Fed starts meeting, seen noting improving economy

The Federal Reserve opened a two-day meeting on Tuesday that was expected to end with a recognition the U.S. economy is on the mend, […]

Fed, BOE Stimulus Exits May Differ on Bond Analysis, BIS Says

The Federal Reserve and other central banks may adopt different strategies for ending monetary stimulus because they have diverging views on the role of […]

Bondholders will bail out CIT Group

Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, saving the company from filing […]

GM, CAW still working on deal

General Motors of Canada and the Canadian Auto Workers union were still trying to negotiate a labour concession agreement yesterday as the union president […]

Honda CEO says 2009/10 is floor for earnings

Honda Motor Co’s earnings will hit bottom this year and improve beyond that as demand in the United States returns in the second half, […]

Ohio Hospital Association opposes Strickland budget

The Ohio Hospital Association is opposing Gov. Ted Strickland’s proposed state budget, calling it “unworkable.”
Hospitals “cannot support a state budget that will cost hospital employees […]

Fed vows to expand efforts on economy

WASHINGTON — Conceding that the economy is still spiraling downward on most fronts, the Federal Reserve signaled Wednesday that it would expand its use […]

Politicians, UAW locals laud move

Local politicians and United Auto Workers leaders expressed strong approval of President George W. Bush’s decision to approve bailout packages for automakers.
"I’m very […]

Wall Street braced for grim views from industrials

With some of the United States’ largest and most diversified companies ready to spell out their 2009 financial forecasts over the next two weeks, […]

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 […]