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Oil Set for Biggest Weekly Fall Since March 2003 on Demand Drop

Crude oil is set for its biggest weekly decline since March 2003, trading near a four-year low as the economic contraction and job losses in the U.S.[...] read more »
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Lower Rates Help Sell Houses, but Market Faces Broader Ills

A possible move by the Treasury Department to push down mortgage rates has raised the hopes of home buyers, real-estate agents and economists -- and [...] read more »
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China, U.S. pledge cooperation after "robust" talks

China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation [...] read more »
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GM Chief Says He’d Accept Strict Conditions on Federal Bailout

General Motors Corp. Chief Executive Rick Wagoner told lawmakers he would accept strict conditions for a U.S. loan to stay afloat, including a promis[...] read more »
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China Shuns More Investment in West’s Finance Sector

The chairman of China’s sovereign wealth fund said here on Wednesday that China had no plans for further investments in Western financial institution[...] read more »
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EDF offers $4.5 bln for Constellation nuclear stake

Nuclear power generator Electricite de France got involved in a takeover battle with Warren Buffett Wednesday by offering to buy a 50% stake in Const[...] read more »
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Airlines to Cut Capacity Further

Falling fuel prices could help the U.S. airline industry turn a profit in 2009, but most carriers are making cuts in passenger capacity to deal with [...] read more »
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Ford's Mulally Hits the Road

In an interview from his drive to Washington, the Ford CEO calls the drubbing of last month "a learning experience" read more »
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Crude Oil Falls After OPEC Delays Decision to Reduce Production

Crude oil fell below $52 a barrel after the Organization of Petroleum Exporting Countries deferred a decision to reduce output for another two weeks.[...] read more »
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UAW chief says union prepared to return to bargaining table

UAW chief says union prepared to return to bargaining table read more »
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Stocks set for rough December start

Wall Street poised to kick off last month of 2008 on weak note as economic anxiety persists. read more »
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Payback time for the financiers

It no longer makes headlines when bankers turn down this year’s bonus or pay rise. But when ex-bankers at UBS – including the former chairman Marcel [...] read more »
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JPMorgan retains WaMu branch staff

JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz), which bought the banking operations of Washington Mutual Inc [WAMUQ.PK] in Septemb[...] read more »
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A $1 Trillion Answer

WHAT President-elect Barack Obama will need to do is horribly complicated but also very clear. read more »
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Microsoft, Yahoo reportedly talk about search deal

The Sunday Times of London reported that Microsoft is in talks with Yahoo and could be crafting a $20 billion deal that would give it the troubled In[...] read more »
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