Gloom returns to world markets after US plungeGloom and volatility returned to Asian and European markets Tuesday as investors dumped stocks following huge overnight losses on Wall Street and dismal U.S.
Big Three automakers to submit plans to CongressDetroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will h
Australia slashes interest rate to avert recessionAustralia's central bank slashed its key interest rate by one percentage point Tuesday in the latest bold move by the country's top finance officials to stave off a recession.
Boeing engineers, tech workers ratify contractsBoeing Co. engineers and technical workers have voted to ratify new contracts, ensuring four years of labor peace at the company's commercial airplane operations.
Travel pinched by global financial crisisThe tourists chatting in multiple languages in the piazzas, bars and shops of Rome belie a more somber mood at the ancient city's hotels.
Recession declared; Wall Street tanksMost Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse.
J&J to buy breast implant maker Mentor for $1.07BIn a move to become a major player in cosmetic and reconstructive surgery, health care products company Johnson & Johnson said Monday it will buy cosmetic-product and breast-implant maker Mento
Federal jury clears Chevron of Nigeria abusesA federal jury has cleared Chevron Corp. of responsibility for any human rights abuses during a violent protest on a company oil platform in Nigeria a decade ago.
Gloom returns to Asia on Wall Street's plungeGloom and volatility returned to Asian markets Tuesday as investors dumped stocks following huge overnight losses on Wall Street and dismal U.S.
Oil falls to 3-year low on bleak US economic newsOil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand.
Gloom returns to Asian markets after Dow's plungeGloom returned to Asian markets Tuesday as investors dumped stocks following huge overnight losses on Wall Street and dismal economic data out of the U.S., a crucial export market.
Recession-hit automakers brace for grim US salesWalloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.
Asian markets tumble after Wall Street plungeAsian stock markets tumbled Tuesday following massive overnight losses on Wall Street and dismal economic numbers out of the U.S., a crucial export market.
Down we go again: Fourth-worst drop ever for DowThe stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally an
Automakers' debt may be obstacle to federal loansThey'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp.
Oil tumbles below $50 as recession calledOil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007.
Man says God ordered him to ram vehicle at 100 mphA man who rammed his truck into a woman's vehicle on a highway early Friday told authorities he crashed into her while going more than 100 mph because God told him "she needed to be taken off the r
Police: Man swallows stolen earrings at Fla. mallAn X-ray marked the spot for southwest Florida police who say a teenager swallowed a $16 pair of earrings after taking them from a JCPenney store at a mall.
Police: Ohio college adviser ran prostitute raffleAn Ohio State University academic adviser and a real estate agent held a $10-a-ticket raffle that offered an evening with a prostitute who is also a child sex-abuse caseworker, police said.
