Qatar sells $2 billion Barclays stake, shares fall

Qatar is selling 379.2 million shares in British bank Barclays, worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set […]

U.S. must live within its means: Geithner

The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar’s status, […]

South Korea Says It Will Keep Economic Policies ‘Accommodative’

South Korea’s government will maintain its stimulus packages until an economic recovery strengthens, the Ministry of Strategy and Finance said.
“An exit strategy will […]

Lawmakers seek FCC probe into Google Voice

A group of Republicans and Democrats in the U.S. House of Representatives called on the Federal Communications Commission to investigate Google Inc’s ability to […]

CIT has ‘tentacles’ all over

The possible collapse of a key lender is sending panic through the retail industry, threatening to hang up deliveries of back-to-school clothing and other […]

Canada’s factory output hits record low

OTTAWA–Statistics Canada says the global recession idled a record level of Canada’s production capacity in the early months of 2009.
The agency says the […]

U.S. pending home sales rise in April

WASHINGTON–The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, […]

GM bankruptcy inevitable?

DETROIT–General Motors Corp. on Wednesday withdrew its offer to swap bond debt for company stock, saying that too few bondholders agreed to the deal. […]

Lowe’s beats forecasts with ‘less bad’ earnings

Lowe’s Cos. Inc. said that shoppers buying paints, plants and replacement parts in the first quarter helped the home improvement chain beat Wall Street […]

Oracle buys Sun Microsystems for $7.4B

NEW YORK – Oracle Corp. pounced on Sun Microsystems Inc. in a $7.4 billion deal Monday (dollar figures U.S.) after rival IBM Corp. abandoned its […]