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.