Bank failure tally reaches 140

Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over […]

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Good news comes in threes for global economic recovery

WASHINGTON–Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.
The reports […]

Asia helps feeble West in global recovery: OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge […]

CIT Group files for prepackaged bankruptcy

CIT Group Inc filed for bankruptcy protection on Sunday, and its creditors have already approved the commercial lender’s reorganization plan.
CIT’s operating subsidiaries, including CIT […]

Cost-cutting drove Monster earnings beat

Monster Worldwide Inc’s better-than-expected quarterly results were due to cost-cutting, including reducing its workforce without resorting to layoffs, the job site company’s CEO said […]

German investor morale dips, raising growth doubts

German analyst and investor sentiment unexpectedly fell for the first time in three months in October to hit its lowest level since July, suggesting […]

Lawyer helps businesses deal with layoffs

The focus of Susan Nell Rowe’s career has been helping businesses against workplace labor disputes. She doesn’t see the courtroom as much as she […]

Bernanke says recession is ‘very likely over’

WASHINGTON — Federal Reserve Chairman Ben Bernanke said Tuesday that it was "very likely" that the recession had ended although he cautioned that it […]

Settlement over bank bonuses rejected

NEW YORK — A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America Corp., […]

Microsoft-Yahoo deal seen squeaking by regulators

Microsoft’s 10-year Internet search deal with Yahoo will get a hard look from Obama administration antitrust enforcers but will probably squeak through.
While the partnership […]