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Home Prices Plunge, but Pace of the Decline Slows
A closely watched index shows home prices tumbled by a record 16.3 percent in July, but also found that the rate of decline is slowing.
Senate Passes Bailout Plan; House May Vote by Friday
The Senate strongly endorsed the $700 billion bailout plan, leaving backers hopeful that the easy approval, coupled with an array of popular additions, would lead to quick passage in the House.
Signaling Confidence in Support, House to Vote on Rescue Proposal
House Democrats said late Thursday night that they would bring the $700 billion economic bailout package to the floor for a vote on Friday.
Bailout Plan Wins Approval; Democrats Vow Tighter Rules
Even as President Bush signed the $700 billion economic bailout into law, lawmakers said it was only a first step and pledged to make a sweeping overhaul of financial regulation.
Citigroup Says Judge?s Order Suspends Wachovia Deal
Citigroup, which has accused Wells Fargo of wrecking its plan to acquire Wachovia?s banking operations, fired the first shot in what could be a prolonged legal battle.
Full of Doubts, U.S. Shoppers Cut Spending
American consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse before it gets better.
Treasury Sets Timetable to Pick Managers
The Treasury Department asked companies to submit bids for running the system by Wednesday and announced its plan to select winners on Friday.
Facing a Financial Crisis, European Nations Put Self-Interest First
As the financial storm spread, some of the 27 nations that make up the European Union have broken ranks to protect their own citizens and banks.
A.I.G. to Get Additional $37.8 Billion
The aid comes in addition to the $85 billion line of credit the Fed gave the insurer last month.
Check Point: 2 Endorsements of Nuclear Power, but Sharp Differences on Details
Both John McCain and Barack Obama endorse nuclear energy, although to differing degrees, as part of their strategy to wean the United States from its dependence on foreign oil.
Rich Nations Pushing for Coordination in Rescue
The United States and six other nations agreed to a plan to rescue the financial industry, but fell short of offering concrete steps to backstop bank lending.
EU chiefs confront markets crisis
The 15 'eurozone' leaders are to meet in Paris to try to establish a common approach to the global financial crisis.
No New Economic Proposal Expected From McCain
Signs of internal confusion came as the campaign was under pressure from state party leaders to sharpen its economic message.
Drug Industry, Having Long Smiled on G.O.P., Now Splits Donations Equally
Lobbyists and executives say the swing reflects the fact that drug companies? fortunes depend more than ever on Democrats in power.
Drama Behind a $250 Billion Banking Deal
The Treasury secretary gave little choice to nine major banks but to accept selling shares to the government.
State of the Art: A Look at Google?s First Phone
A rival to the iPhone is about to debut, with software by Google, body by HTC and network by T-Mobile.
Dow Gains 401 Points in Day of Wild Swings
Stocks gained 400 points in the final minutes on Thursday, despite a rash of weak reports on the health of the economy.
Energy bills often 'inaccurate'
New consumer watchdog Consumer Focus warns customers they could be paying higher prices for gas and electricity they used before the price rises kicked in.
Leaders Move Toward Meetings on Economic Crisis
President Bush and European leaders agreed to take steps toward a series of international meetings to address the economic crisis, the White House said.
Deficit Rises, and the Consensus Is to Let It Grow
Lawmakers have elected to pay for the bailout mainly by borrowing rather than cutting spending or raising taxes.
U.S. Is Said to Be Urging New Mergers in Banking
The Treasury Department hopes to steer some of its $250 billion rescue package to banks willing to buy rivals.
Asian Stocks Drop in Early Trading
Asian stock markets started Wednesday in the red, ending three days of broad gains in the region, a reflection that the recovery in sentiment remains fragile.
Dow Drops 5.7% Despite Signs of Thawing Credit
Worries about the corporate sector sent stocks on Wall Street sharply lower again, with the Dow tumbling by more than 500 points.
The Energy Challenge: Nuclear Power May Be in Early Stages of a Revival
Concerns about global warming and dwindling supplies of fossil fuels have rekindled interest in building nuclear power reactors.
Dollar and Yen Soar as Other Currencies Fall and Stocks Slip
The flow of cash out of the currencies of countries like Brazil, South Korea and even Britain has prompted talk of a rare intervention.
Lou Dorfsman, Design Chief at CBS, Dies at 90
Mr. Dorfsman spent more than 40 years with CBS, and designed every aspect of the company?s advertising and corporate identity.
Asian Markets Open Lower Amid Currency Concerns
Intensely nervous after Friday?s mass sell-offs around the world, Asian stock markets started the week lower.
2 Sentenced to 6 Months for Role in Kickback Scheme
David Bershad and Steven Schulman were key player in a lucrative lawsuit kickback scheme that raked in nearly $240 million in legal fees for their firm formerly known as Milberg Weiss.
Sony Reports 72% Plunge in Profit
Sony?s fiscal second quarter profit has plunged 72 percent as a surging yen wiped out the gains from solid sales of flat-panel TVs and PlayStation 3 game machines.
Durable-Goods Orders Rose in September
A report on Wednesday presented a mixed picture of business investment during the month.
Bank of Japan Cuts Key Interest Rate
The Japanese central bank cut its benchmark interest rate for the first time in seven years, joining other central banks.
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