Market plunge shows deepening worry
2011-09-23 06:14:58
Policymakers' failure to arrest global economic stagnation sent markets spiraling downward.
HP may oust CEO, hire eBay veteran
2011-09-22 09:45:29
Hewlett-Packard Co's board convened to consider ousting CEO Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman.
Fed warns of big economic risks
2011-09-22 06:09:09
The Federal Reserve annouced moves to lower long-term borrowing costs and bolster housing.
IMF lowers world growth to 4% in 2011
2011-09-20 22:50:07
The IMF said that global economy will grow at a slower pace of 4.0 percent this year, a 0.3-percentage point lower than its projection in June.
Obama to propose $3 trillion in deficit cuts
2011-09-19 11:14:34
President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years
Protesters blocked in bid to 'occupy' Wall Street
2011-09-19 08:07:32
Hundreds of people marched on Saturday near Wall Street in New York in a failed attempt to occupy the heart of global finance to protest greed, corruption and budget cuts.
Obama to propose 'Buffett Tax' on US millionaires
2011-09-19 08:07:32
Obama has separately urged the supercommittee to consider $467 billion in tax increases on top of that goal to pay for a jobs bill he unveiled earlier this month.
Top Obama adviser calls for less regulation
2011-09-19 07:58:44
The United States government must reduce business regulation to spur job growth, said Jeffrey Immelt.
BofA plans 30,000 job cuts
2011-09-13 10:05:06
Bank of America Corp said it will cut 30,000 jobs and slash annual expenses by $5 billion, but investors were unimpressed with the plan and the lack of details on how it will be accomplished.
US consumer credit rises for 10th straight month
2011-09-09 08:06:03
US consumer credit increased at an annual rate of 5.9 percent in July, the tenth consecutive monthly growth
Obama unveils $447b new job plan
2011-09-09 08:05:49
Obama launched his widely expected new job plan Thursday night to stimulate recovery and strengthen the country's struggling employment situation.
World Trade Center rises from ground zero
2011-09-02 08:16:15
Ten years after the 9/11 attacks destroyed the World Trade Center, an 80-story glass and steel tower is rising like a phoenix from the ashes of ground zero.