U.K. economy to shrink 1.5%

LONDON – Britain's economy will shrink by 1.5 per cent next year and unemployment could reach 2.5 million in 2010, up from the current […]

Chrysler cash drains away as crisis deepens: sources

Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General […]

China cuts tax on share purchases

China’s Finance Ministry has eliminated a tax on share purchases, effective Friday, moving to shore up ailing markets amid further by global financial turmoil.
State-run […]

RIM launches first flip-phone version of BlackBerry

Research In Motion Ltd (RIM.TO: Quote, Profile, Research, Stock Buzz)(RIMM.O: Quote, Profile, Research, Stock Buzz) is launching a flip version of its popular BlackBerry […]

NBC Universal to buy Weather Channel

NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out […]

Jeddah starts oil price dialogue, but no quick fix

World energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in this Red Sea […]

Builders

Homebuilders’ confidence in the weak housing market fell in June, matching the record low in a monthly industry assessment index, a trade group said […]

Costly oil could mean recession - Soros

High oil prices, driven by decreasing crude supplies and increasing demand could drive the U.S. economy into a recession, George Soros, the fund manager […]

Citi tops bidding for Pa. Turnpike

A Spanish company and a unit of Citigroup Inc. teamed up to submit the largest bid for the right to lease the Pennsylvania Turnpike […]

Bush still worth $7.2M - report

Newly released financial disclosure forms for President Bush suggest that the value of his and his wife’s assets remained about the same in 2007 […]