Dow falls 512 in steepest decline since 2008

2011-08-05 07:15:08

Gripped by fear of another recession, the Dow Jones industrial average fell more than 500 points.

HSBC to sell 195 US bank branches for $1b

2011-08-01 17:24:42

British banking company HSBC said Monday it will sell just under half its retail banking branches in the United States to First Niagara Bank for around $1 billion.

'Really close' to debt deal as deadline nears

2011-08-01 06:58:57

Obama and congressional leaders reached for a compromise to permit vital borrowing by the Treasury in exchange for $2 trillion in long-term spending cuts.

US 'almost out time' on debt deal: Obama

2011-07-30 07:28:45

President Barack Obama warned the United States was "almost out of time" to make a deal to raise the nation's debt ceiling, insisting that a compromise was within reach.

US divide 'not easy' to bridge

2011-07-29 08:01:04

David Beers says he sees a "political divide" in the United States that won't be any easier to bridge with time.

Investors sell dollars, euros amid debt fears

2011-07-29 06:20:11

The euro and dollar fell Thursday because of concerns about the ongoing debt crises in Europe and the US.

Endgame in focus amid US debt ceiling battle

2011-07-28 09:36:11

Reid is maneuvering to make his own budget proposal the equivalent of the last man standing among the competing bills in Congress, according to congressional aides.

Debt deal remains elusive as deadline nears

2011-07-28 07:45:00

World stock markets watched nervously for a feared downgrade of the United States triple-A bond rating, shedding value across the board.

Recession worsens racial wealth gap in US

2011-07-27 07:01:32

The wealth gap between whites and minorities in the United States has reached the widest in a quarter century after the economic crisis hit nonwhites the hardest, a study released on Tuesday showed.

Amazon revenue surges, stock jumps

2011-07-27 07:00:09 Inc reported a surge in quarterly revenue on sales of its kindle electronic reader and other electronics.

US debt crisis gives investors first jolt

2011-07-27 06:54:26

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over the government's debt limit as investors braced for a looming US default and downgrade.

Obama: Debt impasse would do incalculable damage

2011-07-26 10:31:11

Failure to compromise and let the country to default on its financial obligation is "reckless and irresponsible."