it had discovered an irregularity in its London trading positions and the Financial Times reported that a Merrill trader had been suspended over a suspected $400 million loss.

Dominica is arguably the best all-around adventure vacation island in the Caribbean, with gorgeous reefs, plenty of tropical lush rain forests, hiking, waterfalls, warm water springs, splendid fruits and vegetables and modest hotels, expect daytime temperatures in the 80s and night lows around 68 in winter and 73 in summer, although a few minutes up the mountain and into the cloud forest can chang...

Crotonville, we have a problem.

With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk next week, putting Wall Street on track for another brutal sell-off.

Bernard Madoff, accused mastermind of a $50 billion investment fraud, is expected to plead guilty to criminal charges next week, three months after his arrest shocked his customers worldwide.

The IMF gave itself a scathing review for its mistakes in spotting the roots of the global crisis and acknowledged it fell short in its job as the world's global financial overseer.

Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing to a deal that would cap the bank's losses on about 250 billion pounds ($356 billion) of its risky assets, a person familiar with the matter said on Friday.

A court in Germany fined a man 1,800 euros ($2,300) for inadvertently passing on an SMS text message which told the recipient they had just killed a Turk by opening it, his lawyer said Friday.

ENGlobal announces date for 2008 fiscal year earnings release

Dow Chemical Co and Rohm and Haas Co said they are in talks to try to settle litigation related to Dow's refusal to close its more than $15 billion takeover of Rohm and Hass.

Resetting ties between the United States and Russia will take time, and the relationship needs more trust, predictability, and progress, U.S. Secretary of State Hillary Clinton said on Frida